Tokyo's Key Nikkei Index Closes Higher
Faizan Hashmi Published May 11, 2022 | 12:43 PM
Okyo's key Nikkei 225 index closed higher on Wednesday as investors increasingly took to the sidelines ahead of key US inflation data due later in the day
Tokyo, (UrduPoint / Pakistan Point News - 11th May, 2022 ) :Tokyo's key Nikkei 225 index closed higher on Wednesday as investors increasingly took to the sidelines ahead of key US inflation data due later in the day.
The benchmark Nikkei 225 index edged up 0.18 percent, or 46.54 points, to close at 26,213.64, while the broader Topix index slipped 0.60 percent, or 11.23 points, to 1,851.15.
Toyota dropped 4.42 percent to 2,082 yen after it posted record net profit and sales but unveiled a cautious forecast for the current year to March 2023.
Nintendo rallied 3.25 percent to 58,190 yen, a day after it reported a solid net profit for the financial year to March on the strong performance of its blockbuster Switch console.
SoftBank Group was down 0.35 percent at 4,883 yen ahead of its earnings report due on Thursday.
Panasonic ended down 1.86 percent at 1,134 yen, after a report that the electronics giant is planning to build a plant in the United States to produce batteries for electric vehicles, eyeing to supply them to Tesla.
For the current year, it forecasts a net profit of 260 billion yen.