Tokyo market summary: The Nikkei average fell by 610.92 yen for the third consecutive day, with banking stocks declining across the board for the third consecutive day.
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● The Nikkei average closed at 27,222.04 yen, down 610.92 yen from the previous trading day.
Domestic operating companies are incorporating SVB and other multiple investment trusts, with limited ratios and information disclosure.
Imported wheat will increase by 5.8% from April, with the increase limited due to household considerations.
Bank stocks have been declining for 3 consecutive days, with speculation about the Bank of Japan's policy revision due to the SVB bankruptcy.
Hot Stocks: $Eisai (4523.JP)$, $Japan Post Bank (7182.JP)$, $Mitsubishi Electric (6503.JP)$
moomoo News Japan Stock
Market Summary
The Nikkei Stock Average in the Tokyo Stock Market today closed at 27,222.04 yen, down 610.92 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 1,947.54, down 53.45 points.
● The Nikkei average closed at 27,222.04 yen, down 610.92 yen from the previous trading day.
Domestic operating companies are incorporating SVB and other multiple investment trusts, with limited ratios and information disclosure.
Imported wheat will increase by 5.8% from April, with the increase limited due to household considerations.
Bank stocks have been declining for 3 consecutive days, with speculation about the Bank of Japan's policy revision due to the SVB bankruptcy.
Hot Stocks: $Eisai (4523.JP)$, $Japan Post Bank (7182.JP)$, $Mitsubishi Electric (6503.JP)$
moomoo News Japan Stock
Market Summary
The Nikkei Stock Average in the Tokyo Stock Market today closed at 27,222.04 yen, down 610.92 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 1,947.54, down 53.45 points.
Top News
Domestic asset management companies have disclosed the ownership status of related stocks as major US banks Silicon Valley Bank (SVB) and Signature Bank have gone bankrupt, with SVB and other stocks being included in multiple investment trusts in limited proportions.
In response to the bankruptcy of Silicon Valley Bank (SVB) and Signature Bank in the United States, major domestic asset management companies have successively disclosed the ownership status of related stocks. It has been revealed that the stocks and bonds of both companies are included in multiple investment trusts set and operated by each company, but the ownership ratios remain at a very low level.
Imported wheat to increase by 5.8% from April, limiting the increase to consider household budget.
On the 14th, the Ministry of Agriculture, Forestry and Fisheries announced that the government selling price of imported wheat from April will be increased by an average of 5.8% compared to October 2022 to March 2023. Wheat, which is used as a raw material for bread and noodles, saw a sharp increase in international prices last year due to the Ukrainian crisis, and it was expected to increase by 13.1% using the assumed price revision method. In order to suppress the temporary surge, a calculation method that does not reflect the temporary surge has been adopted, aiming to keep the increase in food prices low.
Bank stocks fall for the third consecutive day, speculation about BOJ policy modification due to SVB bankruptcy.
Bank stocks, including the three major banks and regional banks, have fallen for three consecutive trading days. The aftermath of the bankruptcy of Silicon Valley Bank (SVB) in the US continues. As a result, long-term interest rates have sharply declined, and there are concerns that the Bank of Japan's monetary policy adjustments and other measures will be delayed. It seems that the decline is becoming severe, with expectations of rising interest rates also falling off.
Hot Stocks
Eisai is on the rise, as the U.S. Department of Veterans Affairs has announced the start of insurance coverage for the drug "Leconemab".
$Eisai (4523.JP)$ Eisai is on the rise. The company announced that insurance coverage for the early Alzheimer's disease treatment drug "Leconemab", co-developed with U.S. Biogen <BIIB>, has begun by the Veterans Health Administration (VHA). There seems to have been buying in anticipation of promoting the dissemination of the new drug. Retired veterans who meet the eligibility criteria set by the VHA will now be able to receive prescriptions for Leconemab. Eisai has applied for full approval of Leconemab in the U.S., with a target review completion date set for July 6th of this year.
Yucho Bank is showing some resistance to the decline and has entered a "stabilization operation period" after the offer price was determined at 1,131 yen.
$Japan Post Bank (7182.JP)$ Yucho Bank's decline has slowed down. The decline rate is around 2%. Considering that the stock market industry index for "banking" temporarily fell by over 7%, it is holding firm. After the close of trading on the 13th, Japan Post <6178> announced that it has set the offer price for its subsidiary Yucho Bank shares at 1,131 yen. From the 14th to the 15th, during the "stabilization operation period" that allows the underwriter securities firm to stabilize the stock price, Yucho Bank shares are being offered.
Mitsubishi Electric announced that it has received an order for the next-generation weather satellite "Himawari 10".
