News24
15 Jan 2021, 14:12 GMT+10
Tokyo stocks opened marginally higher before slipping into negative territory on Friday, with investors watching details of incoming US president Joe Biden's plan for new stimulus.
The benchmark Nikkei 225 index gained 0.24% or 69.83 points to 28 768.09 in early trade, while the broader Topix index was up 0.13% or 2.36 points at 1 875.64.
"The Japanese market is seen keeping a positive note from the previous session following modest falls on Wall Street but profit-taking could weigh on share prices," Toshiyuki Kanayama, senior market analyst at Monex, said in a note.
And the markets wobbled into negative territory about 30 minutes after the opening bell, with the Nikkei trading down 0.11%.
The dollar fetched 103.77 yen against 103.74 yen in New York late Thursday.
Shortly after US markets closed, details emerged of the Biden plan, which proposes $1.9 trillion to revitalise the US economy as it faces an onslaught of coronavirus cases.
US indices finished lower following a choppy session. Still, equity markets remain near all-time highs as investors look ahead to a better 2021 economy thanks to coronavirus vaccines.
In Tokyo, Canon rallied 5.83% to 2 195.5 yen after it revised up forecasts for full-year operating profit.
Uniqlo casual wear operator Fast Retailing was down 1.72% at 92 050 yen on profit-taking after it reported a 23% jump in operating profit for the September-November quarter.
On Wall Street, the Dow ended down 0.2% at 30 991.52.
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationWASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
Nearly three months after a devastating earthquake struck Myanmar, the country remains trapped in a deepening crisis, compounded by...
Birmingham [UK], July 5 (ANI): Rishabh Pant made history on Saturday, becoming the first Asian wicketkeeper-batter to score 2,000 runs...
Kabul [Afghanistan], July 5 (ANI): A large number of Afghans recently deported from Iran are facing severe challenges, including homelessness,...
Kathmandu [Nepal], July 5 (ANI): The Nagarik Unmukti Party has decided to walk out of the ruling alliance led by Nepal Prime Minister...
Raipur (Chhattisgarh) [India], July 5 (ANI): BJP MP Sudhanshu Trivedi on Saturday slammed Congress MP Rahul Gandhi over his remarks...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...