Nikkei average sharply fell, burdened by geopolitical risks in the Middle East.
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Here is an overview of the opening this morning. Thank you.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 38,136.20 yen, down 515.77 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,660.09, down 30.69 points.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 38,136.20 yen, down 515.77 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,660.09, down 30.69 points.
Top news of individual stocks
Fumio Kishida's previous cabinet's economic policy direction aims to maintain the basic tone of financial easing.
・Before the surprise victory of Shigeru Ishiba in the Liberal Democratic Party leadership election on Friday, most economists had expected the central bank to raise interest rates further by January next year. Takashi Akasawa, the Minister of Economic Revitalization responsible for economic management, has also called for cautious handling of interest rate hikes, which could pose a headwind for the Bank of Japan as it seeks to normalize its monetary policy.
・Before Shigeru Ishiba surprised victory in the Liberal Democratic Party leadership election on Friday, most economists had expected the central bank to raise interest rates further by January next year. The Bank of Japan has repeatedly emphasized that it will raise rates if the data meets expectations. Japanese stocks plummeted by 4.8% on Monday, marking the largest single-day decline since the crash on August 5th, but the market expects the Bank of Japan to gradually move away from ultra-low interest rate policies, leading to a 1.9% recovery on Tuesday.
Regarding wage increases, Mr. Ishiba argued, "Increasing wages will lead to increased consumption, creating a virtuous cycle that will further increase wages through expanded capital investment, including measures to address labor shortages.
Summary of the U.S. foreign exchange market: Temporarily softened to the 142.90 yen level due to increased Middle East risks.
In the New York foreign exchange market on the 1st, the dollar-yen exchange rate closed at around 143.57 yen per dollar, about 6 yen lower than the previous day. The euro was trading at around 158.90 yen per euro, a moderate euro depreciation and yen appreciation of about 1.00 yen.
Nidec Corporation sponsored ADR to acquire a press machine peripheral equipment manufacturer in Canada.
$Nidec (6594.JP)$On the 1st, Nidec announced the acquisition of three companies, including the press machine peripheral equipment manufacturer "Linear Transfer Automation" in Canada (Ontario) and its related companies. The acquisition amount was not disclosed. Linear Transfer Automation is engaged in the development and manufacturing of equipment for the pre-process of transporting parts materials to the press machine in the sheet metal press process, and the post-process of extracting processed parts. Nidec aims to expand its product lineup through this acquisition, broadening the range of proposals to customers.
Source: Each company's press release, Bloomberg, MINKABU, Jiji Press
moomoo news of individual stocks Evelyn
Fumio Kishida's previous cabinet's economic policy direction aims to maintain the basic tone of financial easing.
・Before the surprise victory of Shigeru Ishiba in the Liberal Democratic Party leadership election on Friday, most economists had expected the central bank to raise interest rates further by January next year. Takashi Akasawa, the Minister of Economic Revitalization responsible for economic management, has also called for cautious handling of interest rate hikes, which could pose a headwind for the Bank of Japan as it seeks to normalize its monetary policy.
・Before Shigeru Ishiba surprised victory in the Liberal Democratic Party leadership election on Friday, most economists had expected the central bank to raise interest rates further by January next year. The Bank of Japan has repeatedly emphasized that it will raise rates if the data meets expectations. Japanese stocks plummeted by 4.8% on Monday, marking the largest single-day decline since the crash on August 5th, but the market expects the Bank of Japan to gradually move away from ultra-low interest rate policies, leading to a 1.9% recovery on Tuesday.
Regarding wage increases, Mr. Ishiba argued, "Increasing wages will lead to increased consumption, creating a virtuous cycle that will further increase wages through expanded capital investment, including measures to address labor shortages.
Summary of the U.S. foreign exchange market: Temporarily softened to the 142.90 yen level due to increased Middle East risks.
In the New York foreign exchange market on the 1st, the dollar-yen exchange rate closed at around 143.57 yen per dollar, about 6 yen lower than the previous day. The euro was trading at around 158.90 yen per euro, a moderate euro depreciation and yen appreciation of about 1.00 yen.
Nidec Corporation sponsored ADR to acquire a press machine peripheral equipment manufacturer in Canada.
$Nidec (6594.JP)$On the 1st, Nidec announced the acquisition of three companies, including the press machine peripheral equipment manufacturer "Linear Transfer Automation" in Canada (Ontario) and its related companies. The acquisition amount was not disclosed. Linear Transfer Automation is engaged in the development and manufacturing of equipment for the pre-process of transporting parts materials to the press machine in the sheet metal press process, and the post-process of extracting processed parts. Nidec aims to expand its product lineup through this acquisition, broadening the range of proposals to customers.
Source: Each company's press release, Bloomberg, MINKABU, Jiji Press
moomoo news of individual stocks Evelyn
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