ADVFN - Advanced Financial Network.
HOME» NYSE » C » CAJ Stock Price » CAJ Stock News

Canon Share News

 Canon, Inc. Stock Price
CAJ Stock Price
 Canon, Inc. Stock Chart
CAJ Stock Chart
 Canon, Inc. Stock News
CAJ Stock News
 Canon, Inc. Company Information
CAJ Company Information
 Canon, Inc. Stock Trades
CAJ Stock Trades

ASIA MARKETS: Nikkei Surges 2.9%, Leading Asia Higher

By Chris Oliver HONG KONG (MarketWatch) -- Most Asian stock indexes ended higher Friday, with shares of resource-related companies advancing on a surge in crude-oil and gold prices. In Japan, robust earnings from Nissan Motor Co. offset investors' worries about the strong yen. Japan's Nikkei Stock Average rose 2.9%, its largest percentage increase since June 3. That followed a 2.2% gain Thursday. Also gaining were Australia's S&P/ASX 200, up 1.2%; China's Shanghai Composite Index, up 1.4%; and Hong Kong's Hang Seng Index, up 1.4%. South Korea's Kospi Composite and New Zealand's NZX-50 both lost 0.2%. Markets in Singapore, India and Malaysia were closed for public holidays. Helping to bolster sentiment in Japan, Nissan (NSANY) released stellar quarterly results and raised its full-year net-profit forecast to 270 billion yen from  ¥150 billion. Shares of the auto maker ended 6% higher. "There were already hopes that the earnings would be good, and the figures turned out even better than expected," said Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management. The broader market's rise sparked a general rebound in auto shares driven by short-term investors, he said. Toyota Motor added 1.9%, while Honda Motor (HMC) gained 4.2%. Response to the Fed Investors' appetite for risky assets was whetted by Thursday's 2% rise in the Dow Jones Industrial Average (DJI). The U.S. blue-chip index reached its highest closing level since September 2008, partly in response to the Federal Reserve's decision Wednesday to launch a second round of quantitative easing, dubbed QE2, aimed at kick-starting the U.S. economy. "There have been large responses [to the Fed's move] in all the relevant markets: yields lower, spreads tighter, stocks stronger, commodities higher and dollar weaker," said Greg Gibbs, currency strategist at RBS in Sydney. Strategists in Asia, however, warned that countries in the region may brace themselves against the influx of money stemming from the Fed's actions. China is likely to tighten monetary policy before the end of the year, Standard Chartered said, as concerns over rising property prices continue to grow. "The leadership still has some way to go in achieving its ultimate objective of stabilizing housing prices, particularly in the face of QE2 in the U.S. and widespread fear of further liquidity inflow," according to a research note from Standard Chartered. Tokyo stocks showed little response to the Bank of Japan's decision to stand pat on its easy monetary policy. Sony Corp. was up 2.7% and Canon Inc. up 3.3%. Bucking Japan's broader market, Resona Holdings Inc. fell 16.3% on a report that it was considering raising several hundred billion yen through a public stock offering. Resona confirmed this after the market closed, putting the figure at up to  ¥600 billion ($7.44 billion). Commodity-related plays rallied across the region, with Zijin Mining up 3.5% and Shandong Gold-Mining up 4% in China; Sumitomo Metal Mining up 6.1% and Inpex up 2.3% in Tokyo; and BHP Billiton up 3.6%, Rio Tinto (RIO) up 4.8% and Woodside up 1.9% in Sydney. Gold soared Thursday, with December futures setting a record intraday high of $1,393.40 in after-hours trading in New York. The rally took a breather in Asia's spot market, as gold recently slipped to $1,384.20 per troy ounce, down $8.70 from its New York close Thursday. In Sydney, Macquarie jumped 3.8%, perhaps taking strength from its U.S. financial peers, although other banks were little changed, with Westpac up less than 0.1%. HSBC Holdings , up 3.1%, led financial firms higher in Hong Kong. The shares were boosted by news that the bank sold its train leasing unit for 2.1 billion pounds ($3.4 billion). Hang Lung Properties fell 6.5% after saying it will raise HK$10.90 billion ($1.41 billion) from a share sale to fund expansion in China. After recent outperformance, auto makers helped pull Seoul down, with Hyundai Motor off 2.4%. Samsung Electronics and LG Display (LPL) both rose, though -- by 1.7% and 0.8%, respectively -- on a report that the two companies had received approval from the Chinese government to set up liquid-crystal-display plants. Elsewhere in the region, Taiwan's Taiex was up 1.1%, while Indonesian shares rose 0.7% and Thai shares added 1%. Philippine shares were off 1.1%. In foreign-exchange markets, the U.S. dollar got some respite as risk appetite improved. Mike Jones, currency strategist at the Bank of New Zealand, said the continuation of the U.S. dollar's slide will depend on the nonfarm payrolls report. "We suspect a weaker number will see markets speculate on QE3, dragging the dollar lower," he said. The outcome of the Bank of Japan's board meeting pushed the yen up briefly against the dollar, but it quickly settled into its earlier narrow range. The euro was buying $1.4217 against the dollar, from $1.4215 late Thursday in New York, and at  ¥114.34 against the yen, from  ¥114.69. The dollar was fetching  ¥80.69, from  ¥80.70. December Nymex crude-oil futures fell 10 cents to $86.39 a barrel on Globex after hitting a new six-month high of $86.83 Thursday. Shri Navaratnam in Singapore contributed to this report.

Stock News for Canon (CAJ)
DateTimeHeadline
06/28/201609:31:00Canon Professional Technology & Support Center Relocating To...
06/24/201608:08:06Canon Solutions America Supports the Fifth Annual Graphic Arts...
06/21/201611:25:00Canon U.S.A. Announces New Video Creator Kits For Aspiring Content...
06/20/201609:30:00Latest Version of imageSPECTRUM Image Management Software Can...
06/15/201609:36:19DMS ink Elevates its Inkjet Capabilities with Installation of...
06/15/201609:24:00Canon Continues Large Format Momentum with Four New Media for...
06/07/201609:46:00Canon Educates & Inspires With New In-Depth Online Learning Program
06/07/201608:36:18Jaffe Book Solutions Inspires Creativity with the Help of Canon...
06/06/201608:36:51Canon Solutions America Participates in the NAEP Annual Meeting
06/01/201609:46:14Century Direct Adopts Cutting-Edge Print Technologies while Expanding...
06/01/201609:08:00Canon U.S.A. Exhibits Wide Range Of Professional Products And...
06/01/201609:07:00Fuller House Star & The View Co-Host Candace Cameron Bure Is...
05/30/201601:40:00Asian Shares Mostly Higher After Yellen Comments
05/17/201612:11:00Canon U.S.A. Helps Empower Young Women Of Girls Inc. With "A...
05/17/201609:48:00Canon Introduces the Océ PlotWave 450 print system designed...
05/17/201609:41:00Canon launches two new large format printing systems with advanced...
05/17/201609:17:34Canon Solutions America to Showcase its Dynamic Suite of Offerings...
05/16/201613:00:00Canon U.S.A. Displays Teleretinal Solution at American Telemedicine...
05/16/201608:42:29BRD Printing Takes its Business to New Heights with the Canon...
05/12/201609:07:24Canon Solutions America Joins Industry Experts at the Confirmit...

Canon and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad