The Nikkei Average fell sharply, semiconductor-related matters such as the Start Ad Test fell across the board, and the SOX index plummeted and profit-taking pressure intensified
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Market Overview
Today's Nikkei Stock Average began at 31840.91 yen, 446.30 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 22.90 points to 2263.69.
Market Overview
Today's Nikkei Stock Average began at 31840.91 yen, 446.30 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 22.90 points to 2263.69.
Top news
Prices in the metropolitan area rose 2.8% in August and contracted due to lower electricity bills
The consumer price index (mid-term preliminary value, 2020 = 100) for the Tokyo metropolitan area announced on the 25th by the Ministry of Internal Affairs and Communications rose 2.8% from the same month last year to 105.3, excluding fresh food that fluctuates greatly. Growth has shrunk for the second month in a row. The decline in energy prices, such as electricity and gas bills, has depressed the overall situation.
The Japanese stock market is wary of Bank of Japan policy revisions due to exchange rates and is not happy to let go even if the yen depreciates
Since Bank of Japan Governor Ueda Kazuo cited exchange rate fluctuations as the reason for policy revisions at the July monetary policy meeting, Japanese stock investors have let go of the depreciation of the yen and are becoming unhappy. Since the TSE stock price index (TOPIX) hit a high for the first time in 33 years on August 1, heavy developments in the upper price have continued. For Japanese stocks, which have many export-related stocks, including the electronics, automobile, and machinery sectors, the depreciation of the yen tends to easily lead to purchases expecting an improvement in corporate performance, but recently stock prices have been gradually sluggish as the depreciation of the yen progresses.
Fisheries industry, unquenchable reputational concerns have already been realized, and voices of “exports cut in half” - treated water released
The release of treated water from TEPCO's Fukushima Daiichi Nuclear Power Plant into the ocean began on the 24th. The government is poised to do everything possible to dispel the anxiety of fishermen and consumers, and to support the expansion of consumption of fishery products produced in Fukushima prefecture. However, concerns about reputational damage have not been erased, and there have been a series of voices complaining of actual harm, such as “exports have been cut in half” (nori dealers).
Semiconductor manufacturing equipment related products such as ToElec and Ad Test are being sold, and the SOX index falls sharply and profit-taking pressure intensifies
$Tokyo Electron (8035.JP)$、 $Lasertec (6920.JP)$、 $Advantest (6857.JP)$、 $Disco (6146.JP)$Major stocks of semiconductor manufacturing equipment such as these have declined across the board. The day before was a major US semiconductor company $NVIDIA (NVDA.US)$In response to the announcement of good financial results, the same related stocks were bought at a simultaneous high price, but in the US stock market the day before $Intel (INTC.US)$Ya $Applied Materials (AMAT.US)$In addition to being sold at a drastically low price, NVIDIA, which had skyrocketed outside of hours, also remained a slight plus.
Prices in the metropolitan area rose 2.8% in August and contracted due to lower electricity bills
The consumer price index (mid-term preliminary value, 2020 = 100) for the Tokyo metropolitan area announced on the 25th by the Ministry of Internal Affairs and Communications rose 2.8% from the same month last year to 105.3, excluding fresh food that fluctuates greatly. Growth has shrunk for the second month in a row. The decline in energy prices, such as electricity and gas bills, has depressed the overall situation.
The Japanese stock market is wary of Bank of Japan policy revisions due to exchange rates and is not happy to let go even if the yen depreciates
Since Bank of Japan Governor Ueda Kazuo cited exchange rate fluctuations as the reason for policy revisions at the July monetary policy meeting, Japanese stock investors have let go of the depreciation of the yen and are becoming unhappy. Since the TSE stock price index (TOPIX) hit a high for the first time in 33 years on August 1, heavy developments in the upper price have continued. For Japanese stocks, which have many export-related stocks, including the electronics, automobile, and machinery sectors, the depreciation of the yen tends to easily lead to purchases expecting an improvement in corporate performance, but recently stock prices have been gradually sluggish as the depreciation of the yen progresses.
