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Japanese stocks have plummeted to the level of a “disaster”! How about the lower price? Will vigilance continue even after the first round of sales

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ビットバレー投資家 wrote a column · Aug 2 03:55
The Tokyo stock exchange rate was hit by a sharp drop on the 2nd. The Nikkei Stock Average compared to the previous day5.81% lowerWhat is TOPIX6.14% lowerIt was a drastic decline, and from the market”It's almost a disaster (disaster/ disaster)There was also a voice saying”. While the exchange rate turned to a strong yen trend, the US economic indicators announced the day before showed concerns about the economic outlook,Accelerate the withdrawal of funds from tech stocksI made it. The decline in the Nikkei Average on a closing price basis was 2,216 yen, making it the second largest in history after 1987/10/20, the day after Black Monday. Since it plummeted at a high price level, the range of decline increased. The target is Japan timeJuly US employment statistics announced at 9:30 p.m. on the 2ndSo, it is being closely watched to see if there is any softening that exceeds market expectations.
Will Nikkei break through the long-term moving average
From the high price of 0.04 million2426.77 yen on the 2nd, most recently on 7/1115% declineThat's what I did. What is the candlestick for 2 days on the chartThe 200-day moving average was broken by a long dark line. Since the underbeard is also very short, the buying pressure is weak,Sales have an overwhelming advantageIt became. It is a situation where long-term investment funds cannot enter due to large fluctuations in exchange rates and stocks. TOPIX also fell more than 10% from the 7/11 high,Entering an adjustment phaseI did it. The Nikkei VI (Volatility Index) rose to 29.44, 34.92% higher than the previous day.
Will it reach the COVID-19 shock level of the recent major crash?
In an interview with the Nihon Keizai Shimbun, a senior trader at T&D Asset Management said, “Right nowI can't find a lower priceit's a situation. Good materials from a few days ago, such as good financial results, have been forgotten and sold,” and a sense of uncertainty spreads.The view that it is oversoldHowever, even if the decline goes round next week, it seems that the sense of caution about falling prices will continue for a while. At the time of the coronavirus shock, which is a major sharp drop in recent years, from the high price of January 17 to the low of March 19, it was double that of the current oneA decline of about 30%I did it. Assuming that it will fall at the same level from the most recent high this time0.02 millionaround 9700 yenIt becomes. (blue horizontal line in the chart below)
Japanese stocks have plummeted to the level of a “disaster”! How about the lower price? Will vigilance continue even after the first round of sales

Nikkei average constituent stocks that fell sharply on 2 days
What was the drastic reduction $Daiwa Securities Group(8601.JP)$ $Screen Holdings(7735.JP)$ $Socionext(6526.JP)$ $SUMCO(3436.JP)$etc. What contributed greatly to TOPIX's decline $Mitsubishi UFJ Financial Group(8306.JP)$ $Hitachi(6501.JP)$ $Sumitomo Mitsui Financial Group(8316.JP)$ $Tokyo Electron(8035.JP)$ $Sony Group(6758.JP)$etc.
Japanese stocks have plummeted to the level of a “disaster”! How about the lower price? Will vigilance continue even after the first round of sales

MooMoo News Kathy
Source: Nihon Keizai Shimbun, Bloomberg, Moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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