November 19, 2024 at 01:50 am EST
(MT Newswires) -- Japanese shares rose on Tuesday as investors awaited President-elect Donald Trump's cabinet appointments and assessed prospects for US Federal Reserve policy adjustments.
The Nikkei 225 rose 0.51%, or 193.58 points, to end at 38,414.43.
Trump's proposed fiscal spending, tariffs, and tighter immigration policies could stoke inflation, complicating Fed rate cuts amid resilient economic data.
While Trump has filled health and defense roles, key posts like Treasury secretary and trade representative remain unfilled.
On the corporate front, Takamiya Co (TYO:2445) reported second-quarter net sales of 21.24 billion yen, 6% below forecast, with operating income down 30.3% to 802 million yen and attributable profit at 498 million yen.
Delays in construction projects, labor shortages, and higher administrative costs weighed on results.
Mitsui Fudosan Logistics Park (TYO:3471) will sell fractional units from its merger with Advance Logistics Investment (TYO:3493) in market transactions, distributing proceeds to investors.
LY Corp (TYO:4689) said subsidiary Leyo Holdings received a demand for 823,395 ringgit in royalties from Synergy House Furniture.
LY Furniture is suing Xin Hwa Trading & Transport over $78,889 in missing inventory, with Xin Hwa countering for 311,501 ringgit in warehouse fees.
Sumber : Reuters
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