|Bid||941.00 x 0|
|Ask||953.00 x 0|
|Day's Range||934.00 - 954.00|
|52 Week Range||798.10 - 1,886.00|
|Beta (5Y Monthly)||1.41|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 03, 2020 - Aug 07, 2020|
|Forward Dividend & Yield||20.00 (2.19%)|
|Ex-Dividend Date||Sep 27, 2019|
|1y Target Est||2,796.50|
Japanese shares advanced on Friday, in line with Wall Street's gains, as news of top trade representatives of China and the United States holding a phone talks calmed investors worried about simmering Sino-U.S. tensions, with cyclicals leading the rally. On the domestic front, hopes for a potential lifting of Japan's state of emergency in some areas before the nationwide deadline of May 31 also supported investors' risk appetite, said traders. Top U.S. and Chinese trade representatives discussed their Phase 1 deal over the phone on Friday, with China saying they agreed to improve the atmosphere for its implementation and the United States saying both sides expected obligations to be met.
Japanese stocks rose on Friday, in line with Wall Street's gains, as news about top trade representatives of China and the United States holding a phone call calmed investors worried about simmering tensions, with cyclical shares leading gains. Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin agreed to strengthen macroeconomic and public health cooperation along with creating a favourable environment to implement the Phase 1 trade deal, China's commerce ministry said. On Thursday, Bloomberg reported that top trade negotiators from the United States and China will hold a phone call as early as next week, citing sources.
Law firms and banks are scrambling to retrain senior staff in restructuring so they can help dozens of companies looking to raise emergency funds and rearrange debts as the coronavirus pandemic eats into corporate cash. Lawyers and bankers said companies mainly in the transport, travel and retail sectors had made the first approaches but in the next few months there could be a far wider range of firms as lockdowns and social distancing measures hit economies hard. "It has been pretty much non-stop," said a partner at a major U.S. law firm, who has been on calls all day since Friday and had four deals closing on Monday alone.
Japanese shares ended lower on Friday as mounting coronavirus cases in China and other Asian countries eclipsed the boost from a weaker yen, with many investors closing their positions ahead of a long weekend. On the week, the Nikkei was down 1.27% and the Topix fell 1.70%.
Japanese shares were little changed on Friday as mounting coronavirus cases in China and other Asian countries offset the boost from a weaker yen ahead of a long weekend. The outbreak has already disrupted economic growth in China and a further spread to other countries could derail a "highly fragile" projected recovery in the global economy in 2020, the International Monetary Fund warned on Wednesday. The epidemic that originated in China appears to be quickly spreading to surrounding countries such as Japan and South Korea, even though recent tallies from China have raised hopes of some stabilisation there.
The death toll from the coronavirus rose over the weekend, passing the total killed by the SARS epidemic. Rakuten dropped 1.5% as Japanese antitrust officials raided the offices of the e-commerce company after complaints from online merchants about the company's free shipping policies.
Japanese shares slipped on Monday, as fears about the severity of the coronavirus outbreak in China and weak earning results outweighed any boost from a strong U.S. employment data. It now stands at 908 in mainland China, where there are a total of 40,171 infections.
Japan's benchmark share index on Friday marked its highest close in a month, after touching a 15-month peak earlier in the session, as hopes for a rebound in global demand and a softer yen drove broad-based gains. The Nikkei 225 Index closed 0.45% firmer at 24,041.26.