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Nikkei average sharply rose at the start, with the highest Dow record in the US Founding family of Seven & I prepares for MBO at a rapid pace Appointment of Mr. Biscent, appointed by Mr. Trump, focuses on stability to weaken the dollar

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moomooニュース日本株 wrote a column · Nov 24 18:19
Nikkei average sharply rose at the start, with the highest Dow record in the US 
 Founding family of Seven & I prepares for MBO at a rapid pace 
 Appointment of...
Good morning to all moomoo users!Opening overview for the morning. Thank you in advance.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 38,679.93 yen, 396.08 yen higher than the previous trading day, while the Tokyo Stock Price Index (TOPIX) started at 2,718.43, up 21.90 points.
Nikkei average sharply rose at the start, with the highest Dow record in the US 
 Founding family of Seven & I prepares for MBO at a rapid pace 
 Appointment of...
Nikkei average sharply rose at the start, with the highest Dow record in the US 
 Founding family of Seven & I prepares for MBO at a rapid pace 
 Appointment of...
Top News
U.S. foreign exchange market summary: Temporarily rose to the 155.00 yen level in response to the favorable U.S. economic market conditions.
On the 22nd, the dollar-yen exchange rate in the New York foreign exchange market closed with the dollar slightly higher and the yen slightly weaker at around 154.78 yen per dollar, approximately 25 yen higher than the previous day. The euro was weaker against the yen, with around 161.24 yen per euro, about 60 yen stronger against the yen. On this day, the U.S. S&P Global released the preliminary value of the November Purchasing Managers' Index (PMI), showing a comprehensive increase of 1.2 points to 55.3 compared to the previous month, reaching the highest level in 2 years and 7 months. Amid the awareness of the resilience of the U.S. economy, the dollar-yen exchange rate temporarily rose to 155.02 yen.
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The market is on alert for the inauguration of the next Trump administration (Donald Trump is scheduled to become the 47th President of the United States on January 20, 2025), preparing for it with apprehension, anticipating his policies, and taking proactive investment actions. This is what's known as the "Trump rally." In 2016, during the first Trump administration, sectors like insurance, securities, and banks were the first to be bought due to fiscal spending, deregulation, and rising interest rates being well-received. What about this time? Companies like American Express, JP Morgan Chase, and Goldman Sachs Group are already being targeted.
Seven & i Holdings is up, with the founding family approaching American funds for participation, aiming to secure acquisition funds, as reported by Nikkei.
$Seven & i Holdings (3382.JP)$Continues to rise. The Nikkei's morning edition on the 24th reported that founders of the company made a buyout proposal, with the founders approaching major investment funds like KKR for participation. According to the article, KKR, as well as Bain Capital, Apollo Global Management, and Blackstone Group from the U.S., have shown interest in participating in the acquisition. The total amount for acquiring all shares of the company is likely to exceed 7 trillion yen, making it difficult to secure acquisition funds with loans from just the three major banks, prompting them to broaden their funding sources.
Source: Trader's Web, FISCO, MINKABU
- moomoo news on individual Japanese stocks Sherry
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