Tokyo - Tokyo ended Wednesday trading mixed after strong gains the previous day as investors retreated on concerns over dire earnings forecasts by leading Japanese companies.
The benchmark Nikkei 225 Stock Average was up 45.22 points, or 0.56 per cent, to 8,106.29 after posting losses earlier in the day.
Most investors had accepted that the outlook for the upcoming earnings reports of Japanese companies for the business year running through March was dire, traders said.
Tokyo - Japanese electronics giant Panasonic Corp is likely to report its first annual net loss in six years, the business daily Nikkei said Wednesday.
The Osaka-based electronics company is expected to post a net loss of 100 billion yen (1.12 billion dollars), triggered by rising restructuring costs, a price slump in electronics and the yen gaining ground against the dollar.
Panasonic had to revise its earnings forecast for the business year ending March down several times from the originally predicted net profits of 310 billon yen.
Tokyo - Nomura Holdings Inc on Tuesday reported a record net loss of 492.36 billion yen (5.53 billion dollars) for the first nine months of the fiscal year 2008, which ends in March.
It was the largest loss Nomura incurred since 2001, when Japan's top brokerage house began using the US accounting standard.
It was also the first time Nomura reported losses in four quarters in a row, according to the Jiji Press news agency.
Tokyo - The Tokyo market soared nearly 5 per cent to close Tuesday trading as investors returned to buy back battered shares after the benchmark Nikkei 225 Stock Average hit a three-month low the previous day.
The Nikkei index surged 378.93 points, or 4.93 per cent, to 8,061.07, and the broader Topix index of all first section issues also rose 37.21 points, or 4.84 per cent, to 805.49.
On currency markets at midday (0300 GMT), the dollar traded at 89.70-75 yen, up from Monday's 5 pm quote of 88.61-64 yen.
Tokyo - Stocks ended Tuesday morning trading higher in Tokyo as investors bought back battered shares after the benchmark Nikkei 225 Stock Average hit a three-month low the previous day.
The Nikkei index ended morning trading up 267.93 points, or 3.49 per cent, at 7,950.07, and the broader Topix index of all first section issues also rose 26.59 points, or 3.46 per cent, to 794.87.
On currency markets at 9 am (0000 GMT), the dollar was quoted at 89.25-30 yen, up from Monday's 5 pm quote of 88.61-64 yen.
Tokyo - Tokyo ended Wednesday trading mixed after strong gains the previous day as investors retreated on concerns over dire earnings forecasts by leading Japanese companies.
Tokyo - Tokyo ended Wednes
Tokyo - Japanese electronics giant Panasonic Corp is likely to report its first annual net loss in six years, the business daily Nikkei said Wednesday.
Tokyo - Nomura Holdings Inc on Tuesday reported a record net loss of 492.36 billion yen (5.53 billion dollars) for the first nine months of the fiscal year 2008, which ends in March.
Tokyo - The Tokyo market soared nearly 5 per cent to close Tuesday trading as investors returned to buy back battered shares after the benchmark Nikkei 225 Stock Average hit a three-month low the previous day.
Tokyo - Stocks ended Tuesday morning trading higher in Tokyo as investors bought back battered shares after the benchmark Nikkei 225 Stock Average hit a three-month low the previous day.
