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Tokyo Market Summary: The Nikkei Average closed 433 yen higher, with overseas short-term investors accelerating their buying.

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moomooニュース日本株 wrote a column · May 31 14:10
Tokyo Market Summary: The Nikkei Average closed 433 yen higher, with overseas short-term investors accelerating their buying.
Hello, Moomoo users!Thank you for your hard work today. The stock market overview for today is as follows. Thank you.
Market Overview
In today's Tokyo stock market, the Nikkei Average stock price closed at 38,487.90 yen, up 433.77 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) ended 46.29 points higher at 2,772.49.
Top News
The Ministry of Finance is set to disclose actual data on the largest ever foreign exchange intervention speculation.
● The Ministry of Finance, neither confirming nor denying the intervention, plans to disclose the total amount of foreign exchange interventions from April 26 to May 29 as a response to market inquiries at 7 p.m.
If the intervention amount exceeds expectations, there is a high chance of becoming a factor in yen depreciation according to BofA Securities. If there is no intervention, the yen is likely to once again test 160 yen, as stated by Monex Securities.
Japan Economic Indicators [Industrial Production (Preliminary Value)]
The preliminary value of the industrial production index for April, announced by the Ministry of Economy, Trade, and Industry, with the base year 2020 set at 100 and seasonally adjusted, was 101.6, a decrease of 0.1% from the previous month. Contrary to private forecasts of an increase, it turned negative for the first time in two months.
Tokyo Market Summary: The Nikkei Average closed 433 yen higher, with overseas short-term investors accelerating their buying.
Tokyo Market Summary: The Nikkei Average closed 433 yen higher, with overseas short-term investors accelerating their buying.
Mitsui & Co. and other real estate stocks have been prominent in their rise, with a pause in the rise of long-term interest rates leading to a buying spree.
$Mitsui Fudosan (8801.JP)$ and $Mitsubishi Estate (8802.JP)$Real estate stocks, which are sectors with a disadvantage from rising interest rates, have all risen, with the 'Real Estate Industry' ranking high in the TSE's sector-specific index.
In the yen bond market, the yield on newly issued 10-year bonds (long-term interest rates) briefly reached 1.1% on the 30th before easing. Following a safe outcome of the 2-year bond auction held on the same day, concerns about bond supply and demand eased, putting upward pressure on bond prices (downward pressure on interest rates).
It seems that the flow of buybacks became dominant for real estate stocks, likely due to the decrease in long-term US interest rates in the US bond market on the same day. $Nomura Real Estate Holdings (3231.JP)$ and $Tokyo Tatemono (8804.JP)$ It is also moving steadily.
TRACE OP significantly rebounded as electricity major power companies are scouting related stocks in light of the increase in electricity charges for July billing by 10 major electricity companies.
$TRaaS On Product (6696.JP)$Significant rebound. Related stocks are being scouted as electricity major power companies announced an increase in electricity charges for July billings (for June usage).
● The price increase is due to the government's subsidy system, implemented as a measure against inflation, ending for the June billings (for May usage). With expectations of increased household energy-saving awareness, companies like TRACE ON PRODUCT, which handles AI electricity reduction solutions, and others dealing with decentralized power sources for apartments, are being bought. $Rezil (176A.JP)$ seem to be bought.
Source: MINKABU, Fisco
- Moomoo Japan Stock Zeber News
Tokyo Market Summary: The Nikkei Average closed 433 yen higher, with overseas short-term investors accelerating their buying.
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