Macquarie Warrants Singapore wrote a post · Sep 30 09:52

❗ 📊 Nikkei225 dives more than 4% on surprise Ishiba win

📉 The Nikkei225 index is down 4.2% this morning to 38.181 as of 910AM, while the Japanese yen surged after the ruling Liberal Democratic Party picked Shigeru Ishiba as their next leader over Sanae Takaichi who was favoured to win

⚡ The yen strengthened more than 1% to as much as 142.8 against the dollar, unwinding several days of declines on speculation over a Takaichi victory

Ishiba, who has served in several senior roles including defense minister, favors ramping up security arrangements in the region, an idea that risks further inflaming tensions with China

❗ Takaichi meanwhile, has been an opponent of Bank of Japan's rate hikes, so his failure to win would have disappointed dovish investors

🔭 Meanwhile, global sentiments may also be dampened today following the escalation of Middle East tensions after Israel’s killing of Hezbollah’s leader, in Beirut. The market may now be waiting to see how Iran will respond

ℹ️ Investors keen to trade the heightened volatility in the Nikkei225 may wish to consider using trending Nikkei225 call warrant MDXW (https://warrants.com.sg/tools/livematrix/MDXW) or put warrant FHRW (https://warrants.com.sg/tools/livematrix/FHRW) Warrant investors can use the Warrant Selector tool (https://warrants.com.sg/tools/selector) to simulate the price returns of the warrants based on their short-term target price of the Nikkei225 December futures.

❗ 📊 Nikkei225 dives more than 4% on surprise Ishiba win

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Macquarie Warrants Singapore is an issuer and market-maker in Macquarie warrants listed on the SGX.

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