Nikkei average starts 576 yen lower, weighed down by US semiconductor stock weakness and strong yen.
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Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 38,504.35 yen, down 576.90 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,659.92, down 35.59 points.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 38,504.35 yen, down 576.90 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,659.92, down 35.59 points.
Top News
Summary of the US foreign exchange market: Speculation on additional rate hikes by the Bank of Japan has increased, causing a temporary softening to the 151.80 yen range.
On October 31st, the dollar-yen exchange rate in the New York foreign exchange market closed at around 152.03 yen per dollar, a depreciation of about 1.40 yen from the previous day. The euro was around 165.48 yen per euro, a depreciation of about 1.10 yen against the yen.
Sales of leading semiconductor manufacturing equipment stocks such as Advantest and DISCO, affected by the sharp drop in US semiconductor stocks.
$Advantest (6857.JP)$、 $Disco (6146.JP)$As leading semiconductor manufacturing equipment companies receive selling indications and start seeking lower levels, Advantest set a wide range to search for lower levels after a significant increase with a gap-up the previous day. DISCO also faced profit-taking pressure the previous day but had rapidly raised its stock price levels earlier this week. However, in the US stock market the previous day, selling of semiconductor-related stocks intensified. $NVIDIA (NVDA.US)$Also, with a sharp decline of 4.7%, Philadelphia Semiconductor Index (SOX Index) composed of semiconductor stocks also experienced a rapid decline.
Summary of the US foreign exchange market: Speculation on additional rate hikes by the Bank of Japan has increased, causing a temporary softening to the 151.80 yen range.
On October 31st, the dollar-yen exchange rate in the New York foreign exchange market closed at around 152.03 yen per dollar, a depreciation of about 1.40 yen from the previous day. The euro was around 165.48 yen per euro, a depreciation of about 1.10 yen against the yen.
Sales of leading semiconductor manufacturing equipment stocks such as Advantest and DISCO, affected by the sharp drop in US semiconductor stocks.
$Advantest (6857.JP)$、 $Disco (6146.JP)$As leading semiconductor manufacturing equipment companies receive selling indications and start seeking lower levels, Advantest set a wide range to search for lower levels after a significant increase with a gap-up the previous day. DISCO also faced profit-taking pressure the previous day but had rapidly raised its stock price levels earlier this week. However, in the US stock market the previous day, selling of semiconductor-related stocks intensified. $NVIDIA (NVDA.US)$Also, with a sharp decline of 4.7%, Philadelphia Semiconductor Index (SOX Index) composed of semiconductor stocks also experienced a rapid decline.
Mizuho, in collaboration with a government-related fund, will list a Saudi stock fund.
$Mizuho Financial Group (8411.JP)$For the listing of an exchange-traded fund (ETF) investing in the Saudi Arabian stock market on the Tokyo Stock Exchange, Mizuho has agreed to a business partnership with the government-related fund PIF (Public Investment Fund). Mizuho anticipates the need for ETFs as financial products in prominent emerging markets where individual investors find it difficult to invest. $Dai-ichi Life Holdings (8750.JP)$Asset management company One, jointly funded by Mizuho and , aims to launch an ETF by the end of fiscal year 2024. The ETF will track the FTSE Saudi Arabia Index, which is composed of large and mid-cap stocks in Saudi Arabia.
Source: Various press releases, MINKABU, Wealth Advisor.
moomoo news of individual stocks Evelyn
$Mizuho Financial Group (8411.JP)$For the listing of an exchange-traded fund (ETF) investing in the Saudi Arabian stock market on the Tokyo Stock Exchange, Mizuho has agreed to a business partnership with the government-related fund PIF (Public Investment Fund). Mizuho anticipates the need for ETFs as financial products in prominent emerging markets where individual investors find it difficult to invest. $Dai-ichi Life Holdings (8750.JP)$Asset management company One, jointly funded by Mizuho and , aims to launch an ETF by the end of fiscal year 2024. The ETF will track the FTSE Saudi Arabia Index, which is composed of large and mid-cap stocks in Saudi Arabia.
Source: Various press releases, MINKABU, Wealth Advisor.
moomoo news of individual stocks Evelyn
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