The Nikkei average started at a decrease of 188 yen. The consumer prices in Tokyo's 23 wards rose by 1.8% in October, marking a negative growth for the second consecutive month.
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Here is an overview of the opening this morning. Thank you in advance.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 37,954.78 yen, down 188.51 yen from the previous trading day, with the Tokyo Stock Price Index (TOPIX) starting at 2,624.57, down 11.00 points.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 37,954.78 yen, down 188.51 yen from the previous trading day, with the Tokyo Stock Price Index (TOPIX) starting at 2,624.57, down 11.00 points.
Top news
The Governor of the Bank of Japan stated that there is "enough time" for the interest rate hike decision.
- Bank of Japan Governor Haruhiko Kuroda stated in a press conference in Washington on the 24th that he believes there is "enough time" for additional interest rate hikes in the future. He also explained that regarding the impact of the recent depreciation of the yen on prices, a thorough analysis will be conducted considering the overall perspective, including views on the U.S. economy.
- While optimism about the U.S. economy is somewhat spreading, it is necessary to deepen the analysis on whether the positive U.S. data will continue to be good in the long term. He also expressed the view that the market is still unstable.
In October, consumer prices in the Tokyo metropolitan area rose by 1.8%, marking a negative growth for two consecutive months.
The consumer price index for the Tokyo metropolitan area, excluding volatile fresh food, announced by the Ministry of Internal Affairs and Communications on October 25, rose 1.8% year-on-year to 107.9. The growth rate shrank for the second consecutive month.
USA foreign exchange market summary: Softened to around 151.50 yen temporarily, as US interest rates rise.
On the 24th, the dollar-yen exchange rate in the New York foreign exchange market closed at around 151.83 yen per dollar, about 93 yen cheaper yen compared to the previous day. The euro was trading around 164.40 yen per euro, approximately 29 yen cheaper yen and higher yen.
X-ray analysis equipment giant Rigaku HD listed today, following a series of major domestic IPOs.
USA $The Carlyle Group (CG.US)$A subsidiary science equipment manufacturer, $Rigaku Holdings (268A.JP)$Will be listed on the Tokyo Stock Exchange's Prime Market on the 25th. Rigaku Holdings manufactures and sells analysis equipment using X-ray technology in fields such as semiconductors and batteries. $Tokyo Metro (9023.JP)$It is the second IPO of the year following, with Carlisle and others, who own more than 75% of the shares, selling domestically and internationally.
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The opening price of LIGAC HD was 1,205 yen, 4.4% below the public offering price.
Nidec aims to expand its business and improve profitability through the "strengthening of component sales" for EV drive units.
$Nidec (6594.JP)$President Mitsuya Kishida stated at the earnings call held in Tokyo on the 24th that regarding the electric vehicle (EV) drive unit business named "e-Axle," they will strengthen the business of selling individual internal components such as motors. In response to intensified price competition in the Chinese market, where they have been selling motors and transmissions as an integrated unit, they have limited orders. By focusing on component sales, they aim to expand the business and improve profitability.
Source: Various company releases, MINKABU, Bloomberg, Nikkei Business Daily
ーmoomoo News Evelyn
The Governor of the Bank of Japan stated that there is "enough time" for the interest rate hike decision.
- Bank of Japan Governor Haruhiko Kuroda stated in a press conference in Washington on the 24th that he believes there is "enough time" for additional interest rate hikes in the future. He also explained that regarding the impact of the recent depreciation of the yen on prices, a thorough analysis will be conducted considering the overall perspective, including views on the U.S. economy.
- While optimism about the U.S. economy is somewhat spreading, it is necessary to deepen the analysis on whether the positive U.S. data will continue to be good in the long term. He also expressed the view that the market is still unstable.
In October, consumer prices in the Tokyo metropolitan area rose by 1.8%, marking a negative growth for two consecutive months.
The consumer price index for the Tokyo metropolitan area, excluding volatile fresh food, announced by the Ministry of Internal Affairs and Communications on October 25, rose 1.8% year-on-year to 107.9. The growth rate shrank for the second consecutive month.
USA foreign exchange market summary: Softened to around 151.50 yen temporarily, as US interest rates rise.
On the 24th, the dollar-yen exchange rate in the New York foreign exchange market closed at around 151.83 yen per dollar, about 93 yen cheaper yen compared to the previous day. The euro was trading around 164.40 yen per euro, approximately 29 yen cheaper yen and higher yen.
X-ray analysis equipment giant Rigaku HD listed today, following a series of major domestic IPOs.
USA $The Carlyle Group (CG.US)$A subsidiary science equipment manufacturer, $Rigaku Holdings (268A.JP)$Will be listed on the Tokyo Stock Exchange's Prime Market on the 25th. Rigaku Holdings manufactures and sells analysis equipment using X-ray technology in fields such as semiconductors and batteries. $Tokyo Metro (9023.JP)$It is the second IPO of the year following, with Carlisle and others, who own more than 75% of the shares, selling domestically and internationally.
Related Articles
The opening price of LIGAC HD was 1,205 yen, 4.4% below the public offering price.
Nidec aims to expand its business and improve profitability through the "strengthening of component sales" for EV drive units.
$Nidec (6594.JP)$President Mitsuya Kishida stated at the earnings call held in Tokyo on the 24th that regarding the electric vehicle (EV) drive unit business named "e-Axle," they will strengthen the business of selling individual internal components such as motors. In response to intensified price competition in the Chinese market, where they have been selling motors and transmissions as an integrated unit, they have limited orders. By focusing on component sales, they aim to expand the business and improve profitability.
Source: Various company releases, MINKABU, Bloomberg, Nikkei Business Daily
ーmoomoo News Evelyn
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manman999 : Nidec Corporation sponsored ADR has many manufacturing bases in China, and while it is supported by the Communist Party, it operates in quite dangerous regions such as Jiangsu. It's uncertain what will happen next. Being too closely associated with China feels like a double-edged sword. We'll have to wait and see what happens.