Nikkei average starts with a rebound. During the dissolution and general election period, Japanese stocks are buying, also expecting economic stimulus measures.

Top news of individual stocks
The additional rate hike by the Bank of Japan is centered around January next year, at a pace of once every six months, according to former director Maeda.
According to Bloomberg's report, former Bank of Japan director Hidehiko Maeda (Director General of Chiba Bank Institute) stated in an interview on the 8th that additional rate hikes by the Bank of Japan are expected to focus on the monetary policy decision-making meeting in January 2025 in the latter half of this fiscal year, with a high likelihood of being implemented at a pace of approximately once every six months thereafter.

During the dissolution and general election period, buying of Japanese stocks is a proven strategy with expectations for effective economic measures.
Japanese stocks during the general election period following the dissolution of the House of Representatives are bullish. For over 30 years, the investment strategy which has been foolproof revolves around overseas factors such as the U.S. presidential election and escalating tensions in the Middle East, amidst strong uncertainties, serving as a reliable forecast for market trends maintained by investors.

U.S. Foreign Exchange Market Summary: Temporarily rose to the 148.30 yen level following the rise in U.S. bond yields and U.S. stocks.
In the New York foreign exchange market on the 8th, the dollar-yen exchange rate closed at around 148.20 yen per dollar, showing a dollar rise and yen depreciation of about 2 yen compared to the previous day. The euro was trading at around 162.72 yen per euro, showing a euro rise and yen depreciation of nearly 10 yen.

Adtest hits all-time high since listing, with capital flowing into semiconductor stocks due to high performance in US SOX and sharp rise in Nvidia.
$Advantest (6857.JP)$It hit a new all-time high for the fifth consecutive trading day. In the previous day's US market, the Philadelphia Semiconductor Index (SOX) rose by over 1%. It demonstrated the high energy efficiency of the next-generation AI semiconductor 'Blackwell'. $NVIDIA (NVDA.US)$It surged, becoming a tailwind for semiconductor stocks. In the Tokyo market, there is a prevailing trend of directing funds towards semiconductor stocks.

7&iHD to announce earnings tomorrow, attention on struggling convenience store and corporate value improvement measures.
$Seven & i Holdings (3382.JP)$will announce earnings for the period covering June to August (Q2) on the 10th. Since receiving an acquisition proposal from Canada's Alimentation Couche-Tard Inc., this will be President Ryuichi Izaka's first press conference. The company’s response to the acquisition proposal, the measures to enhance corporate value, and how they will address the underperforming convenience store business will be closely watched.

Honda to catch up with the U.S. and China in EVs with a huge aluminum part revealed for the first time.
$Honda Motor (7267.JP)$unveiled the first large-scale production facility molding car body parts with aluminum. Reducing the number of car body parts to less than one-tenth, contributing to cost savings for electric vehicles (EVs). This will be introduced in the new EV set to be launched in 2026 by Honda. Integrated molding of parts has already been adopted by U.S. and Chinese automakers. $Tesla (TSLA.US)$and Chinese automakers have already implemented the aluminum-based car body parts integration facility, which significantly reduces the number of parts, leading to cost savings for electric vehicles (EVs). Honda plans to introduce this in its new EV model set to launch in 2026. $Mazda Motor (7261.JP)$Is eager for a comeback.

Source: Various company press releases, Nikkei, MINKABU
- moomoo news Evelyn