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The morning Nikkei average rebounded, with expectations of US semiconductor regulations triggering buying interest.
In the morning session of the Tokyo stock market, the Nikkei average rebounded to 38,295.13, up 160.16 yen from the previous trading day. Initially trading lower due to a decline in US stocks, the excessive caution stemming from speculation about US semiconductor regulations under the Biden administration eased, leading to induced buying.
The Nikkei average opened 199 yen lower and then expanded its decline to around 330 yen lower, down to 37,801.62 yen temporarily. Anticipation of the US market's decline in tech stocks led to selling pressure, pushing down domestic related stocks and the index. However, it quickly rebounded below the psychological milestone of 38,000 yen and transitioned to trading around that milestone.
The Nikkei average opened 199 yen lower and then expanded its decline to around 330 yen lower, down to 37,801.62 yen temporarily. Anticipation of the US market's decline in tech stocks led to selling pressure, pushing down domestic related stocks and the index. However, it quickly rebounded below the psychological milestone of 38,000 yen and transitioned to trading around that milestone.
<11:32> The morning Nikkei average rebounded, with expectations for US semiconductor regulations triggering buying.
In the morning session of the Tokyo stock market, the Nikkei average rebounded to 38,295.13, up 160.16 yen from the previous trading day. Initially trading lower due to a decline in US stocks, the excessive caution stemming from speculation about US semiconductor regulations under the Biden administration eased, leading to induced buying.
In the morning session of the Tokyo stock market, the Nikkei average rebounded to 38,295.13, up 160.16 yen from the previous trading day. Initially trading lower due to a decline in US stocks, the excessive caution stemming from speculation about US semiconductor regulations under the Biden administration eased, leading to induced buying.
Japanese stocks turned higher, with semiconductor-related stocks surging - potential leniency in US regulations towards ChinaNovember 28, 2024 11:44 JST (excerpt).
On the 28th, the Tokyo stock market turned higher. There is a possibility that the additional regulations on Chinese-made semiconductors by the USA will not be as strict as previously expected, causing stocks of semiconductor manufacturing equipment companies such as Tokyo Electron Ltd. unsponsored ADR and KOKUSAI ELECTRIC to surge across the board.
However, the ongoing risk of yen appreciation due to expectations of narrowing the yield spread between Japan and the USA, as well as the uncertainty surrounding Trump's next presidency policies, including tariffs, remains strong, limiting the rebound strength of major stock indices.
On the 28th, the Tokyo stock market turned higher. There is a possibility that the additional regulations on Chinese-made semiconductors by the USA will not be as strict as previously expected, causing stocks of semiconductor manufacturing equipment companies such as Tokyo Electron Ltd. unsponsored ADR and KOKUSAI ELECTRIC to surge across the board.
However, the ongoing risk of yen appreciation due to expectations of narrowing the yield spread between Japan and the USA, as well as the uncertainty surrounding Trump's next presidency policies, including tariffs, remains strong, limiting the rebound strength of major stock indices.
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