Nikkei average starts with a drop of 646 yen, affected by the sharp decline in Nvidia shares
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Market Overview
The Nikkei Stock Average on the Tokyo Stock Market today started at 38,039.91 yen, down 646.40 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) rose 130.87 points to 2,864.14.
The Nikkei Stock Average on the Tokyo Stock Market today started at 38,039.91 yen, down 646.40 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) rose 130.87 points to 2,864.14.
Top News
Semiconductor-related stocks, including Advantest, have all fallen, following Nvidia's sharp decline the previous day.
USA $NVIDIA (NVDA.US)$fell 9.5% on the 3rd, resulting in a loss of $278.9 billion (about 40 trillion 546 billion yen). Companies like Nvidia's trading partners $Advantest (6857.JP)$and $Tokyo Electron (8035.JP)$and other related stocks have all fallen.
Semiconductor-related stocks, including Advantest, have all fallen, following Nvidia's sharp decline the previous day.
USA $NVIDIA (NVDA.US)$fell 9.5% on the 3rd, resulting in a loss of $278.9 billion (about 40 trillion 546 billion yen). Companies like Nvidia's trading partners $Advantest (6857.JP)$and $Tokyo Electron (8035.JP)$and other related stocks have all fallen.
Fuji Soft has a buying sentiment, following KKR's proposal for privatization, Bain also proposes privatization.
$FUJI Soft (9749.JP)$On the 3rd, in response to reports that Bain Capital, a US investment fund, has proposed going private with a total of 600 billion yen, recognizing the non-binding nature of the proposal to go private. Fuji Soft has agreed to a takeover proposal of approximately 560 billion yen from the US investment fund KKR. The company stated that if it receives a legally binding proposal from Bain, it plans to carefully consider it, including a comparison with the proposal from KKR.
$FUJI Soft (9749.JP)$On the 3rd, in response to reports that Bain Capital, a US investment fund, has proposed going private with a total of 600 billion yen, recognizing the non-binding nature of the proposal to go private. Fuji Soft has agreed to a takeover proposal of approximately 560 billion yen from the US investment fund KKR. The company stated that if it receives a legally binding proposal from Bain, it plans to carefully consider it, including a comparison with the proposal from KKR.
Japan Display declines, as Apple is reported to be ending its use of LCD panels in smartphones.
Nikkei reported on the 3rd that $Apple (AAPL.US)$it has been revealed that all smart phones "iPhone" released by Apple after 2025 will use OLED panels. $Japan Display (6740.JP)$and $Sharp (6753.JP)$This indicates that Japan Display alone handles LCD panels for smartphones and will disappear from the supply chain.
Nikkei reported on the 3rd that $Apple (AAPL.US)$it has been revealed that all smart phones "iPhone" released by Apple after 2025 will use OLED panels. $Japan Display (6740.JP)$and $Sharp (6753.JP)$This indicates that Japan Display alone handles LCD panels for smartphones and will disappear from the supply chain.
Nitori Holdings is performing well, with a 7.8% increase in same-store sales in August compared to the same month last year.
$Nitori Holdings (9843.JP)$Announced on the 3rd that same-store sales in August increased by 7.8% compared to the same month last year.
$Nitori Holdings (9843.JP)$Announced on the 3rd that same-store sales in August increased by 7.8% compared to the same month last year.
Shiseido Company,Limited Sponsored ADR is cheap. SMBC Nikko Securities downgraded its investment judgment.
SMBC Nikko Securities $Shiseido (4911.JP)$downgraded its investment judgment from outperform to hold and changed the target stock price from 6200 yen to 3800 yen.
SMBC Nikko Securities $Shiseido (4911.JP)$downgraded its investment judgment from outperform to hold and changed the target stock price from 6200 yen to 3800 yen.
Source: Bloomberg, Nihon Keizai Shimbun
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Toshi03 : Nvidia clearly overheated. The future prospects of semiconductors and stock prices are different. On the other hand, japanese semiconductor-related stocks have been affected and fallen, but this is too much of a decline. They are still cheap enough. Therefore, it is expected that Nvidia will continue to decline, while companies like Tokyo Electron will rebound.