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The Nikkei average starts at a decrease of 155 yen, turning higher after the opening. There is also awareness of the sense of bad news being exhausted in the short term.

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moomooニュース日本株 wrote a column · Oct 28, 2024 08:27
The Nikkei average starts at a decrease of 155 yen, turning higher after the opening. There is also awareness of the sense of bad news being exhausted in the sh...
Good morning to all moomoo users!This morning's opening overview. Thank you.
Market Overview
Today in the Tokyo stock market, the Nikkei Stock Average started at 37,757.95 yen, down 155.97 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) started at 2605.71, down 12.61 points.
Selling dominated the Tokyo market today. Concerns increased over political turmoil following the ruling party's expected loss of a majority in the lower house election held yesterday, acting as a drag on stock prices. Additionally, there is heightened caution towards the US presidential election voting to be held on November 5, which has become a factor restraining buying interest. On the other hand, the Nikkei Average had dropped nearly 2000 yen in the 8 trading days from the day after the lower house election announcement (October 15) to the end of last week. The market seems to have priced in the negative factors, and following the opening, the Nikkei Average turned higher.
The Nikkei average starts at a decrease of 155 yen, turning higher after the opening. There is also awareness of the sense of bad news being exhausted in the sh...
The Nikkei average starts at a decrease of 155 yen, turning higher after the opening. There is also awareness of the sense of bad news being exhausted in the sh...
Top News
Results of the 50th Lower House Election
The ruling coalition of the LDP and Komeito fell below the majority with a total of 215 seats, marking the third lowest voter turnout since the end of the war.
Shares related to semiconductor manufacturing equipment such as Lasertec and Adtech show resilience, with buying on dips observed.
$Lasertec (6920.JP)$ $Advantest (6857.JP)$Amid conflicting views on the strength and weakness in semiconductor manufacturing equipment, the trend is in favor of buying. Following a significant defeat in the previous day's lower house election where the ruling coalition of the LDP and Komeito fell below the majority, there is a strong risk-off sentiment in the overall market due to political uncertainties. However, export sector stocks related to semiconductor manufacturing equipment are less affected by domestic politics.
Tokyo Steel started with a selling indication, feeling discouraged by the downward revision for this fiscal year.
$Tokyo Steel Manufacturing (5423.JP)$Started with a selling indication. After the end of trading on the 25th of last week, they announced a downward revision of sales from 364.0 billion yen to 308.0 billion yen (16.1% decrease from the previous year) for the fiscal year ending March 2025, and a downward revision of net profit from 220.0 billion yen to 165.0 billion yen (41.0% decrease). The dominant sentiment is selling due to this news.
Source: Various company press releases, MINKABU, vroom Bloomberg, FISCO
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  • 182718541 : You won't know until you look at it for a day. It's 10 o'clock and I still don't know.
    Incidentally, it is said that it has already been factored in, but if the backstage also closes due to a rise, if there is a trend of not being swayed by the Japanese political situation, it probably means that politics is not worthy of evaluation.

  • 蝉ふくろう : I don't think it's possible to use up all of this. Rather, the discomfort of the increase today has increased concerns about being sold over a longer period. With a weak yen and stock market decline, it could potentially continue to be in a triple decline.

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