Hot stocks: Keyence and Nidec rebounded sharply, and long-term US interest rates fell and they were bought back to high PER

[Tokyo 12th Reuters] - Keyence has rebounded sharply, with about 5% and Nidec about 2%, respectively. In the market, voices are heard that “buybacks of high PER (price-earnings ratio) stocks became dominant in response to a decline in long-term US interest rates” (domestic securities).
KEYENCE's PER is 56 times higher. The fact that long-term US interest rates rose after the US Federal Open Market Committee (FOMC) minutes summary was announced was disgusted, and it had fallen 16% in 3 business days until the day before. Nidec, which has 49 times the PER, had also been sold until the day before, but today, purchases took precedence. The fact that it was reported in the morning edition of the Nihon Keizai Shimbun dated 12th that Nidec would establish a new factory in China and increase production of machine tools that process gears for electric vehicles (EVs), etc., was also viewed as material.
However, in the market, there are also strong voices saying “it is difficult to keep up with the higher prices of high PER stocks while there is an outlook on interest rates” (another domestic securities). Compared to the decline in keyence up to the day before, there is also an acceptance that today's rise is “only within the scope of autonomous backlash” (same). Regarding Nidec, the view was also heard that “the increase in production in China, where the EV market is expected to expand, is more well received, but it seems that growth is sluggish amid high interest rates” (same).