» Asia: Japanese brokers post gains

Asia: Japanese brokers post gains

Filed under:

Asia News

Asia: Japanese brokers post gains

“Investor expectations about profit gains at brokerages grew stronger,” said Atsushi Osa at Sumitomo Mitsui Asset Management.

The Morgan Stanley Capital International Asia-Pacific index rose 1.00 point to close at 126.20. Financial companies like Mitsubishi UFJ Financial Group, the parent of the brokerage house, and Daiwa Securities accounted for 40 percent of the rise.

The Nikkei 225 added 240.02 points, or 1.5 percent, to 15,891.02. Japan’s imports and exports jumped to records in December, the government said in its report, evidence that both domestic and overseas demand are helping growth.

Indexes rose in South Korea, Singapore, Malaysia, New Zealand, the Philippines and Pakistan, but fell elsewhere. Markets in Australia, China, India and Taiwan were closed.

Brokers like Mitsubishi UFJ Securities benefited from a share rally that saw trading on the Tokyo Stock Exchange more than double during the last quarter of 2005. The Nikkei surged 40 percent last year.

The brokerage firm said on Wednesday that its third-quarter profit jumped to ¥26 billion. Shares of Mitsubishi UFJ Financial, the world’s largest bank by assets, rose ¥60,000 to ¥1.58 million.

Daiwa Securities and Nomura Holdings, Japan’s biggest securities company, both gained. Daiwa is scheduled to state its profit on Friday and Nomura on Monday.

More: iht.com

Related Travel Information

Instant money order service launched in Jaipur

Instant money order service launched in Jaipur India Post on Saturday launched an instant money order (IMO) service to enable easy and immediate transfer of funds between two individuals in select cities, including Jaipur. "The IMO can be sent in the range of Rs 1,000 -50,000, with a tariff ranging between Rs 150-Rs 330," Chief Post Master General of Indian Post (Rajasthan circle) Neelam Srivastava, told reporters here. The department would receive payment by cheque of Rs 20,000 Or more, she said. The department also launched accidental death insurance coverage on postal savings accounts holders at a concessional rate of

Japanese ADRs lead Asia’s advance

Japanese ADRs lead Asia's advance U.S.-listed shares of Asian companies jumped Thursday, supported by gains among Japanese shares and Chinese online providers that rose on earnings. The Bank of New York Asia American Depositary Receipt Index rose 1.47 points, or 1%, to 139.38, making it the bank's best-performing subregional index. The overall Composite Index added 0.33 points to 143.03. Japan's ADRs were on the forward march, supported by what many see as a full-scale Japanese economic recovery. Earlier, the Nikkei 225 Average, Tokyo's major benchmark, rose 2% to 16,096.10. See Asia Markets. Financial shares were higher after the nation's leading business

Japan’s rising but Asia’s economic gains must wait

Japan's rising but Asia's economic gains must wait Japan's emergence from more than a decade of stagnation could mean greater demand for its neighbors' exports, more Japanese investment in the rest of the region and stronger Asian currencies. But people are not holding their breath and expecting Japan to give a sudden boost to Asian growth. Economists say it could take years for income levels in Japan to rise to levels that will translate into big demand for Asian goods or for Japanese capitalists to invest with vigor in Asia. All it may mean in the near term is some extra investment in

Hello world!

Welcome to WordPress. This is the first post. Edit or delete it, then start blogging!

Japan, Korea lead Asia ADR declines

Japan, Korea lead Asia ADR declines U.S.-listed shares of Asian companies fell hard Wednesday, led by losses among Japanese and Korean names. The Bank of New York Asia American Depositary Receipt Index fell 1.10 points to 137.32, suffering the biggest drop among the sub-regional indexes. The overall Composite ADR Index traded 0.84 points lower to 140.68. Earlier, Japan's Nikkei 225 dropped 250 points, ending 1.56 lower. Japan's largest bank by market capitalization said a steep decline in costs associated with writing off bad loans boosted its profit. It also increased its profit and dividend guidance for the full year ending in

Asia News