$Mitsubishi Electric (6503.JP)$ Mitsubishi Electric announced on the 14th that it has received an order from the Japan Meteorological Agency for the next-generation geostationary meteorological satellite "Himawari 10". It will significantly improve the prediction accuracy of phenomena such as line-shaped rainbands that cause heavy localized rainfall and typhoons by observing the atmosphere three-dimensionally. As the currently operating Himawari 8 and 9 will reach their design lifespan in the fiscal year 2029, Mitsubishi Electric aims to launch the satellite by around fiscal year 2028 and start operating it in fiscal year 2029. This is the fourth consecutive order for a meteorological satellite for Mitsubishi Electric since the "Himawari 7" in 2000. The order amount has not been disclosed.
Source: Nihon Keizai Shimbun, Bloomberg, MINKABU
Domestic asset management companies have disclosed the ownership status of related stocks as major US banks Silicon Valley Bank (SVB) and Signature Bank have gone bankrupt, with SVB and other stocks being included in multiple investment trusts in limited proportions.
In response to the bankruptcy of Silicon Valley Bank (SVB) and Signature Bank in the United States, major domestic asset management companies have successively disclosed the ownership status of related stocks. It has been revealed that the stocks and bonds of both companies are included in multiple investment trusts set and operated by each company, but the ownership ratios remain at a very low level.
Imported wheat to increase by 5.8% from April, limiting the increase to consider household budget.
On the 14th, the Ministry of Agriculture, Forestry and Fisheries announced that the government selling price of imported wheat from April will be increased by an average of 5.8% compared to October 2022 to March 2023. Wheat, which is used as a raw material for bread and noodles, saw a sharp increase in international prices last year due to the Ukrainian crisis, and it was expected to increase by 13.1% using the assumed price revision method. In order to suppress the temporary surge, a calculation method that does not reflect the temporary surge has been adopted, aiming to keep the increase in food prices low.
Bank stocks fall for the third consecutive day, speculation about BOJ policy modification due to SVB bankruptcy.
Bank stocks, including the three major banks and regional banks, have fallen for three consecutive trading days. The aftermath of the bankruptcy of Silicon Valley Bank (SVB) in the US continues. As a result, long-term interest rates have sharply declined, and there are concerns that the Bank of Japan's monetary policy adjustments and other measures will be delayed. It seems that the decline is becoming severe, with expectations of rising interest rates also falling off.
Hot Stocks
Eisai is on the rise, as the U.S. Department of Veterans Affairs has announced the start of insurance coverage for the drug "Leconemab".
$Eisai (4523.JP)$ Eisai is on the rise. The company announced that insurance coverage for the early Alzheimer's disease treatment drug "Leconemab", co-developed with U.S. Biogen <BIIB>, has begun by the Veterans Health Administration (VHA). There seems to have been buying in anticipation of promoting the dissemination of the new drug. Retired veterans who meet the eligibility criteria set by the VHA will now be able to receive prescriptions for Leconemab. Eisai has applied for full approval of Leconemab in the U.S., with a target review completion date set for July 6th of this year.
Yucho Bank is showing some resistance to the decline and has entered a "stabilization operation period" after the offer price was determined at 1,131 yen.
$Japan Post Bank (7182.JP)$ Yucho Bank's decline has slowed down. The decline rate is around 2%. Considering that the stock market industry index for "banking" temporarily fell by over 7%, it is holding firm. After the close of trading on the 13th, Japan Post <6178> announced that it has set the offer price for its subsidiary Yucho Bank shares at 1,131 yen. From the 14th to the 15th, during the "stabilization operation period" that allows the underwriter securities firm to stabilize the stock price, Yucho Bank shares are being offered.
Mitsubishi Electric announced that it has received an order for the next-generation weather satellite "Himawari 10".
$Mitsubishi Electric (6503.JP)$ Mitsubishi Electric announced on the 14th that it has received an order from the Japan Meteorological Agency for the next-generation geostationary meteorological satellite "Himawari 10". It will significantly improve the prediction accuracy of phenomena such as line-shaped rainbands that cause heavy localized rainfall and typhoons by observing the atmosphere three-dimensionally. As the currently operating Himawari 8 and 9 will reach their design lifespan in the fiscal year 2029, Mitsubishi Electric aims to launch the satellite by around fiscal year 2028 and start operating it in fiscal year 2029. This is the fourth consecutive order for a meteorological satellite for Mitsubishi Electric since the "Himawari 7" in 2000. The order amount has not been disclosed.
Source: Nihon Keizai Shimbun, Bloomberg, MINKABU
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