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The reaction of the weekend before the start of the decline in the Nikkei Average and the appreciation of the yen also weighed

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moomooニュース日本株 wrote a column · Oct 29, 2023 19:17
The reaction of the weekend before the start of the decline in the Nikkei Average and the appreciation of the yen also weighed
Good morning to all Moomoo users!Here's an overview of this morning's turnaround. Thank you in advance.

Market Overview
Today's Tokyo Stock Average ended at 30663.48 yen, 328.21 yen lower than the previous business day, and the TSE stock price index (TOPIX) fell 21.63 points to 2233.02.
The reaction of the weekend before the start of the decline in the Nikkei Average and the appreciation of the yen also weighed
Top news
The Ueda Bank of Japan is under pressure to respond to depreciation of yen, rising interest rates, and rising prices, as the encirclement network narrows
Ahead of this week's monetary policy meeting, the Bank of Japan will be forced to make difficult decisions about what kind of policy decisions will be most appropriate at this time. This is because while an upward revision of the consumer price outlook is certain, the depreciation of the yen has progressed further, long-term interest rates are approaching 1%, which is the upper limit of the Bank of Japan, and the market encirclement network for policy revisions is steadily narrowing.

Information on the Bank of Japan decision meeting and the situation in the Middle East during a week full of sudden changes in yen
This week's yen exchange rate is likely to fluctuate greatly. In addition to holding meetings where the central banks of Japan and the US decide on monetary policy, the presence or absence of exchange intervention in October by the government/Bank of Japan will be revealed. If there is no intervention, there is a possibility that the depreciation of the yen will progress.

Hitachi, Ltd. - Final profit for the buying period revised upward, up 21% in the first half
$Hitachi(6501.JP)$There is a sign that they will buy it. The company announced on the 27th that it will raise its consolidated net profit forecast (IFRS) for the full fiscal year 243 to 520 billion yen (down 19.9% from the previous fiscal year) from the previous 500 billion yen. The market consensus is 538.8 billion yen.
Lasertech had a conflict of views on strengths and weaknesses, and confusion before financial results also received a rebound in the SOX Index and was popular at lower prices
$Lasertec(6920.JP)$buys and sells intersect amid a conflict of views on strengths and weaknesses. The weekend before, there was a rebound for the first time in 7 days due to purchases due to affordability, but today they are fighting and defending near the 25-day moving average line due to heavy developments at higher prices.
Komatsu - Sellers are on the cards, full-year operating profit is revised upward but below market consensus
$Komatsu(6301.JP)$There is a sign that it will sell. The company announced on the 27th that it will raise its consolidated operating profit forecast (US standard) for the full fiscal year 243 to 548 billion yen (up 11.7% from the previous fiscal year) from the previous 491 billion yen. The market consensus is 565.7 billion yen.
Robo cultivates iPS cells in Astellas, improving success rate by 60%
$Astellas Pharma(4503.JP)$automates iPS cell culture work using a two-armed robot. We will apply to regulatory authorities for the manufacture of pharmaceuticals using robots, and aim to supply drugs used in clinical trials (clinical trials) by 2026.

Panasonic aims to put green hydrogen devices into practical use at home
$Panasonic Holdings (ADR)(PCRFY.US)$(HD) will also put into practical use in 2035 a device that can be self-sufficient in “green hydrogen,” which does not emit carbon dioxide (CO2) during manufacture. It is made by installing it on a roof, etc., and decomposing water with sunlight.

Entertainment that challenges Docomo and Yoshimoto Kogyo with sales of 10 billion yen in fiscal year 25
$Nippon Telegraph & Telephone(9432.JP)$DOCOMO has teamed up with Yoshimoto Kogyo Holdings (HD) to aim to expand the entertainment business. Utilizing Yoshimoto's know-how in content production, we will expand the intellectual property (IP) business with a view to overseas expansion.

ー MooMoo News Evelyn
Distribution source: Nihon Keizai Shimbun, Bloomberg, Traders Web, MINKABU
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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