Nikkei average starts to rebound, semiconductor-related stocks are in a conflicting view of strength and weakness pending NVIDIA earnings, Nidec surges as united states super micro computer inc submits plans.
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Market Overview
In today's Tokyo stock market, the Nikkei Stock Average started at 38,396.72 yen, up 175.87 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,703.16, up 11.40 points.
In today's Tokyo stock market, the Nikkei Stock Average started at 38,396.72 yen, up 175.87 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,703.16, up 11.40 points.
The Nikkei average showed a drop of over 400 yen the previous day, making it easy for short-term autonomous buying to be expected, but it is difficult to anticipate aggressive buying movements on the upside. The European stock markets were mixed the previous day, and the U.S. stock markets also lacked direction as the major stock price indices moved in different directions, but both ended up in narrow ranges. In the Tokyo market, there is a mood of cautious observation even now. Here, the unstable movements of the dollar-yen exchange rate and the volatility of U.S. stock index futures movements are likely to create conflicting views of strength and weakness around the previous day's closing price.
Top News
If iron & steel produced outside the United States is not brought into the U.S., a letter to the United States Steel union members.
$Nippon Steel (5401.JP)$On the 19th, Nippon Steel, planning to acquire the U.S. steel giant United States Steel for $14.1 billion (about 2.2 trillion yen), promised the labor union members not to bring steel produced outside the U.S. into the country and emphasized that they will not reduce US Steel's slab production capacity as part of efforts to complete the acquisition.
If iron & steel produced outside the United States is not brought into the U.S., a letter to the United States Steel union members.
$Nippon Steel (5401.JP)$On the 19th, Nippon Steel, planning to acquire the U.S. steel giant United States Steel for $14.1 billion (about 2.2 trillion yen), promised the labor union members not to bring steel produced outside the U.S. into the country and emphasized that they will not reduce US Steel's slab production capacity as part of efforts to complete the acquisition.
Nidec - Soaring. The submission of a plan to maintain listing by Super Micro in the USA leads to a rise.
$Nidec (6594.JP)$Soaring. Super Micro Computer Inc (SMCI) submitted a compliant plan to maintain listing on the Nasdaq on the 18th, which was the reason.
$Nidec (6594.JP)$Soaring. Super Micro Computer Inc (SMCI) submitted a compliant plan to maintain listing on the Nasdaq on the 18th, which was the reason.
Monex Group - Discussions for the acquisition of Trump's media company and virtual currency Backto.
Trump's media company, Trump Media & Technology, is reported to be in the final stage of negotiations for the acquisition of the cryptocurrency trading company Backto. Trump Media's stock price rose by over 16%, and Backto's increase exceeded 162%. Additionally, amid reports of Howard Ratnik, CEO and supporter of virtual currency, emerging as a candidate for the Treasury Secretary in the upcoming Trump administration, there is likely to be increased interest in stocks related to virtual currency (cryptocurrency).
Trump's media company, Trump Media & Technology, is reported to be in the final stage of negotiations for the acquisition of the cryptocurrency trading company Backto. Trump Media's stock price rose by over 16%, and Backto's increase exceeded 162%. Additionally, amid reports of Howard Ratnik, CEO and supporter of virtual currency, emerging as a candidate for the Treasury Secretary in the upcoming Trump administration, there is likely to be increased interest in stocks related to virtual currency (cryptocurrency).
Daikin Industries - Houston Astros, the MLB, to rename stadium to 'Daikin Park'.
Houston Astros of the MLB announced that starting from January 2025, the name of their home stadium in Houston, Texas will be changed to 'Daikin Park'. $Daikin Industries (6367.JP)$The company has obtained naming rights for 15 years. It is the first time a Japanese company has obtained such rights, and it will contribute to improving its recognition in the US market, which accounts for 40% of regional sales in the air conditioning business. The stock price continues its adjustment trend but has been rebounding from the August lows, forming a pennant pattern.
Houston Astros of the MLB announced that starting from January 2025, the name of their home stadium in Houston, Texas will be changed to 'Daikin Park'. $Daikin Industries (6367.JP)$The company has obtained naming rights for 15 years. It is the first time a Japanese company has obtained such rights, and it will contribute to improving its recognition in the US market, which accounts for 40% of regional sales in the air conditioning business. The stock price continues its adjustment trend but has been rebounding from the August lows, forming a pennant pattern.
Morinaga Confectionery - Buying interest. In off-hour purchases, a buyback of up to 4.2 million shares worth 10 billion yen is planned, accounting for 4.68%.
