Financial Markets
Other tech shares followed suit, with heavyweight Corp and Tokyo Electron climbing 3. Updated: 27 Nov 2020, 07:59 PM IST Reuters• 97, edging near a two-year peak touched last Friday. Historians describe the Nomonhan Incident, a little-known 1939 Japan-Soviet border conflict, as the starting point of World War II. Nasdaq, but worries over latest coronavirus restrictions at home hindering economic recovery capped gains. The market opened on a weak note, but quickly reversed course as tech-related shares advanced and investors snapped up bargains, supported by the tech-heavy Nasdaq closing 0. 2 billion in shares to fund 787 jet purchases 1 min read. On Wednesday, the key index rose 13. Economy Minister Yasutoshi Nishimura said medical resources in parts of Japan are becoming strained and the next three weeks would be critical to stopping the spread of infections. Berkshire has said that it could raise its stake in any of the five companies up to 9. ANA picked Nomura Holdings and Goldman Sachs Group as two of the global coordinators for its first share offering since 2012, sources earlier told Reuters. It says the 787, which is smaller than other widebody models, will be a cost effective alternative to bigger planes that may struggle to make money even after the coronavirus crisis ends. Some of those may be configured with fewer business-class seats, Nakahori said, because ANA expects a quicker rebound in leisure travel. Dozens of liquefied natural gas export projects are seen delaying investments in the wake of the demand slump caused by the virus and as Europe intensifies its call for decarbonization. As part of Japan's latest measures to rein in its highest surge in COVID-19 infections yet, Tokyo on Wednesday urged restaurants and bars to shorten their operating hours until mid-December and residents to stay indoors as much as possible. 30, citing inflation hedging and securing carry trade spreads as reasons. As of Tuesday, Itochu and Sumitomo have given up all or most of their gains since the announcement. stimulus package and progress in a COVID-19 vaccine, but gains were capped by some profit-taking after a strong November rally. 8 billion in a share sale to strengthen its finances. ANA does not expect its home market to recover for two years, and has forecast the downturn in international travel to last until 2024. ANA declined to identify the coordinators. The company said in a statement on Tuesday that nothing has been decided on new share sale. Sentiment was also supported by other Asian peers and e-mini futures, which was last up 0. Telecommunications, precision instruments and electric appliances were among the top sectoral performers on the main bourse, up between 1. TOKYO Reuters - Shares of Japan's ANA Holdings Inc on Tuesday sank as much as 4. It also speaks to the challenges for a Japanese equity market heavily weighted toward so-called value shares, with the benchmark Topix Index on track to lag the MSCI AC World ex-Japan Index for a fifth straight year in 2020. Recommended• The August announcement, among the largest investments ever made by Buffett in Japan, not only sparked a rally in stocks, but also boosted overall investor interest in the trading companies. Although Japan hasn't been hit as hard as the United States and Europe, its travel industry is suffering. The 225-issue Nikkei average of the Tokyo Stock Exchange finished up 8. Elsewhere, the Mothers Index of startup firm shares ended 0. Upstream giants have slashed their workforces as the pandemic persists, with some in the industry believing the era of demand growth is already over. Some other large-cap growth shares were bruised by profit-taking, with both and Hoya losing 2. Sentiment was also fuelled as U. -China ties and energy policies, the shares will likely struggle until the U. While many other airlines have been deferring widebodied plane deliveries to safeguard their finances, ANA has opted to stick with its pre-pandemic 787 orders from Boeing• The benchmark 225-issue Nikkei average on the Tokyo Stock Exchange finished up 13. Of the 14 million shares it plans to issue, ANA said it will offer a quarter to overseas investors. The largest percentage gainers in the index were online game publisher up 7. Reporting by Rocky Swift, Editing by Sherry Jacob-Phillips. Only the headline has been changed. Listing Last Change Volume 6902:TYO 5,733. ANA Holdings will hold its first share sale since 2012, Reuters reported on Saturday, citing two sources who declined to be identified because the information was not public. This story has been published from a wire agency feed without modifications to the text. 98, the highest closing level since April 17, 1991, after rising 353. 82 billion for the year through March 31 due to the pandemic. Japanese shares closed at a more than 29-and-a-half-year high on Thursday, as tech shares tracked overnight advances on the U. The 225-issue Nikkei average of the Tokyo Stock Exchange snapped a four-session winning streak and sank 211. But while many other airlines have been deferring widebodied plane deliveries to safeguard their finances, ANA has opted to stick with its pre-pandemic 787 orders from Boeing. 37, reaching another 29-year high. 8 billion in subordinated loans to replenish its cash reserves. Airlines around the globe are struggling to ride out a pandemic that has cast a dark shadow across the global travel industry. "On routes to Europe and the United States we flew the Boeing 777, but after the coronavirus, rather than 777 capacity, the 787 is going to be a better size," ANA Senior Vice President Kimihiro Nakahori said at a press briefing. ANA does not expect its home market to recover for two years, and has forecast decline in international travel to last until 2024 Like other big global airlines ANA has been making cost cuts, including pay reductions, to cope with a coronavirus-driven travel slump. 98, its since April 1991, extending its bull run after U. 31, its highest closing level since April 1991. Only Mitsubishi remains substantially higher — with a 7. The carrier last month forecast a record operating loss of 505 billion yen for the year to March 31. Nishikawa also counts Mitsui and Mitsubishi among the winners, while he expects Sumitomo to continue to struggle until the next fiscal year, having taken write-downs and warned of its worst annual loss on record. 9 billion by selling new shares to bolster its balance sheet. politicians put forth a flurry of proposals on coronavirus relief packages after a month-long partisan standoff. There were 101 advancers on the index against 118 decliners. Video games developer was among top 30 core Topix gainers, rising 4.。 。 。
1
