The Japanese stock market is exhibiting a mixed trend on Tuesday with investors mostly treading cautiously and looking to take some profits after five successive days of gains. As the U.S. markets were closed overnight, investors are mostly seen tracking recent corporate news for some direction.
The benchmark Nikkei 225 index, which rebounded to 9,985 after a fall from higher levels, is now trading at 9,973, up 7.9 points over its previous close.
Shares of Tokyo Electric Power are up nearly 3 percent following an announcement from the company that a self-contained cooling system at the Fukushima Dai-ichi nuclear plant, which had been malfunctioning earlier, is now working smoothly. Short-covering after recent losses too is aiding the stock's upmove.
Ricoh, Fukuoka Financial, Resona Holdings, Mitsui Mining and Dai-ichi Life are up 2 to 3.5 percent. Heiwa Real Estate, Tosoh, Casio Computer, Oji Paper, Mitsui OSK Lines, Dowa Holdings, JFE Holdings, Nippon Paper, Nippon Soda, Tokyo Electronics and Mitsubishi Estate are also trading notably higher.
Among bank stocks, Shinsei Bank is gaining over 3.5 percent and Bank of Yokohama is up 2.7 percent. Chiba Bank, Shizuoka Bank and Mitsubishi UFJ Financial are also trading firm.
Among automobile stocks, Mitsubishi Motor and Suzuki Motor are trading higher. Isuzu Motors, Honda Motor and Nissan Motor are trading in negative territory with modest losses, while Toyota Motor is trading flat.
Yaskawa Electric, Fast Retailing, Chiyoda, Kawasaki Heavy Industries, Fuji Heavy Industries, Yahoo Japan, Toshiba Corp., Japan Steel Work, Fuji Electric and Teijin are trading notably lower.
Shares of Rakuten Inc are down sharply, following media reports that the company is likely to see a 33 billion yen net loss for the January-June 2011 period.
According to reports, the Cabinet of Prime Minister Naoto Kan agreed Tuesday on a draft 2 trillion yen second extra budget for fiscal 2011 that would finance relief work following the March 11 earthquake and tsunami, including health checks on people affected by the crisis at the Fukushima Dai-ichi nuclear power plant.
In the currency market, the U.S. dollar traded at the upper 80 yen level in early deals in Tokyo. The yen is currently trading at 80.84 to the U.S. dollar.
Among other markets in the Asia-Pacific region, Australia, South Korea and Hong Kong are up with modest gains. Malaysia and New Zealand are up marginally, while Singapore and Taiwan are trading weak. Markets across the region ended mostly higher on Monday.
The U.S. markets were closed on Monday due to Independence Day holiday. Major European markets ended mostly higher on Monday. The U.K.'s FTSE 100 ended 0.5 percent up and the German DAX index surged 0.3 percent, while the French CAC 40 index ended lower by 0.1 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.