Nikkei started 466 yen lower, with the possibility of life insurers returning to yen bonds, and cautious foreign bond investments - investment plans are announced from this week onwards.
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Market Overview
In today's Tokyo stock market, the Nikkei stock average started at 39,056.93 yen, down 466.62 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) began at 2,732.29, down 27.35 points.
Market Overview
In today's Tokyo stock market, the Nikkei stock average started at 39,056.93 yen, down 466.62 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) began at 2,732.29, down 27.35 points.
Top news of individual stocks
The likelihood of the life insurance industry returning to yen bonds, while being cautious about foreign bond investments, will be revealed in investment plans starting this week.
Following the end of the Bank of Japan's negative interest rate policy, it is highly possible that life insurance companies will increase their shareholding of Japanese government bonds in the fiscal year 2024. As financial policy normalizes cautiously, investment in ultra-long-term bonds is expected to continue during a rising interest rate phase. On the other hand, there is a possibility of increasing open foreign bonds while managing exchange rate risks.
The yen is trading in the lower 153 yen range against the dollar, with nervous movements due to uncertainty surrounding the Middle East situation.
In the Tokyo foreign exchange market on the 15th, the yen exchange rate was around 153 yen to the dollar. Following Iran's attack on Israel over the weekend, there was early morning trading with a lead in risk-averse yen buying. The market is entering a phase of assessing the situation in the Middle East, with nervous developments expected, while if the view of de-escalation strengthens, the yen is likely to weaken.
Investors are still preferring Indian stocks even at a premium, with Japanese value stocks also being popular - MLIv survey.
The ability of India to link economic growth to corporate profits makes the country a more promising investment destination for investors compared to Japan and China as shown in the latest Bloomberg MLIv Pulse survey.
Astellas Pharma - Sell orders, operating profit for the previous period revised downwards, reflecting impairment of intangible assets.
$Astellas Pharma (4503.JP)$Selling pressure. The company announced on the 12th that it would downwardly revise its consolidated operating profit forecast for the 24.3rd fiscal year from the previous 83 billion yen to 13 billion yen (a decrease of 90.2% from the previous year) under IFRS. The market consensus was 93.5 billion yen.
The likelihood of the life insurance industry returning to yen bonds, while being cautious about foreign bond investments, will be revealed in investment plans starting this week.
Following the end of the Bank of Japan's negative interest rate policy, it is highly possible that life insurance companies will increase their shareholding of Japanese government bonds in the fiscal year 2024. As financial policy normalizes cautiously, investment in ultra-long-term bonds is expected to continue during a rising interest rate phase. On the other hand, there is a possibility of increasing open foreign bonds while managing exchange rate risks.
The yen is trading in the lower 153 yen range against the dollar, with nervous movements due to uncertainty surrounding the Middle East situation.
In the Tokyo foreign exchange market on the 15th, the yen exchange rate was around 153 yen to the dollar. Following Iran's attack on Israel over the weekend, there was early morning trading with a lead in risk-averse yen buying. The market is entering a phase of assessing the situation in the Middle East, with nervous developments expected, while if the view of de-escalation strengthens, the yen is likely to weaken.
Investors are still preferring Indian stocks even at a premium, with Japanese value stocks also being popular - MLIv survey.
The ability of India to link economic growth to corporate profits makes the country a more promising investment destination for investors compared to Japan and China as shown in the latest Bloomberg MLIv Pulse survey.
Astellas Pharma - Sell orders, operating profit for the previous period revised downwards, reflecting impairment of intangible assets.
$Astellas Pharma (4503.JP)$Selling pressure. The company announced on the 12th that it would downwardly revise its consolidated operating profit forecast for the 24.3rd fiscal year from the previous 83 billion yen to 13 billion yen (a decrease of 90.2% from the previous year) under IFRS. The market consensus was 93.5 billion yen.
Laser Tech, Socionext, and other semiconductor leaders are trading lower, with selling pressure spreading following a sharp drop in the SOX index.
$Lasertec (6920.JP)$、 $Tokyo Electron (8035.JP)$Including major semiconductor manufacturing equipment stocks, $Socionext (6526.JP)$、 $Renesas Electronics (6723.JP)$Selling is noticeable in a wide range of semiconductor-related stocks.
$Lasertec (6920.JP)$、 $Tokyo Electron (8035.JP)$Including major semiconductor manufacturing equipment stocks, $Socionext (6526.JP)$、 $Renesas Electronics (6723.JP)$Selling is noticeable in a wide range of semiconductor-related stocks.
Kajima, responsible for the Rapidus factory construction, expresses confidence in the completion according to plan - gaining experience in Kumamoto.
Major general contractors $Kajima (1812.JP)$The company is strengthening its presence in the field of semiconductors. The company is currently working on the construction of the Rapidus factory (Chitose City, Hokkaido) aiming for mass production of next-generation semiconductors, and so far no problems have arisen, showing confidence in completing the project as planned.
Major general contractors $Kajima (1812.JP)$The company is strengthening its presence in the field of semiconductors. The company is currently working on the construction of the Rapidus factory (Chitose City, Hokkaido) aiming for mass production of next-generation semiconductors, and so far no problems have arisen, showing confidence in completing the project as planned.
Source: Bloomberg, Traders Web, MINKABU
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kiyo01227 : Um... 154 yen seems like it's going to go so easily, isn't it dangerous