AGL 40.30 Increased By ▲ 0.29 (0.72%)
AIRLINK 127.12 Decreased By ▼ -0.87 (-0.68%)
BOP 6.63 Increased By ▲ 0.03 (0.45%)
CNERGY 4.48 Decreased By ▼ -0.12 (-2.61%)
DCL 8.63 Increased By ▲ 0.15 (1.77%)
DFML 41.89 Increased By ▲ 0.41 (0.99%)
DGKC 87.80 Increased By ▲ 1.22 (1.41%)
FCCL 32.78 Increased By ▲ 0.64 (1.99%)
FFBL 65.20 Decreased By ▼ -0.22 (-0.34%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.82 Decreased By ▼ -0.67 (-0.61%)
HUMNL 14.86 Increased By ▲ 0.11 (0.75%)
KEL 5.13 No Change ▼ 0.00 (0%)
KOSM 7.54 Increased By ▲ 0.42 (5.9%)
MLCF 41.78 Increased By ▲ 0.13 (0.31%)
NBP 59.51 Decreased By ▼ -0.58 (-0.97%)
OGDC 194.95 Increased By ▲ 0.26 (0.13%)
PAEL 28.25 Increased By ▲ 0.30 (1.07%)
PIBTL 7.80 Decreased By ▼ -0.20 (-2.5%)
PPL 152.60 Increased By ▲ 1.43 (0.95%)
PRL 26.56 Decreased By ▼ -0.32 (-1.19%)
PTC 16.17 Increased By ▲ 0.17 (1.06%)
SEARL 83.90 Increased By ▲ 5.70 (7.29%)
TELE 7.65 Increased By ▲ 0.26 (3.52%)
TOMCL 35.50 Decreased By ▼ -0.17 (-0.48%)
TPLP 8.17 Increased By ▲ 0.26 (3.29%)
TREET 16.17 Increased By ▲ 0.28 (1.76%)
TRG 52.90 Increased By ▲ 0.14 (0.27%)
UNITY 26.50 Decreased By ▼ -0.05 (-0.19%)
WTL 1.25 Decreased By ▼ -0.02 (-1.57%)
BR100 9,937 Increased By 17.1 (0.17%)
BR30 30,831 Increased By 79.1 (0.26%)
KSE100 93,671 Increased By 446.2 (0.48%)
KSE30 29,031 Increased By 146.1 (0.51%)

Tokyo's benchmark Nikkei closed fractionally higher on Monday thanks to gains in blue-chip shares, with investors eyeing the US-China trade war and key central bank meetings this week. The Nikkei 225 index rose 0.03 percent, or 7.11 points, to 21,124.00, but the broader Topix index was down 0.45 percent, or 6.97 points, at 1,539.74.
Some blue-chip shares, led by Sony, SoftBank and Uniqlo casual wear operator Fast Retailing, gained ground, offsetting declines in chip-related shares, said Shinichi Yamamoto, broker at Okasan Securities in Tokyo.
"But players were largely on the sidelines ahead of the FOMC (Federal Open Market Commitee) starting on Tuesday," Yamamoto told AFP.
Tsuyoshi Nomaguchi, strategist at Daiwa Securities, said: "If the Fed's view on the economy is hawkish enough to remove market expectations of a rate cut, that would send stocks prices down."
Investors were also watching the US Trade Representative's public hearings on President Donald Trump's plans to impose fresh tariffs on Chinese-made goods, which will start on Wednesday.
"It's worth watching if there is any impact from the US-China trade war on the Japanese trade statistics due on Wednesday," Nomaguchi said.
The dollar fetched 108.59 yen in Asian afternoon trade, against 108.55 yen in New York on Friday.
The Bank of Japan's two-day meeting through Thursday will be monitored as it may affect the dollar-yen rate, analysts said.
In Tokyo, SoftBank jumped 1.84 percent to 10,190 yen while Fast Retailing rose 1.31 percent to 66,930, with Sony up 2.49 percent at 5,635 yen.
Chip-linked shares were lower after the US chip sector declined, with chip-testing equipment maker Advantest dropping 2.91 percent to 2,529 yen and chip-making equipment manufacturer Tokyo Electron diving 2.49 percent to 14,265 yen.

Copyright Agence France-Presse, 2019

Comments

Comments are closed.