TOKYO, Dec 9 (Reuters) - Japanese shares closed at a near 30-year high on Wednesday, as Britain's COVID-19 vaccine rollout and seeming progress over a U.S. stimulus deal boosted hopes of a swift global economic recovery, while upbeat domestic machinery data also buoyed sentiment.
SoftBank Group Corp 9984.T shares did most of the uplifting in the afternoon trade, jumping as much as 7% on a Bloomberg News report that the conglomerate was considering buying back shares to boost Chief Executive Officer Masayoshi Son's stake. the S&P and Nasdaq indexes notched record highs. .N
Britain on Tuesday became the first Western nation to begin a wide vaccination campaign, and on encouraging COVID-19 vaccine news from Johnson & Johnson (NYSE: JNJ ) JNJ.N and Pfizer Inc (NYSE: PFE ) PFE.N . market sentiment further, data showed Japan's core machinery orders rebounded sharply in October from the previous month's drop. 17.1% jump was the largest month-on-month rise since comparable data became available in 2005, and far exceeded economists' forecast of 2.8% in a Reuters poll.
"The strong data could lead to overall firmness in the manufacturing industry, as core machinery orders are leading indicators for capital spending," said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset Management Co, adding that cyclical machinery and material sectors outperformed.
Tokyo Dome Corp 9681.T slipped 4.4%, after property developer Mitsui Fudosan 8801.T said Oasis Management was willing to tender shares of the ballpark operator to it. Mothers Index .MTHR of start-up firm shares bucked the overall trend to decline 1.39%.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.