Nikkei ends higher in choppy trade; utility cos outperform on drop in oil [Reuters]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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Source: Reuters
Nikkei ends higher in choppy trade; utility cos outperform on drop in oil | Reuters 3 Min Read * Power cos surge on reduced cost hopes after oil prices fall * Mining, trading house stocks weaken * Tech shares rebound on short-covering By Ayai Tomisawa TOKYO, Nov 14 (Reuters) - Japan’s Nikkei ended higher in choppy trade on Wednesday as short-covering in electronics component makers and tech shares helped offset weakness in resource stocks dragged down by falling oil prices. The utility subsector rallied on speculation that a drop in oil prices would contribute to lower costs for power companies. The Nikkei share average rose 0.2 percent to 21,846.48, after trading in positive and negative territory during the day. On Tuesday, the Nikkei tumbled to a two-week low, dragged down by the sell-off in tech shares and Apple suppliers. “The market’s major concerns are oil price moves and development in U.S.-China trade war, and these factors will likely determine stocks’ performances for the t
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MFG
Sec Filings
- 2/26/24 - Form 6-K
- 2/22/24 - Form 6-K
- 2/22/24 - Form 6-K
- MFG's page on the SEC website