Tokyo Market Summary: High prices since the Nikkei Average '90/2, global semiconductor sales have increased for the first time in about a year, and there are signs of a recovery in demand

Top news
Global semiconductor sales increased for the first time in about a year, and there are signs of a recovery in demand
Global semiconductor sales began to rise for the first time in over a year in November last year. It was new evidence showing that demand has begun to recover against the backdrop of new technologies such as artificial intelligence (AI). According to the U.S. Semiconductor Industry Association (SIA), global semiconductor sales in November were 48 billion dollars (about 7 trillion yen), up 5.3% from the same month last year. There was a 2.9% increase from the previous month, which was a moderate increase from October.

Global economic growth rate slows to 2.4% in '24 = World Bank
The World Bank indicated on the 9th that although the world economy in 2023 was not hit as much by inflation or geopolitical tension as expected, a strong recovery cannot be expected this year. According to the world economic outlook announced once every six months, the World Bank estimates that the global growth rate in 23 was 2.6%. The growth rate in '24 was 2.4%, and it was predicted that it would slow for 3 consecutive years. In addition to the effects of financial tightening, such as rising mortgage interest rates and corporate loan interest rates, it is said that sluggish world trade and investment against the backdrop of geopolitical tension will burden growth.

Yen sales strengthen, real wages decline more than expected, Bank of Japan policy revisions, observations retreat, and the Nikkei 34,000 yen recovery is also favorable
Yen sales are getting stronger. The dollar and yen rose to the 144.70 yen level at one point. Since the Nikkei Average rose by over 400 yen and recovered to the 34,000 yen level for the first time in about 33 years, risk appetite movements are spreading, and since real wages for November announced this morning fell more than expected and recorded a rate of decline for the first time in 7 months, the Bank of Japan's policy revision observations have also receded, leading to yen sales.

Notable stocks
Mitsubishi UFJ President Kamezawa: Asset Management Business “on the Fourth Pillar”
$Mitsubishi UFJ Financial Group (8306.JP)$will develop Mitsubishi UFJ Asset Management, which is responsible for the asset management business, into the “fourth pillar” of the group. The balance of assets under management will increase to 200 trillion yen, which is double the current level, by the end of 2030/3 through domestic and international corporate acquisitions, etc. The policy is to double the ratio of asset management/management businesses to earnings from the main business over the medium to long term from around 7% (fiscal year ending 23/3).
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Nintendo - new high with a total market value of 10 trillion yen, Kyoto FG, MegaChips, etc. are also high
$Nintendo (7974.JP)$is a new high. Purchases to the company continue due to expectations for the new model. As of 13:30 on the 10th, it rose to 7902 yen, which is 5% higher than the previous day at high places. The total market value was in the 10 trillion yen range for the first time in about 16 years. While Nintendo's rise is conspicuous in the market, brands related to the company are tangled. Hold Nintendo shares $Kyoto Financial Group (5844.JP)$Also, Nintendo is the main customer $MegaChips (6875.JP)$etc. are also expensive.

Leading Tesla with entertainment and software Confidence in EV “Afila” - Chairman Mizuno of Sony Honda
$Sony Group (6758.JP)$with $Honda Motor (7267.JP)$Chairman Mizuno Yasuhide of Sony Honda Mobility, which is co-invested by Sony Honda Mobility, responded to an interview on the 9th and showed confidence in the electric vehicle (EV) “Afila” under development to Tesla, a major US EV company, that “there is an advantageous base” in the field of entertainment experiences and software. The idea is to lead the competition by leveraging the fun and comfort of the car interior space as an advantage.

Toyota — Backlash Continues Plant Operation After Week 15
$Toyota Motor (7203.JP)$There was a backlash. The company announced that production operations at domestic finished car plants will continue as scheduled for the 10th and 15th weeks.

Panasonic - “Aim for the world's top” efficiency of solar cells that rebound for the first time in 3 days
$Panasonic Holdings (6752.JP)$rebounded for the first time in 3 days. The electronic edition of the Nihon Keizai Shimbun reported on the 10th that the company is rushing to research and develop “perovskite solar cells,” which are regarded as the favorite for next-generation solar cells. President Kusumi Yuki said on the 9th (10th Japan time) at the venue of the technology trade fair “CES” being held in Las Vegas, USA, “Of course we will aim for (the world's top position in power generation efficiency).” In the current survey, the Chinese company Gokuden Solar is at the top. Aim for a reversal from 2nd place.

Sony G Chairman Yoshida “Growing giant tech into a partner”
$Sony Group (6758.JP)$Chairman Yoshida Kenichiro and Chief Executive Officer (CEO) of responded to an interview by the Nihon Keizai Shimbun on the 9th and clarified a policy to concentrate management resources on acquiring content IP (intellectual property) in priority fields such as music, games, and movies. As competition in the entertainment field intensifies, Chairman Yoshida said, “We will focus on increasing creativity, and partner with giant tech companies for distribution, distribution, etc.” Coexisting with giant tech, Sony concentrated on the creative field and clarified its attitude of increasing corporate value.

Distribution source: Jiji Press, Nihon Keizai Shimbun, Dow Jones, Traders Web, MINKABU, Bloomberg