Nikkei average falls at the start, Tokyo core CPI leads to overall yen strength. Expectations for a December interest rate hike rise. Mitsubishi UFJ to acquire WealthNavi.
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Market Overview
In today's Tokyo stock market, the Nikkei Average stock price started at 38,205.08 yen, down 143.98 yen from the previous business day, while the Tokyo Stock Price Index (TOPIX) started at 2,682.39, down 4.89 points.
In today's Tokyo stock market, the Nikkei Average stock price started at 38,205.08 yen, down 143.98 yen from the previous business day, while the Tokyo Stock Price Index (TOPIX) started at 2,682.39, down 4.89 points.
Top News
US foreign exchange market summary: The dollar temporarily rose to the 151.90 yen level with buybacks.
On the 28th, the dollar-yen exchange rate in the New York foreign exchange market closed at around 151.55 yen per dollar, showing an increase of about 45 yen compared to the previous day, with the dollar strengthening and the yen weakening. The euro was around 159.90 yen per euro, showing an increase of about 25 yen and a euro strength and yen weakness. Following a dollar weakening and yen strengthening to around 150.40 yen on the 27th in the New York market, there was a trend of buying back the dollar in the exchange market on the 28th.
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Is a wait-and-see mood spreading in today's outlook?
US foreign exchange market summary: The dollar temporarily rose to the 151.90 yen level with buybacks.
On the 28th, the dollar-yen exchange rate in the New York foreign exchange market closed at around 151.55 yen per dollar, showing an increase of about 45 yen compared to the previous day, with the dollar strengthening and the yen weakening. The euro was around 159.90 yen per euro, showing an increase of about 25 yen and a euro strength and yen weakness. Following a dollar weakening and yen strengthening to around 150.40 yen on the 27th in the New York market, there was a trend of buying back the dollar in the exchange market on the 28th.
Related Articles
Is a wait-and-see mood spreading in today's outlook?
The yen rose sharply, with expectations of core CPI in Tokyo exceeding estimates, leading to increased speculation of Bank of Japan raising interest rates in December.
The consumer price index in Tokyo, considered a leading indicator of national prices, accelerated in November. This was due to the end of the government's electricity and gas subsidy program.Inflation国 has accelerated, Core CPI at 2.2% exceeded the market estimate of 2.0%. The total is 2.6%, the highest level since August. Core Core CPI matches expectations with an accelerated growth, falling short of 2%. The expectation-welcoming CPI has led to increased expectations of a December Bank of Japan rate hike, resulting in a stronger yen. The dollar-yen has dropped to around 151.07 yen.
The consumer price index in Tokyo, considered a leading indicator of national prices, accelerated in November. This was due to the end of the government's electricity and gas subsidy program.Inflation国 has accelerated, Core CPI at 2.2% exceeded the market estimate of 2.0%. The total is 2.6%, the highest level since August. Core Core CPI matches expectations with an accelerated growth, falling short of 2%. The expectation-welcoming CPI has led to increased expectations of a December Bank of Japan rate hike, resulting in a stronger yen. The dollar-yen has dropped to around 151.07 yen.
WealthNavi - buy orders, Mitsubishi UFJ to acquire the company = Nikkei
$WealthNavi (7342.JP)$buy orders. The morning edition of the Nikkei newspaper on the 29th reported that $Mitsubishi UFJ Financial Group (8306.JP)$ reported that the company will acquire the company.
$WealthNavi (7342.JP)$buy orders. The morning edition of the Nikkei newspaper on the 29th reported that $Mitsubishi UFJ Financial Group (8306.JP)$ reported that the company will acquire the company.
Metanet continues to rise, raising 9.5 billion yen through new share subscription rights, including funds for purchasing bitcoins.
$Metaplanet (3350.JP)$Continues to rise. On the 28th, the company announced the issuance of the 12th new share subscription rights (with a revised exercise price clause) allocated to EVO FUND (Cayman Islands), and the conclusion of a contract for the purchase of new share subscription rights.
$Metaplanet (3350.JP)$Continues to rise. On the 28th, the company announced the issuance of the 12th new share subscription rights (with a revised exercise price clause) allocated to EVO FUND (Cayman Islands), and the conclusion of a contract for the purchase of new share subscription rights.
Tokyo Gas - Significantly continues to rise, aiming for an ROE of over 8%, indicating incremental dividends and considering increasing dividends, according to Nikkei.
$Tokyo Gas (9531.JP)$Continues to rise significantly. The Nikkei reported in the morning edition of the Nihon Keizai Shimbun on the 29th that the company aims to exceed the target level of around 8% in return on equity (ROE) until the end of fiscal year 26.3 as set out in the three-year medium-term management plan announced on the 28th.
$Tokyo Gas (9531.JP)$Continues to rise significantly. The Nikkei reported in the morning edition of the Nihon Keizai Shimbun on the 29th that the company aims to exceed the target level of around 8% in return on equity (ROE) until the end of fiscal year 26.3 as set out in the three-year medium-term management plan announced on the 28th.
Source: Trader's Web, FISCO, MINKABU
- moomoo news on individual Japanese stocks Sherry
- moomoo news on individual Japanese stocks Sherry
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