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The Nikkei Average started with a depreciation of 280 yen, EV sales in November were at a low level for the first time in 1 year, 10% or less in China, and HVs were strong

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moomooニュース日本株 wrote a column · Dec 6, 2023 18:07
The Nikkei Average started with a depreciation of 280 yen, EV sales in November were at a low level for the first time in 1 year, 10% or less in China, and HVs ...
Good morning to all Moomoo users!Here's an overview of this morning's turnaround. Thank you in advance.

Market Overview
In today's Tokyo stock market, the Nikkei Stock Average started at 33165.72 yen, which is 280.18 yen lower than the previous business day, and 2369.61, with the Tokyo Stock Price Index (TOPIX) falling 17.59 points.
The Nikkei Average started with a depreciation of 280 yen, EV sales in November were at a low level for the first time in 1 year, 10% or less in China, and HVs ...
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EV sales in November were at a low level for the first time in 1 year, less than 10% in China, with strong HVs
When the sales volume announced on the 6th by the Japan Automobile Dealers Association (self-sales association) and the National Federation of Light Motor Vehicle Associations (Zenlight Auto Association) was aggregated, the number of domestic electric vehicles (EVs) sold in November was 6429 units, down 9% from the same month last year. It declined for the first time in 3 months, and EVs accounted for 1.87% of new cars. It is at a low level for the first time in 13 months since 2022/10, and there is a difference of more than 10 times with China. October also broke into 2%, and it has been since 22/5 that it has fallen below 2% for 2 consecutive months. There is a sense of relief in the light EV, which was the driving force.

Sony G's short-term loan triples in half a year due to PS5 inventory buildup
$Sony Group(6758.JP)$is increasing the number of funds raised using short-term debt. Short-term loans (excluding financial services) at the end of 2023/9 surged 3.1 times compared to the end of March to 657.1 billion yen. The cash balance decreased due to the accumulation of inventory in anticipation of an increase in sales of games and semiconductors, and it was compensated by short-term debt. The focus is on whether inventory can be steadily converted to cash from the second half of the fiscal year onwards.

Toyota sells Harmonic shares worth 18.1 billion yen
$Toyota Motor(7203.JP)$Is a mechanical part's $Harmonic Drive Systems(6324.JP)$Sell all of your shares. The shares held are 4.379,400 shares, which is 4.6% of the number of issued shares excluding treasury stock, and when converted at the closing price on the 6th, it is equivalent to 18.1 billion yen. Sell it overseas. In order to reduce the impact on stock prices, Harmonic will carry out share buybacks up to 2 billion yen.

Rakuten Bank is showing signs of a sharp start, and there are concerns about deteriorating supply and demand due to the sale of shares held by the Rakuten Group
$Rakuten Bank(5838.JP)$There are signs of a sharp start. After the transaction ended on the 6th, it was announced that shares of Rakuten Bank held by the parent company Rakuten Group will be sold in overseas markets. Sales that were concerned about adverse effects on the supply and demand side have become dominant. The number of shares to be sold is expected to be 25.5 million shares. The selling price will be decided on any day from the 6th to the 7th. What about Rakuten Bank even after it goes on sale $Rakuten Group(4755.JP)$It is said that it will become a consolidated subsidiary of
Sompo gains 86 billion yen on sales of US Palantia shares this fiscal year
$Sompo Holdings(8630.JP)$Is on the 6th by a major US data analysis company $Palantir(PLTR.US)$It was announced that part of its shares will be sold, and a profit of 86 billion yen from sales will be recorded for the fiscal year ending 2024/3. Along with this, consolidated net profit for the current fiscal year will be 324 billion yen, about 12 times the previous fiscal year, and is expected to exceed the previous forecast (264 billion yen) by 60 billion yen.

Confirmation of investment in new EV company Nissan Renault joint press conference - France
With French automobile giant Renault $Nissan Motor(7201.JP)$ $Mitsubishi Motors(7211.JP)$The three-company coalition confirmed on the 6th that Nissan will invest a maximum of 600 million euros (about 95 billion yen) and Mitsubishi itself will invest a maximum of 200 million euros in Renault's new electric vehicle (EV) company “Ampere.” It was clarified by holding a press conference at Renault headquarters in the suburbs of Paris.
ー MooMoo News Japanese stock Sherry
Distribution source: Nihon Keizai Shimbun, Jiji Press, MINKABU
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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