Fisheries industry, unquenchable reputational concerns have already been realized, and voices of “exports cut in half” - treated water released
The release of treated water from TEPCO's Fukushima Daiichi Nuclear Power Plant into the ocean began on the 24th. The government is poised to do everything possible to dispel the anxiety of fishermen and consumers, and to support the expansion of consumption of fishery products produced in Fukushima prefecture. However, concerns about reputational damage have not been erased, and there have been a series of voices complaining of actual harm, such as “exports have been cut in half” (nori dealers).
Semiconductor manufacturing equipment related products such as ToElec and Ad Test are being sold, and the SOX index falls sharply and profit-taking pressure intensifies
$Tokyo Electron (8035.JP)$、 $Lasertec (6920.JP)$、 $Advantest (6857.JP)$、 $Disco (6146.JP)$Major stocks of semiconductor manufacturing equipment such as these have declined across the board. The day before was a major US semiconductor company $NVIDIA (NVDA.US)$In response to the announcement of good financial results, the same related stocks were bought at a simultaneous high price, but in the US stock market the day before $Intel (INTC.US)$Ya $Applied Materials (AMAT.US)$In addition to being sold at a drastically low price, NVIDIA, which had skyrocketed outside of hours, also remained a slight plus.
9 companies, including NVIDIA and Amazon, invest in AI development
American hugging face, an artificial intelligence (AI) development startup, is on the 24th in the US $NVIDIA (NVDA.US)$and rice $Amazon (AMZN.US)$It was announced that they had raised 235 million dollars (about 34 billion yen) from 9 companies, etc. The unusual carpooling investment by major US companies in the technology and semiconductor fields symbolizes the excitement of AI investment.
ITOCHU issues credit cards and accumulates foreign currency with points
$ITOCHU (8001.JP)$is starting a service that allows you to accumulate and invest in foreign currency with credit card points. Points of 2 to 3% of the usage amount are returned, and 1 point can be invested starting at 100 yen as 1 yen. According to the company, a similar service is the first in Japan. Since it is possible to invest from a small amount without using cash, we will develop demand from people with no investment experience and investment beginners, mainly young people.
Toshiba Considers Collaboration with 11 Emerging Companies
$Toshiba (6502.JP)$It was announced on the 24th that it will consider collaborating with 11 startup companies that handle quantum technology, software development, etc. Toshiba held an innovation program aimed at creating new businesses from April to May for startups. We aim to develop new services and technologies by partnering with companies selected from the program.
Sony acquires high-end headphone manufacturer, aiming to improve PS sound experience
$Sony Group (6758.JP)$Sony Interactive Entertainment, which is under its umbrella, will acquire Audiophile equipment manufacturer Audiogy in order to improve the sound experience of home game console “PlayStation (PS)” products.
President Isuzu Minami “Electric Vehicle Expansion in '27” with EVs and FCVs in all directions
$Isuzu Motors (7202.JP)$President Minami Shinsuke of expressed the idea that the lineup of electric vehicles will be expanded by 2027. President Minami said about electrification, “I don't think all commercial vehicles can be made with electric vehicles (EVs),” and the policy is to develop in all directions, including fuel cell vehicles (FCVs)
Sumitomo Mitsui Bank to convert 60% of new stores by fiscal year 25, making business hours flexible
$Sumitomo Mitsui Financial Group (8316.JP)$Sumitomo Mitsui Banking Corporation, which is under its umbrella, will convert over 250 stores, which is 60% of all stores, to new stores called “stores” by 2025. Set business hours flexibly, including weekends and evenings. It will be moved to commercial facilities, etc., and costs for store operations etc. will be reduced by 28 billion yen per year after 3 years.
Generative AI will be the key to “mutual operation” with overseas rules and guidelines by the end of the year
The government has compiled draft action guidelines for companies in order to formulate international rules for generative AI (artificial intelligence) that creates sentences and images like humans. Asking related companies for information on design and development is a pillar. It was shown at the G7 (7 major countries) ministerial-level meeting in September, and the aim is to reflect it in an agreement document that will be settled by the end of the year. Will the development and use of generative AI progress, leading to improvements in productivity and competitiveness?
Oriental Land CEO included in Tokyo Disney expansion
$Oriental Land (4661.JP)$Takano Yumiko, who took office as the chairman and chief executive officer (CEO) of (OLC) in June, responded to the interview on the 24th and answered “I think there are still various possibilities for expansion” about Tokyo Disney Resort, and further expansion was included.
