After briefly going past the 28,000 mark, the Nikkei 225 share average in Japan completed the day up 0.69% at 27,932.20. It hadn’t finished above 28,000 since June 9, when it was at that level.
The more comprehensive TOPIX index was less volatile, ending the day with a value of 1930.73, which was unchanged after spending most of the trading day oscillating between positive and negative territory.
After releasing its quarterly report, which showed a 42% year-on-year reduction in operating profit, Toyota Motor Corp. (NYSE:TM)’s stock dropped 3.45% before recovering marginally to close down 2.99%.
An individual who participates in the market at a domestic securities business was quoted as saying, “I can’t say the outcomes were good, but they weren’t so awful as to be a surprise.”
A representative of the Amemiya Research Institute named Kyoko Amemiya stated before the release, “We’d want to analyze Toyota Motor Corp. (NYSE:TM)’s results.” “The trajectory of the market as a whole may be able to be gleaned from Toyota Motor Corp. (NYSE:TM)’s performance.”
Following the release of a solid earnings report and optimistic expectations for future sales in the United States, rival manufacturer Subaru Corp. (OTCMKTS:FUJHY) was the highest performance on the Nikkei 225 on Thursday. The company’s share price increased by 8.48%.
109 of the Nikkei 225 components saw price increases, 113 saw price decreases, and three were unchanged.
Following Subaru Corp.’s (OTCMKTS:FUJHY)’s lead, Casio Computer Co., Ltd. (NASDAQ:CSIOY) had the most significant percentage rise, 6.29%, after announcing that it anticipates higher earnings for the current fiscal year.
The Philadelphia SE Semiconductor Index rose by 2.65% overnight, benefiting other technology companies, and supporting the Nikkei 225. Sumitomo Electric Industries, Ltd. and Tokyo Electron Ltd. posted gains of 5.96% and 3.1%, respectively.
Following the publication of its quarterly results, Z Holdings Corp., responsible for Yahoo Japan and Line, had a decline of 10.99%. This was the worst performance among all companies.
Despite Nintendo Co., Ltd’s (NYSE:NTDOY) announcement that its Switch system sales were down year-over-year, investors continued to show interest in the company’s shares, which ended the day up 0.41%. The business’s projection for unit sales for the current financial year has not altered.
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