After years of struggling to make a living selling recyclable parts from electronic waste recovered in Africa, Dutchman Joost de Kluijver realised he needed a new business model if his firm was going to survive.
Japanese shares closed slightly higher on Wednesday, led by technology stocks, but concerns about corporate outlook capped gains even as investors awaited a decision by the U.S. Federal Reserve.
By Reuters Staff
2 Min Read
TOKYO, April 27 (Reuters) - Japanese shares inched lower on Tuesday as investors looked past upbeat corporate outlook amid worries about the government’s handling of the COVID-19 pandemic, while chip-related stocks took cues from a positive finish overnight on the Nasdaq.
The Nikkei share average inched down 0.15% to 29,083.82 by 0211 GMT, while the broader Topix slipped 0.37% to 1,910.83.
“There are uncertainties on the effect of the state of emergency that is imposed on certain parts of Japan, as many people seem to be ignoring it,” said Takatoshi Itoshima, strategist at Pictet Asset Management.
“Shares in companies, which reported positive earnings, are not rising. That means investors’ expectations for corporate outlook are too high.”
By Reuters Staff
2 Min Read
TOKYO, April 16 (Reuters) - Japanese shares closed slightly higher on Friday as heavyweight chip shares rallied, although concerns around corporate outlook capped the gains.
The Nikkei index ended up 0.14% at 29,683.37, while the broader Topix inched up 0.09% to close at 1,960.87.
Chip-related shares gained after Taiwan Semiconductor Manufacturing Ltd (TSMC), reported a 19.4% rise in first-quarter profit on strong chip demand.
Advantest rose 0.38%, Tokyo Electron gained 0.37% and Renesas Electronic jumped 2.48%.
But, NLI Research Institute’s chief equity strategist Shingo Ide points out that investors are getting cautious about corporate outlook ahead of earnings season starting next week as their expectations were so high.