In Japan's market conditions, the yen has reversed its decline, while speculation on narrowing interest rate differentials has slightly retreated, and semiconductor stocks have risen.

November 28, 2024 16:02 JST (excerpt)
In the Japanese market on the 28th, the yen against the dollar suddenly fell. There is a reaction from the sharp buying of yen due to expectations of a narrowing interest rate spread between Japan and the United States. Semiconductor-related stocks were bought due to expectations of U.S. government regulations on Chinese semiconductors, leading to a rise in stock prices.

The Tokyo stock market, which had started to fall, turned to rise. There is a possibility that the additional regulations by the USA on Chinese semiconductor products may not be as stringent as previously expected, leading to a sharp rise in semiconductor manufacturing equipment stocks such as Tokyo Electron Ltd. unsponsored adr and KOKUSAI ELECTRIC.