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Tag: Nikkei

Asian Stock Market are Up, Japan’s Nikkei Strengthens
Market

Asian Stock Market are Up, Japan’s Nikkei Strengthens

TOKYO, 11th Jan 2023 – Asian shares were mostly higher on Wednesday off a rally on Wall Street that came ahead after the weaker yen also boosted buying sentiment in Japan, as the country’s exporters earn more when foreign profits are converted into yen. Japan’s benchmark Nikkei 225 NIK, +0.99% rose 1% in morning trading. Australia’s S&P/ASX 200 XJO, +0.95% gained about 1% and South Korea’s Kospi 180721, +0.17% gained about 0.2%. Hong Kong’s Hang Seng HSI, +1.02% climbed 1%, while the Shanghai Composite SHCOMP, +0.20% rose 0.2%. Benchmark indices in Taiwan Y9999 fell -0.34%, Malaysia FBMKLCI, +0.10% and Indonesia JAKIDX, -0.48%, while Singapore STI stocks gained +0.30%. Shares of Fast Retailing Co. 9983, +1.23%, which operates popular Japanese clothing retailer Uniqlo, rose 1.4% ...
Japanese Media Platform Nikkei acquired online media Deal Street Asia
ACQUISITION

Japanese Media Platform Nikkei acquired online media Deal Street Asia

TOKYO-- Japanese media platform Nikkei acquires a majority stake in DealStreetAsia, a Singapore-based online media startup. As per the press release, Deal street asia focus on corporate investment activity in Southeast Asia and India. The deal will enable the Japanese media group to deepen its coverage of the fast-growing Asian startup ecosystem and tech industries, Nikkei said in a news release.  The terms of the transaction were not disclosed.  Nikkei bought DealStreetAsia shares from existing investors SPH Ventures, North Base Media, Alpha JWC, K2 VC and SGAN, as well as from angel investors such as Paytm CEO and founder Vijay Shekhar Sharma and prominent American investor Jim Rogers. Indian business daily Mint, published by the Hindustan Times, will remain a min...