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Nikkei average starts with a sharp decline, cautious due to the birth of the Ishiba new administration and financial income taxation, etc.

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moomooニュース日本株 wrote a column · Sep 29 19:10
Nikkei average starts with a sharp decline, cautious due to the birth of the Ishiba new administration and financial income taxation, etc.
Good morning, moomoo users!Here is the opening situation this morning. Thank you.

Market Overview
In today's Tokyo stock market, the Nikkei Stock Average started at 39,117.83 yen, down 711.73 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) started at 2,696.98, down 43.96 points.
Nikkei average starts with a sharp decline, cautious due to the birth of the Ishiba new administration and financial income taxation, etc.
Nikkei average starts with a sharp decline, cautious due to the birth of the Ishiba new administration and financial income taxation, etc.

Top news of individual stocks
What is the most anticipated theme and stock in the newly established Ishiba administration according to Ryuichiro Kitahama's insightful stock forecast!
Shigeru Ishiba, who was elected as the new leader of the Liberal Democratic Party, will take office as the new Prime Minister on October 1st. How will the Tokyo market evaluate the new Prime Minister? In public opinion polls, Ishiba has consistently held the top or upper positions in the leadership race. While this may signal the birth of an anticipated new Prime Minister, the world of investment may not necessarily respond to the expectations of the public. In reality, the dollar-yen exchange rate, which had been hovering around 144 yen to the dollar in the foreign exchange market, rapidly soared to the mid-142 yen range after the new leader was decided, and the Nikkei 225 futures temporarily plummeted by about 2,000 yen.

Domestic institutional investors casting dissenting votes against the Toyota chairman.
Fraudulent practices were uncovered in the certification tests required for mass production of automobiles, causing distrust among Japanese institutional investors. $Toyota Motor (7203.JP)$Movements expressing no-confidence in Chairman Akio Toyoda are gaining momentum among Japanese institutional investors. Some companies strongly criticize the voting results disclosed in the shareholders' meeting. The domestic "financial institutions and securities companies," including institutional investors, form the largest group in Japan, holding nearly 40% of Toyota's shareholders. Depending on the future developments, Mr. Toyoda may be forced out of the top management position.

Summary of the US foreign exchange market: Softened temporarily to the 142.00 yen level in response to Mr. Ishiba's victory and the slowdown in US inflation.
On the 27th, the dollar-yen exchange rate in the New York foreign exchange market closed at around 142.21 yen per dollar, down about 2.60 yen compared to the previous day, with the dollar weakening and the yen strengthening. The euro was also down about 3.10 yen against the yen, trading around 158.79 yen per euro.

Japan's August industrial production flash estimate: Declined by -3.3% from the previous month, below market expectations.
The flash estimate for August industrial production released on the 30th showed a decline of -3.3% from the previous month, significantly below the market's expected level of around -0.5%.

Nikkei Leveraged selling starts, sharply declines in line with the turbulent movements in the Nikkei average following the shock of Mr. Ishiba (from MinnaKabu) - Yahoo! Finance
$NEXT FUNDS Nikkei 225 Leveraged Idx ETF (1570.JP)$Started with selling pressure and rapidly dropped in a turbulent development. Following Mr. Shigeru Ishiba's victory in the LDP presidential election on the 27th, there was a rapid selling-off trend in reaction to this, leading to a rapid decline.
Source: Each company's press release, Bloomberg, MinnaKabu, FISCO
moomoo news of individual stocks Evelyn
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