Tokyo Market Summary: Does the Nikkei Average Continue to Fall for 5 Days Nikkei Average or Japan-US Semiconductor Stocks Suggest Immediate Ceiling - “Mikawa” Appears on the Chart

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Does the Nikkei Average or Japan-US semiconductor stocks suggest an immediate ceiling - “Mikawa” appears on the chart
“Mikawa (Sanken)” on the chart appeared one after another due to the Nikkei Stock Average, Japan-US semiconductor-related stocks, etc. From a rule of thumb, this pattern in the high price range suggests a certain ceiling or adjustment phase in stock prices.

Are rapid increases in stocks and shipping a word of “settlement play” or be careful about exchange assumptions
Taking over the trend of US high-tech stock appreciation the day before, $Advantest(6857.JP)$Semiconductor-related markets have risen, etc., but what made me sick was shipping stocks. An upward revision of the earnings forecast for the current fiscal year was announced on the 22nd $Nippon Yusen Kabushiki Kaisha(9101.JP)$Shipping stocks grew rapidly, driven by There was a scene where the rate of increase in Yusen stock compared to the previous day exceeded 8%. After today's big draw $Nidec(6594.JP)$It is scheduled to announce financial results for the fiscal year ending 2024/4/6, and the financial results season where investors determine the performance of individual stocks will arrive.
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Yusen rebounded drastically, surpassed freight market expectations and revised its earnings forecast for the fiscal year ending March 25 upward ◇

The direction of the depreciation of the yen is uncertain rather than the difference in interest rates, and it also responds to Mr. Mogi's remarks
The weak side of yen is deepening its hesitation in the foreign exchange market. This month, we once again witnessed yen purchases seen as exchange intervention by the Japanese government and the Bank of Japan, and due in part to heightened uncertainty surrounding the US presidential election, it became difficult to proceed with the strategy of actively taking risks and selling yen. Momentum is also intensifying to reconsider the “direction” and “momentum (momentum)” of policy interest rates, etc., which have been neglected until now due to the large absolute level of interest rate differences between Japan and the US.
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Bank of Japan to normalize monetary policy, clarifying policy - Liberal Democratic People's Democratic Party Mr. Motegi makes an unusual statement

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Mitsubishi UFJ, Dai-ichi Life HD, etc. are doing well, and speculations of additional interest rate hikes by the Bank of Japan are rekindled due to Motegi's remarks ◇
$Mitsubishi UFJ Financial Group(8306.JP)$、 $Sumitomo Mitsui Financial Group(8316.JP)$In addition to being expensive megabanks, etc. $Dai-ichi Life Holdings(8750.JP)$Life insurance stocks, etc., have also become dominant in buying. Domestically, the Bank of Japan is aware of movements aimed at normalizing monetary policy, and the possibility of additional interest rate hikes is being discussed in the market at the Bank of Japan monetary policy meeting to be held as early as September 19-20. However, since this period coincides with the Liberal Democratic Party's presidential election, there is also a view that the Bank of Japan's movements are likely to be restricted. Under such circumstances, Secretary General Motegi of the Liberal Democratic Party made a statement in a lecture in Tokyo on the 22nd that it is necessary to set out a policy for monetary policy normalization more clearly, and it seems that the view that this will support the Bank of Japan's gradual interest rate hikes has spread.

Toyota stock buybacks, policy holdings of MUFG, Sumitomo Mitsui, etc. - stakeholders
$Toyota Motor(7203.JP)$Is on the 23rd $Mitsubishi UFJ Financial Group(8306.JP)$with $Sumitomo Mitsui Financial Group(8316.JP)$It became known that announcements will be made regarding the acquisition of policy holdings held by etc. We will utilize the share buyback framework with an upper limit of 1 trillion yen already set by Toyota.　

Nippon Steel dissolves joint venture with China's Baoshan, reduces local production capacity by 70%
$Nippon Steel(5401.JP)$will withdraw from a joint venture with Baoshan Steel, the largest steel company under the umbrella of China Baowu Steel Group. Since supplying blast furnace technology, the half-century cooperative relationship with Baoshan has been completely reviewed, and China's steel production capacity will be reduced by 70%. In China, Japanese car manufacturers, which are major customers, are struggling with the rise of local EVs (electric vehicles), and it was determined that growth would be difficult. The Chinese business, where headwinds blow due to the division between the US and China, will shrink, and the movement to concentrate management resources in the US and India will accelerate.

Kobayashi Pharmaceutical Announces Top Change = Founder's Chairman Resigns as President -- Incurs Due to “Red Malt” Issue
$Kobayashi Pharmaceutical(4967.JP)$On the 23rd, it was announced that the founders, Chairman Kobayashi Kazumasa and President Akihiro, will resign. It is a form of taking responsibility for the spread of health hazards caused by supplements containing “red malt (benikoji).” Senior Managing Director Satoshi Yamane will be appointed as the successor president. The chairman resigned on the same date, and the president changed on 8/8. It was also announced that President Akihiro Kobayashi will return executive remuneration of 50% per month, and Senior Managing Director Yamane 40% for 6 months, respectively.

Distribution source: Nihon Keizai Shimbun, MINKABU, Bloomberg, Jiji Press