Toyota Motor shares rose for the third straight day, reaching ¥3,243. Expectations are growing that the yen’s weakening trend against other currencies will improve earnings.
The Nikkei average traded slightly lower on the 1st, although buying returned in the afternoon and pushed it back into positive territory at one point. The Nasdaq in the US fell for a second straight session, while higher oil prices and rising long-term interest rates weighed on investor sentiment. The yen traded in the upper ¥159 range per dollar, and automaker shares rose across the board.
The second paragraph reports that Toyota Motor rose ¥87 to ¥3,243, extending its gains for a third straight day. Expectations for improved earnings are said to be rising as the yen continues to trend weaker, and the target price at a major domestic brokerage changed from the previous ¥3,500 to ¥3,600.
The third paragraph also reports on developments at ティアフォー, an autonomous-driving software developer. Its shares showed little movement after the open, then rebounded toward the end of the session and closed higher.