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Japanese Stocks Inch Up as Investors Await Earnings, 10-Day Holiday


Friday, 12 April 2019 10:04 WIB

Nikkei 225Saham JepangIndeksTopix


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Japan’s Nikkei share average rose on Friday but was little changed for the week, as many investors stayed on the sidelines ahead of the U.S. and domestic earnings season and an upcoming 10-day holiday in Japan.

The benchmark Nikkei ended the morning session at 21,841.90, up 130.52 points, or 0.6 percent, on the day, largely thanks to its heavyweight Fast Retailing Co Ltd, which soared 7.8 percent to contribute a hefty 160 points, or 0.7 percent, to the Nikkei.

The broader market was not as rosy as the Nikkei might suggest, with the Topix index dropping 0.1 percent to 1605.39.

The operator of Uniqlo slightly cut its full-year profit forecast after unusually warm weather forced it to slash prices for winter clothes, but the number will still be a record high as its business in China continues to be strong.

Source : Reuters


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