November 05, 2024 at 01:47 am EST
(MT Newswires) -- Japanese shares edged up on Tuesday following a holiday, with Tokyo's extended trading hours introducing new volatility risks as investors tracked a tight US presidential race.
The Nikkei 225 rose 1.11%, adding 421.23 points to close at 38,474.90.
Tokyo Stock Exchange expanded its trading by 30 minutes - the first adjustment in 70 years - to attract more foreign inflows. The exchange now operates from 9 a.m. to 3:30 p.m., with a midday break, according to Japan Exchange Group (TYO:8697).
On the US election front, a Kamala Harris win could lift Japan's yen, while a Donald Trump victory might boost Tokyo shares and further weaken the currency. Japan's markets are in focus as votes are tallied, particularly the dollar-yen currency pair during Asian hours.
In earnings, Nippon Sanso Holdings (TYO:4091) reported a 1.3% rise in first-half profit to 49.19 billion yen, helped by the yen's decline. EPS rose to 113.65 yen, and revenue climbed 5% to 643.05 billion yen.
Lasertec (TYO:6920) saw quarterly profit jump 16% to 8.93 billion yen, aided by cost cuts amid weaker sales. EPS rose to 98.94 yen, with sales down 22.3% to 36.7 billion yen as EV demand softened.
Konami Group (TYO:9766) reported a 35.7% jump in half-year profit to 36.4 billion yen on higher sales. EPS rose to 268.53 yen, with revenue up nearly 20% to 184.1 billion yen.

Sumber : MT Newswires