Japanese Market Edging Up In Choppy Trading
TOKYO (dpa-AFX) - The Japanese stock market is edging up in choppy trading on Wednesday, after the benchmark Nikkei index treaded above the 29,200 level earlier, following positive lead overnight from Wall Street.
The benchmark Nikkei 225 Index is gaining 7.28 points or 0.03 percent to 29,035.22, after touching a high of 29,233.47 in early trades. Japanese stocks closed higher on Tuesday.
Market heavyweight SoftBank Group is declining almost 2 percent and Uniqlo operator Fast Retailing is down more than 1 percent. Among automakers, Honda is losing almost 2 percent, while Toyota is edging down 0.2 percent.
In the tech space, Tokyo Electron is edging up 0.1 percent, Advantest is up more than 1 percent and Screen Holdings is adding almost 1 percent. In the banking sector, Sumitomo Mitsui Financial is adding more than 1 percent, while Mitsubishi UFJ Financial is losing almost 1 percent.
I Don t Subscribe to the Idea of Buying Zuora Right Now The charts and indicators of Zuora are not convincing the bulls. Stocks quotes in this article: ZUO
Zuora Inc. (ZUO) is in the business of automating your subscription business. With the explosion in e-commerce and the internet of things, I would think a company like ZUO would be in strong demand.
We looked at ZUO back on Sept. 2 ahead of an earnings release. We wrote that I have no special knowledge of the earnings for ZUO, but traders are buying shares more aggressively. The $22 area is our initial price objective.
Cathay Pacific, Hong Kong's flagship airline, burned tons of cash in 2020 to produce a record loss for the year, in part because flight crews have had to spend a couple weeks in quarantine each time they fly; the airline holds out hope a Chinese "vaccine passport" experiment works.
Shares of GameStop jumped before the bell on Wednesday, setting the videogame retailer on track for its longest streak of daily gains in six months and extending a rally that has already doubled the company's market value.