Tokyo Market Summary: Even with the Nikkei Average rebound in Japanese stocks, they bought defense-related purchases due to “Trump trade” or “reliable trading” speculations

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Mitsubishi Heavy Industries and Komatsu are looking for “Trump Trade” even for Japanese stocks
The “Trump Trade” over the scenario where former President Trump, the Republican candidate, wins in the US presidential election in November has been a tailwind for the Japan-US stock market since the latter half of June, but that trend has accelerated further recently. The search, which is almost based on tigers, is clear even in the Tokyo market. At the Tokyo market $Mitsubishi Heavy Industries(7011.JP)$、 $Kawasaki Heavy Industries(7012.JP)$、 $IHI(7013.JP)$The rise in stocks that handle defense-related businesses centered around it was conspicuous. Mr. Trump has been asking allies to increase the burden of military spending for some time, and purchases gathered from the view that it would lead to an expansion in the performance of Japanese defense-related companies.
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Mitsubishi Heavy Stocks rose 6% and bought defense-related purchases due to “reliable” speculation

US Goldman is the first Asian PE fund of 2 billion dollars, emphasis on Japan = related sources
US Goldman Sachs is planning to launch the first private equity (PE) fund specializing in private equity investments in the Asia-Pacific region and raise 2 billion dollars. According to one of the people involved, the new fund is expected to focus mainly on investment opportunities in Japan and allocate about half of the funds. In addition to this, it is said that India, South Korea, and Australia will also place importance on it.

Ministry of Land, Transport and Tourism review meeting sets target for world top market share in order volume for next-generation ships
On the 16th, the Ministry of Land, Infrastructure, Transport and Tourism indicated the goal that the Japanese maritime industry will secure top market share in 2030 due to the volume of orders received for next-generation ships such as ammonia/hydrogen fuel carriers and automatic operation ships in 2030.

FX forces “follow suit” and iron plate yen sellers are getting in touch quickly
The movement of individual investors who handle foreign exchange margin (FX) transactions is intensifying. It seems that the Japanese government and the Bank of Japan moved to intervene in the exchange rate to buy yen, and the yen exchange rate where 1 dollar = 160 yen was becoming established in the foreign exchange market rapidly rose to the first half of the 157 yen range at one point. FX forces known for trading against the flow of the market have boosted yen sales and dollar purchases, but signs of changing the atmosphere of confronting yen buying intervention with yen sales like “teppan stories” have also begun to be seen.

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Ryohin Keikaku is high for the first time in 5 years, and earnings forecasts for the current fiscal year were revised upward due to strong sales of existing domestic stores and depreciation of the overseas yen
$Ryohin Keikaku(7453.JP)$There was a big backlash. It hit a temporary 9.92% increase of 2,902 yen for the first time in 5 years and 7 months since 2018/12. After the end of trading on the 12th of the previous weekend, an upward revision of the consolidated earnings forecast for the fiscal year ending August 24 was announced. The operating revenue forecast for the current fiscal year increased by 20 billion yen to 66 billion yen (up 13.5% from the previous fiscal year), and the final profit forecast was raised by 3 billion yen to 36 billion yen (up 63.3% from the same period), and it seems that it was well received.

Monex G shares continue to grow drastically, Bitcoin is high for the first time in 3 weeks
On the Tokyo Stock Exchange on the 16th, I have a crypto asset (virtual currency) exchange coin check under my umbrella $Monex Group(8698.JP)$It continued to grow drastically, and immediately after getting closer to the front market, it temporarily increased by 4.10% to 735 yen. Views spread that former Republican President Trump, who is positive about deregulation of crypto assets, had an advantage in the US presidential election in November, and the virtual currency Bitcoin rose to the 63,800 dollar range on the 15th, hitting a high for the first time in almost 3 weeks. Purchases expected to increase in Coincheck transactions and growth in business performance have become dominant.

Bank stocks such as Mitsubishi UFJ have remained strong, and there is a trend of buybacks with an awareness of the “Trump Rally” ◇
$Mitsubishi UFJ Financial Group(8306.JP)$Ya $Sumitomo Mitsui Financial Group(8316.JP)$、 $Mizuho Financial Group(8411.JP)$Bank stocks have been steady, etc. Former US President Trump was shot during his speech. Although his ear was injured, there was nothing wrong with his life, and Mr. Trump was officially nominated as a presidential candidate at the Republican National Convention on the 15th. In the US market on the same day, funds conscious of the Trump rally flowed into financial stocks etc. from speculation that Mr. Trump would win the presidential election.

Distributor: Reuters, Nihon Keizai Shimbun, MINKABU, QUICK MONEY WORLD