Japanese stocks end slightly higher | Capital market news

Japanese stocks end slightly higher | Capital market news

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Last update: October 10, 2024 | 4:17 p.m. STI

Japanese markets edged higher ahead of September US CPI data due later today. The Nikkei average rose 0.26 percent to 39,380.89 while the broader Topix index closed 0.20 percent higher at 2,712.67.

Camera maker Nikon jumped 5.6 percent to become the Nikkei’s biggest percentage gainer.

Technology investor SoftBank Group jumped almost 4 percent while Uniqlo brand owner Fast Retailing gained 1.3 percent after reporting strong sales and profit growth.

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Retailer Aeon fell 8.7% after reporting a decline in its financial performance for the six months ending August 31, 2024.

Producer prices in Japan remained unchanged in September, the Bank of Japan announced on Thursday. On an annual basis, producer prices increased by 2.8 percent.

Export prices fell 0.4 percent month-on-month and rose 0.5 percent year-on-year, the bank said, while import prices fell 1.3 percent month-on-month. and 0.4 percent over one year.

The overall value of bank loans in Japan rose 2.7 percent year-on-year in September, the Bank of Japan said Thursday, to 624.24 trillion yen. For the third quarter of 2024, aggregate loans increased by 3.0 percent year-on-year, non-trust loans increased by 3.3 percent and trust loans increased by 0.6 percent.

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First publication: October 10, 2024 | 4:09 p.m. STI

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