Nikkei average rebounds, rapidly recovering to the 30,000 yen level due to the rapid weakening of the yen.
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Market Overview
In today's Tokyo stock market, the Nikkei Stock Average started at 38,266.79 yen, up 396.53 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,673.59, up 23.09 points.
Market Overview
In today's Tokyo stock market, the Nikkei Stock Average started at 38,266.79 yen, up 396.53 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,673.59, up 23.09 points.
Top News
Nippon Steel's acquisition proposal of United States Steel rejected by arbitration committee against labor union.
US iron & steel major $United States Steel (X.US)$On the 25th, $Nippon Steel (5401.JP)$In the case of opposition by the United Steelworkers (USW) regarding the acquisition plan, the arbitration committee revealed that it made a decision favorable to the company. Nippon Steel invested in US Steel, where the union is formed, and promised in writing to refrain from layoffs and plant closures, thereby meeting the terms of the labor agreement that require the maintenance of allowances and pensions.
Summary of the US foreign exchange market: The widening of the interest rate spread between Japan and the USA is causing the yen to temporarily rise to the 144.80 yen level.
On the 25th, the dollar-yen exchange rate in the New York foreign exchange market closed at around 144.75 yen per dollar, up about 1.50 yen from the previous day, with the dollar strengthening and the yen weakening. Amid strong expectations that the significant rate cut by the Federal Reserve Board (FRB) decided the previous week could help avoid rapid deterioration of the US economy, dollar buying and yen selling, conscious of the widening gap in interest rates between Japan and the US, dominated the market.
Nomura Securities fined 21.76 million yen for market manipulation in JGB futures trading.
The Securities and Exchange Surveillance Commission announced on the 25th that it recommended the Financial Services Agency to order Nomura Securities, suspected of conducting market manipulation through JGB futures trading using its own capital, to pay a fine for violation of the Financial Instruments and Exchange Act. The amount of the fine is 21.76 million yen. $Nomura Holdings (8604.JP)$Nomura Securities under its umbrella was instructed to pay a fine by the Financial Services Agency following the recommendation of the Securities and Exchange Surveillance Commission. The fine amount is 21.76 million yen.
Top central bankers in Japan, the US, and China made statements promoting yen depreciation, with a mixture of persuasive power and surprising elements according to Masaki Ogawa.
At the Federal Open Market Committee (FOMC) meeting on September 19 (Japan time), a 0.5% rate cut was decided. However, despite this, Federal Reserve Board (FRB) Chairman Powell's press conference implied confidence in the US economy rather than a dovish stance, giving the impression that the 0.5% rate cut was not as hesitant as expected.
Source: Various company releases, Bloomberg, Reuters, MINKABU, Dow Jones.
moomoo news of individual stocks Evelyn
Nippon Steel's acquisition proposal of United States Steel rejected by arbitration committee against labor union.
US iron & steel major $United States Steel (X.US)$On the 25th, $Nippon Steel (5401.JP)$In the case of opposition by the United Steelworkers (USW) regarding the acquisition plan, the arbitration committee revealed that it made a decision favorable to the company. Nippon Steel invested in US Steel, where the union is formed, and promised in writing to refrain from layoffs and plant closures, thereby meeting the terms of the labor agreement that require the maintenance of allowances and pensions.
Summary of the US foreign exchange market: The widening of the interest rate spread between Japan and the USA is causing the yen to temporarily rise to the 144.80 yen level.
On the 25th, the dollar-yen exchange rate in the New York foreign exchange market closed at around 144.75 yen per dollar, up about 1.50 yen from the previous day, with the dollar strengthening and the yen weakening. Amid strong expectations that the significant rate cut by the Federal Reserve Board (FRB) decided the previous week could help avoid rapid deterioration of the US economy, dollar buying and yen selling, conscious of the widening gap in interest rates between Japan and the US, dominated the market.
Nomura Securities fined 21.76 million yen for market manipulation in JGB futures trading.
The Securities and Exchange Surveillance Commission announced on the 25th that it recommended the Financial Services Agency to order Nomura Securities, suspected of conducting market manipulation through JGB futures trading using its own capital, to pay a fine for violation of the Financial Instruments and Exchange Act. The amount of the fine is 21.76 million yen. $Nomura Holdings (8604.JP)$Nomura Securities under its umbrella was instructed to pay a fine by the Financial Services Agency following the recommendation of the Securities and Exchange Surveillance Commission. The fine amount is 21.76 million yen.
Top central bankers in Japan, the US, and China made statements promoting yen depreciation, with a mixture of persuasive power and surprising elements according to Masaki Ogawa.
At the Federal Open Market Committee (FOMC) meeting on September 19 (Japan time), a 0.5% rate cut was decided. However, despite this, Federal Reserve Board (FRB) Chairman Powell's press conference implied confidence in the US economy rather than a dovish stance, giving the impression that the 0.5% rate cut was not as hesitant as expected.
Source: Various company releases, Bloomberg, Reuters, MINKABU, Dow Jones.
moomoo news of individual stocks Evelyn
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