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Biden administration to strengthen export controls on AI chips such as NVIDIA's, a realistic view of Trump tariffs, with a dominant dollar buying at 158 yen level.

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moomooニュース米国株 wrote a column · 14 hours ago
Biden administration to strengthen export controls on AI chips such as NVIDIA's, a realistic view of Trump tariffs, with a dominant dollar buying at 158 yen lev...
Dear MOOMOO users, good morning!The key points of this morning's report are here.
●[Tokyo Stock Market Forecast Range] 0.03 million-0.04 million0100 yen (closing price on the 8th was 0.03 million9981 yen06 sen)
●The Biden administration plans to strengthen export controls on AI chips made by NVIDIA and others, according to reports
●US Federal Reserve suggests keeping interest rates steady for the time being = FOMC minutes
●ADP non-farm employment in the US, with an increase of 0.122 million people in December, lower than expected
●President-elect Trump considers declaring a state of national economic emergency to introduce new tariff policies = CNN
●US AMD invests in drug discovery company Absci to expand AI chip sales channels
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Market Overview
Biden administration to strengthen export controls on AI chips such as NVIDIA's, a realistic view of Trump tariffs, with a dominant dollar buying at 158 yen lev...
On the 8th, the US stock market was relatively flat. The Dow Jones Industrial Average rebounded for the first time in three trading days. However, due to the mixed nature of the US employment indicators released on that day, there was no clear direction. Some voices mentioned a wait-and-see mood ahead of the December US employment data over the weekend. The S&P 500 index rebounded, while the Nasdaq Composite Index continued to decline at the close.
Following the mixed results of employment-related indicators, the market was flat after the opening. With December 9th being a national day of mourning for former President Carter and the stock market closed, and ahead of the upcoming employment data release this weekend, adjustment selling took the lead. Furthermore, selling pressure accompanied by the rise in long-term interest rates led to a downturn. The Federal Reserve Board (FRB) revealed the minutes of the Federal Open Market Committee (FOMC) meeting (December session), in which participants indicated a continued robust growth, helping the market stabilize. Towards the end, the Dow recovered into positive territory, while the Nasdaq saw a slight decline, ending the day mixed.
On the 9th, the Tokyo stock market experienced a mix of buying and selling, with a lack of clear direction, and the Nikkei Stock Average may see fluctuation around the previous day's closing price with uncertain trends.
Biden administration to strengthen export controls on AI chips such as NVIDIA's, a realistic view of Trump tariffs, with a dominant dollar buying at 158 yen lev...
Top News
Biden administration to strengthen export regulations on AI chips, including those manufactured by NVIDIA, according to reports.
Bloomberg reported on the 9th that President Biden plans to strengthen export regulations on AI chips, including those produced by NVIDIA, citing sources familiar with the matter. $NVIDIA (NVDA.US)$It was reported that the country and companies are considering restricting the sale of AI semiconductors for data centers by companies such as by country and company. The goal is to focus AI development on friendly countries and align the pace of world companies with US standards.
The Federal Reserve Board (FRB) suggested keeping interest rates unchanged for the time being = Summary of FOMC meeting minutes
On the 8th, the Federal Reserve Board (FRB) released the minutes of the Federal Open Market Committee (FOMC) meeting held on December 17-18, 2024. It was revealed that FRB officials were aware of the risk of inflation overshooting, taking into account factors such as the possibility of the next President Donald Trump introducing tariffs when they decided to cut rates further at the December meeting.
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FRB Waller, outlook supporting further rate cuts
Update - [Indicators Flash Report] US ADP non-farm payroll numbers, with an increase of 0.122 million people in December, falling below Financial Estimates.
According to the December national employment report released by Automatic Data Processing (ADP), a corporate payroll service provider, the number of non-farm payroll employees increased by 0.122 million, falling below the market expectation of 0.139 million increase, with the previous period showing an increase of 0.146 million.
Breaking News: President-elect Trump is considering declaring a state of national economic emergency in order to introduce new tariff policies, according to CNN.
According to sources, President-elect Trump is considering declaring a national economic emergency in order to legally justify a wide range of tariffs. This declaration would allow President Trump to run a new tariff policy using the International Emergency Economic Powers Act (IEEPA), which unilaterally permits the President to manage imports in times of national emergency.
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Mr. Trump requests a suspension of sentence against the gag order regarding hush money to the Supreme Court.
Panama Canal Administrator describes Trump's plan as 'creating confusion.'
On the 8th, Ricaurte Vasquez, Administrator of the Panama Canal Authority, denied Donald Trump's claim that China controls the canal, stating that the President-elect's proposal to apply preferential rates to US vessels would 'cause confusion.' Since winning the presidential election in November last year, Trump has repeatedly proposed that the US take over the management of the Panama Canal from the Panamanian government. On the 7th, he stated, "In fact, China has taken over the canal. China is at both ends of the canal. China is running the Panama Canal."
Dollar buying dominant, USD/JPY temporarily rose to the mid-158 yen level again. Today, reports related to Trump are once again lively in the NY exchange market overview.
With dollar buying dominating, USD/JPY rose again to the mid-158 yen level. Although this level was rejected the previous day, it could not be exceeded. The rise in US bond yields is supporting USD/JPY, but today the yields have paused. However, today the yield on US 20-year bonds temporarily reached the 5% range, the highest since 2023, amid global interest rate pressures due to concerns about inflation. There were also warnings of ominous signs.
US AMD invests in drug discovery company Absci aiming to expand AI chip sales channels.
Top U.S. semiconductor company. $Advanced Micro Devices (AMD.US)$AI drug discovery company Absci (HQ: Washington state) will invest $20 million (about 3.2 billion yen) in NVIDIA. It aims to expand the sale of AI chips in the medical field. This investment is using a PIPE (private investment in public equity) by a listed company. This is the first attempt by NVIDIA to establish a foothold in the life sciences field with AI chips.
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AMD falls, Analysts lower investment rating to 'Hold' = USA individual stock market
Sam Altman, CEO of OpenAI, denies past allegations of sexual assault against his sister
The CEO of OpenAI, Sam Altman, who developed the conversational AI 'Chat GPT', faced a lawsuit from his sister, alleging that he sexually assaulted her for multiple years during her childhood. On the 7th, Altman denied the allegations in a post on 'X' and mentioned that his sister has mental health-related issues.
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Main Market Events
Biden administration to strengthen export controls on AI chips such as NVIDIA's, a realistic view of Trump tariffs, with a dominant dollar buying at 158 yen lev...
Source of information: Dow Jones, MINKABU, Trader's Web, Fisco, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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