$Morinaga (2201.JP)$There is a buying trend. The company announced on the 18th that it will set a limit of 4.2 million shares and 10 billion yen for the buy-back framework through off-auction purchases.
$Morinaga (2201.JP)$There is a buying trend. The company announced on the 18th that it will set a limit of 4.2 million shares and 10 billion yen for the buy-back framework through off-auction purchases.
Outlook for today: Dollar continues to be strong.
Being conscious of the Trump rally, it is expected that the dollar will continue to strengthen. However, there is a cautious attitude towards buying the dollar at high levels, so the movement is expected to include a certain degree of volatility. Concerns about intervention in the dollar-yen pair could serve as a factor to limit the strength of the dollar and weaken the yen. It is not considered very likely to intervene until it firmly exceeds around 156.75, but it is necessary to be somewhat aware of the possibility.
Related Articles
US foreign exchange market summary: Temporarily rose to the 155.30 yen level due to the retreat of early speculations on the Bank of Japan's additional interest rate hikes.
In the New York foreign exchange market on the 18th, the dollar-yen exchange rate closed trading at around 154.66 yen per dollar, about 35 yen higher than the previous week, showing a dollar strength and yen weakness. The euro was trading at around 163.93 yen per euro, with a euro strength and yen weakness of about 1.30 yen compared to the same period.
Being conscious of the Trump rally, it is expected that the dollar will continue to strengthen. However, there is a cautious attitude towards buying the dollar at high levels, so the movement is expected to include a certain degree of volatility. Concerns about intervention in the dollar-yen pair could serve as a factor to limit the strength of the dollar and weaken the yen. It is not considered very likely to intervene until it firmly exceeds around 156.75, but it is necessary to be somewhat aware of the possibility.
Related Articles
US foreign exchange market summary: Temporarily rose to the 155.30 yen level due to the retreat of early speculations on the Bank of Japan's additional interest rate hikes.
In the New York foreign exchange market on the 18th, the dollar-yen exchange rate closed trading at around 154.66 yen per dollar, about 35 yen higher than the previous week, showing a dollar strength and yen weakness. The euro was trading at around 163.93 yen per euro, with a euro strength and yen weakness of about 1.30 yen compared to the same period.
Next year, there are also voices about a strong yen due to geopolitical factors = NY exchange
As the election year comes to a close and analyst already starting to announce recommended trades for 2025. However, it seems difficult to make bold predictions about the impact of the Trump administration from next year. It is pointed out that geopolitics will become extremely important. It is said that many indications have emerged from the statement issued at last week's APEC summit. Major U.S. securities firms are recommending investments in gold considering the tension in international situations, but the yen, a known safe asset, is also attracting attention as a trading target for next year.
As the election year comes to a close and analyst already starting to announce recommended trades for 2025. However, it seems difficult to make bold predictions about the impact of the Trump administration from next year. It is pointed out that geopolitics will become extremely important. It is said that many indications have emerged from the statement issued at last week's APEC summit. Major U.S. securities firms are recommending investments in gold considering the tension in international situations, but the yen, a known safe asset, is also attracting attention as a trading target for next year.
In the semiconductor manufacturing equipment-related sector such as Disco, there is conflicting views on buying and selling, with mixed strengths and weaknesses as they await Nvidia's earnings report.
$Disco (6146.JP)$、 $Lasertec (6920.JP)$、 $Tokyo Electron (8035.JP)$In the midst of conflicting views on strengths and weaknesses, buying and selling are intertwining around the previous day's closing price. Amid anticipation of the earnings announcement of Nvidia, a major player in image processing semiconductors (GPU) this week, there is still a sense of caution as the company's stock continues to show a sluggish movement. In the Tokyo market, the semiconductor sector may experience significant fluctuations depending on Nvidia's earnings, making it difficult for positions to tilt in one direction for both immediate buying and selling.
$Disco (6146.JP)$、 $Lasertec (6920.JP)$、 $Tokyo Electron (8035.JP)$In the midst of conflicting views on strengths and weaknesses, buying and selling are intertwining around the previous day's closing price. Amid anticipation of the earnings announcement of Nvidia, a major player in image processing semiconductors (GPU) this week, there is still a sense of caution as the company's stock continues to show a sluggish movement. In the Tokyo market, the semiconductor sector may experience significant fluctuations depending on Nvidia's earnings, making it difficult for positions to tilt in one direction for both immediate buying and selling.
Source: Trader's Web, Fisco, MINKABU
- moomoo news on individual Japanese stocks Sherry
- moomoo news on individual Japanese stocks Sherry
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