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6981 - Murata Manufacturing Co News Story

¥8993 -52.0  -0.6%

Last Trade - 16/04/21

Sector
Industrials
Size
Large Cap
Market Cap £38.38bn
Enterprise Value £37.24bn
Revenue £10.56bn
Position in Universe 19th / 3902

Nikkei ends higher on Wall Street cues; Apple-related shares gain

Wed 16th December, 2020 6:53am
TOKYO, Dec 16 (Reuters) - Japanese shares closed higher on
Wednesday tracking a strong performance by Wall Street
overnight, while Apple-related stocks gained after a report that
the iPhone maker plans to increase its production.
    The Nikkei share average  .N225  climbed 0.26% to 26,757.40.
The broader Topix  .TOPX  gained 0.27% to 1,786.83.
    All but eight of the 33 sector sub-indexes on the Tokyo
exchange ended higher, with paper and pulp  .IPAPR.T ,
nonferrous metals  .INFRO.T  and iron and steel  .ISTEL.T  being
the three top performers on the main bourse.
    Overnight, all three major U.S. stock indexes ended higher,
with the Nasdaq notching a record close, on growing prospects of
more fiscal stimulus and a 5% jump in Apple Inc  AAPL.O .
    The Nikkei business daily reported Apple had asked its
suppliers to increase their production of iPhones by nearly 30%
in the first half of 2021, citing unnamed sources.  urn:newsml:reuters.com:*:nL4N2IV1FC
    Among the largest percentage gainers on the Nikkei index,
Apple supplier Alps Alpine  6770.T  soared 7.14%. 
    TDK Corp  6762.T  climbed 2.25%, while Murata Manufacturing
 6981.T  gained nearly 2.4% before changing course to slip 0.2%.
    Some market participants said investors were in a
wait-and-see mode ahead of the U.S. Federal Reserve's policy
decision  later in the day.
    In its final policy meeting for the year, the U.S. central
bank is expected to keep its key overnight interest rate pinned
near zero and signal it will stay there for years to come.
 urn:newsml:reuters.com:*:nL1N2IU20H
    The stocks that gained the most among the top 30 core Topix
names were Nintendo Co Ltd  7974.T  and Daiichi Sankyo Co Ltd
 4568.T , rising 2.9% and 2.4%, respectively.
    Toa Oil  5008.T  surged more than 20% to a daily-limit high
after Idemitsu Kosan  5019.T  said it would launch a tender
offer for the company. Idemitsu Kosan rose 1.3%.  urn:newsml:reuters.com:*:nFWN2IU13V
    The Mothers Index  .MTHR  of start-up firm shares lost
1.18%, hitting its near one-week low.

 (Reporting by Eimi Yamamitsu; Editing by Subhranshu Sahu and
Uttaresh.V)
 ((eimi.yamamitsu@thomsonreuters.com;))
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