Stocks, Foreign Exchange, Interest Rates: The Nikkei average rebounded at the closing, and the dollar rebounded to around 151 yen.
<15:31> The Nikkei average at the closing bell rebounded, with pessimism on Chinese semiconductor regulations receding.
In the Tokyo stock market, the Nikkei average rebounded for the first time in three trading days, closing at 38,349.06 yen, up 214.09 yen from the previous trading day. It started weak due to concerns about the decline in US stocks, but later, semiconductor-related stocks were bought back following some reports, pushing up the Nikkei average. Excessive pessimism regarding Chinese semiconductor regulations eased under the Biden administration.
In the Tokyo stock market, the Nikkei average rebounded for the first time in three trading days, closing at 38,349.06 yen, up 214.09 yen from the previous trading day. It started weak due to concerns about the decline in US stocks, but later, semiconductor-related stocks were bought back following some reports, pushing up the Nikkei average. Excessive pessimism regarding Chinese semiconductor regulations eased under the Biden administration.
At 3 p.m., the dollar/yen is trading at around 151 yen, slightly higher for the dollar and lower for the yen from the late New York market the previous day. With the US holiday approaching, profit-taking on the dollar that had strengthened in the previous overseas markets eased off. Caution was heard in the market about potential volatility in the coming weeks due to successive central bank meetings of major countries.
<15:08> Government bond futures rebounded, long-term interest rate at 1.05%, supported by the decline in US interest rates and BOJ operations.
The central government bond futures of the December contract, closed the trading day at 143.02 yen, up 22 sen from the previous trading day. The decline in US interest rates, strengthening of the yen in the exchange market, and the BOJ operations became supporting factors in the market. The yield on newly issued 10-year government bonds (long-term interest rates) fell by 2.0 basis points to 1.050%.
Government bond futures continued on a firm trend from early morning, following a reduction in US bond yields to 4.261% in the previous day's US market, where US bonds were bought.
The central government bond futures of the December contract, closed the trading day at 143.02 yen, up 22 sen from the previous trading day. The decline in US interest rates, strengthening of the yen in the exchange market, and the BOJ operations became supporting factors in the market. The yield on newly issued 10-year government bonds (long-term interest rates) fell by 2.0 basis points to 1.050%.
Government bond futures continued on a firm trend from early morning, following a reduction in US bond yields to 4.261% in the previous day's US market, where US bonds were bought.
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