NEC, US Biotech Startup and New Company
$NEC (6701.JP)$It was announced on the 24th that it has established a joint investment company with the US biotechnology startup Boston Gene Corporation and Japan Industrial Partners (JIP). Boston Gene's service, which examines patients' cancer cells and blood and presents more suitable treatments, will be provided within Japan through the new company.
-MOOMOO News Sherry
Distributors: Jiji Press, Bloomberg, Nihon Keizai Shimbun, Traders Web, MINKABU
American hugging face, an artificial intelligence (AI) development startup, is on the 24th in the US $NVIDIA (NVDA.US)$and rice $Amazon (AMZN.US)$It was announced that they had raised 235 million dollars (about 34 billion yen) from 9 companies, etc. The unusual carpooling investment by major US companies in the technology and semiconductor fields symbolizes the excitement of AI investment.
ITOCHU issues credit cards and accumulates foreign currency with points
$ITOCHU (8001.JP)$is starting a service that allows you to accumulate and invest in foreign currency with credit card points. Points of 2 to 3% of the usage amount are returned, and 1 point can be invested starting at 100 yen as 1 yen. According to the company, a similar service is the first in Japan. Since it is possible to invest from a small amount without using cash, we will develop demand from people with no investment experience and investment beginners, mainly young people.
Toshiba Considers Collaboration with 11 Emerging Companies
$Toshiba (6502.JP)$It was announced on the 24th that it will consider collaborating with 11 startup companies that handle quantum technology, software development, etc. Toshiba held an innovation program aimed at creating new businesses from April to May for startups. We aim to develop new services and technologies by partnering with companies selected from the program.
Sony acquires high-end headphone manufacturer, aiming to improve PS sound experience
$Sony Group (6758.JP)$Sony Interactive Entertainment, which is under its umbrella, will acquire Audiophile equipment manufacturer Audiogy in order to improve the sound experience of home game console “PlayStation (PS)” products.
President Isuzu Minami “Electric Vehicle Expansion in '27” with EVs and FCVs in all directions
$Isuzu Motors (7202.JP)$President Minami Shinsuke of expressed the idea that the lineup of electric vehicles will be expanded by 2027. President Minami said about electrification, “I don't think all commercial vehicles can be made with electric vehicles (EVs),” and the policy is to develop in all directions, including fuel cell vehicles (FCVs)
Sumitomo Mitsui Bank to convert 60% of new stores by fiscal year 25, making business hours flexible
$Sumitomo Mitsui Financial Group (8316.JP)$Sumitomo Mitsui Banking Corporation, which is under its umbrella, will convert over 250 stores, which is 60% of all stores, to new stores called “stores” by 2025. Set business hours flexibly, including weekends and evenings. It will be moved to commercial facilities, etc., and costs for store operations etc. will be reduced by 28 billion yen per year after 3 years.
Generative AI will be the key to “mutual operation” with overseas rules and guidelines by the end of the year
The government has compiled draft action guidelines for companies in order to formulate international rules for generative AI (artificial intelligence) that creates sentences and images like humans. Asking related companies for information on design and development is a pillar. It was shown at the G7 (7 major countries) ministerial-level meeting in September, and the aim is to reflect it in an agreement document that will be settled by the end of the year. Will the development and use of generative AI progress, leading to improvements in productivity and competitiveness?
Oriental Land CEO included in Tokyo Disney expansion
$Oriental Land (4661.JP)$Takano Yumiko, who took office as the chairman and chief executive officer (CEO) of (OLC) in June, responded to the interview on the 24th and answered “I think there are still various possibilities for expansion” about Tokyo Disney Resort, and further expansion was included.
NEC, US Biotech Startup and New Company
$NEC (6701.JP)$It was announced on the 24th that it has established a joint investment company with the US biotechnology startup Boston Gene Corporation and Japan Industrial Partners (JIP). Boston Gene's service, which examines patients' cancer cells and blood and presents more suitable treatments, will be provided within Japan through the new company.
-MOOMOO News Sherry
Distributors: Jiji Press, Bloomberg, Nihon Keizai Shimbun, Traders Web, MINKABU
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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