Tokyo Market News: investment market news from the Nikkei and Topix indices
Tokyo Market News: investment market news from the Nikkei and Topix indices

Latest Tokyo Market News:

  • Mothers market up 3.7 percent on session

  • Traders up on rise in oil prices

  • Declines in Tokyo markets

  • Tokyo banks fall on US news

  • Mothers market adds 1 percent amid declines

  • Tokyo banks see declines

  • Tokyo’s Mothers market gains over 7 percent

  • Banks decline in Tokyo

  • Banks, consumer finance lower

  • Carmakers lower on broker comment

  • Tokyo Market News feed

    Recommended equities news sites

  • Topix Index
  • Nikkei Net
  • Asia Economy Watch
  • Mortgage Brokers & Insurance
  • Eurofirst News
  • FTSE News
  • NYSE News
  •  

    October 19, 2007

    Tokyo banks see declines

    Filed under: Companies, Mizuho, Toyota, Mitsubishi UFJ, Aiful, Takefuji, Acom, Taiheiyo Cement, Sumitomo Osaka Cement

    In Tokyo on Friday the Nikkei 225 dropped 1.71 percent to 16,814.37 and the Topix index fell 1.64 percent to 1,591.28.

    On the other hand, the Mothers market added 2.06 percent on the session to 902.03.

    Banks were lower after Thursday’s report from US bank Bank of America (NYSE: BAC; TYO: 8648) that its profits had dropped by 32 percent in the third quarter.

    Mitsubishi UFJ (TYO: 8306; NYSE: MTU) was down 1.3 percent to ¥1,027 while Mizuho (TYO: 8411; NYSE: MFG) was 2.2 percent lower to ¥616,000.

    The consumer finance sector, however, saw gains after Acom (TYO: 8572) issued a preliminary report that its operating profit was up by 63 percent in its fiscal first half.

    Acom jumped 18 percent to ¥2,640, while Takefuji (TYO: 8564) gained 17 percent to ¥2,700 and Aiful (TYO: 8515) added 15 percent to ¥2,270.

    Exporters saw declines as the yen strengthened against the US dollar.

    Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) was 1.6 percent lower to ¥6,250.

    Among domestically-focused shares, cement manufacturers were lower on downgrades from Mizuho.

    Taiheiyo Cement dropped 3.5 percent to ¥356, while Sumitomo Osaka Cement fell 5.5 percent to ¥260.





    Latest Equities News:

  • Wall Street ends lower despite rate cut

  • Asia-Pacific, Europe equities see declines

  • Hang Seng adds 10.72 percent on session

  • India’s Sensex drops 1,408 points on session

  • Australian markets drop for 9th straight day

  • Taiex gains on opposition win in parliamentary elections

  • Hang Seng drops nearly 400 points

  • Most Asia-Pacific markets drop on US recession worries

  • Tokyo declines on export worries

  • Asia-Pacific equities mixed on economic concerns

  • Tokyo Market News copyright 2005 Central Consultants