Japan’s Topix index climbed, led by real-estate companies, as the yen weakened today and after the gauge yesterday fell the most in more than a week as intensifying conflict in Ukraine spurred a global selloff.
Pressure on the Government Pension Investment Fund to buy more stocks will benefit Japan’s public as well as boost equity markets, said the head of a panel that advised on overhauling the world’s biggest retirement fund.
Japanese shares fell, with the Nikkei 225 Stock Average entering a correction, as investors weighed corporate earnings and slowing Chinese manufacturing growth increased concern the global economic recovery is faltering.
SoftBank Corp.’s billionaire founder Masayoshi Son and Sprint Corp. Chief Executive Officer Dan Hesse plan to decide in the next few weeks whether to move ahead on a bid for T-Mobile US Inc. after speaking with U.S. regulators, people with knowledge of the matter said.
Uniqlo owner Fast Retailing Co., the Japanese clothing company on an overseas expansion drive, plans to list depositary receipts in Hong Kong to help promote its brand to investors and customers in the region.
Atsushi Saito , president of Tokyo Stock Exchange Group Inc. , said in November there would be no value in expanding Japan’s biggest stock exchange through mergers. Yesterday, the 71-year-old said he’s considering a marriage with an old rival.