Nikkei crosses 36,000 led by tech sector; Mitsui OSK issues profit warning; US Q1 GDP contracts - Wed 30 Apr 2025

Nikkei 225 Summary
Nikkei crosses 36,000 led by tech sector; Mitsui OSK issues profit warning; US Q1 GDP contracts - Wed 30 Apr 2025

Sony Group (+7.13%) leads the charge today as Nikkei crosses the 36,000 mark and Sony considers spinning off its semiconductor unit.

In contrast, shipping firm Mitsui O.S.K. Lines (-10.11%) issues a bleak outlook for the year and expects to see a decline of net profit by 60% for FY2025 due to the ongoing trade war lowering container shipping volumes globally. Mitsui O.S.K. believes that shipping markets have peaked in 2024.  

Meanwhile, Wall Street declines as US Q1 GDP contracts by 0.3% due to a surge in imports from Jan to Mar 2025 for tariff avoidance and reduced spending by the federal government due to job and budget cuts.

Nikkei225  36,045.38 (+205.39 +0.57%) 138 up 82 down 5 flat

JGB 10YR   1.315% (-0.001)            

USD/JPY    142.79 (+0.45 +0.32%)


 

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