Tokyo Market Summary: Nikkei Average Continues to Fall, Buys Aiming for Autonomous Rebound Intersect with Profit-Based Selling

moomooニュース日本株 wrote a column · Mar 26, 2024 14:27

Tokyo Market Summary: Nikkei Average Continues to Fall, Buys Aiming for Autonomous Rebound Intersect with Profit-Based Selling

Hello Moomoo users! Thank you very much for your hard work.Today's stock price summary is as follows. Thank you in advance.
●The Nikkei Stock Average ended at 40398.03 yen, 16.09 yen lower than the previous business day
● Finance Minister Suzuki “does not eliminate all means” in the 151 yen range per dollar
● Observation of the spread of yen stability, Japanese investors purchased overseas assets without exchange rate hedging
● Kobayashi Pharmaceutical has identified 1 case of suspected causal relationship between red malt products and death
● Attention to the handle: $Kobayashi Pharmaceutical (4967.JP)$、 $Tokyo Electric Power (9501.JP)$
-MooMoo News Japan Stock Zeber

Market Overview
Today's Nikkei Stock Average ended at 40398.03 yen, 16.09 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended at 2780.80, 3.16 points higher in the Tokyo Stock Exchange.

Top news
Finance Minister Suzuki “does not eliminate all means” in the 151 yen range per dollar
Finance Minister Suzuki Shunichi stated at a press conference after the cabinet meeting on the 26th that “I would like to respond appropriately to movements that have gone too far without eliminating any means” regarding the depreciation of the yen progressing in the foreign exchange market. It showed the same recognition as Treasurer Kanda Masato on the 25th. As of 8:30 a.m. on the 26th, it has been moving in the first half of the $1 = 151 yen range.

Observing the spread of yen stability, Japanese investors buy overseas assets without exchange rate hedging
Unease about the future appreciation of the yen is receding among investors. Against the backdrop of the Bank of Japan announcing the continuation of an accommodative environment while raising interest rates for the first time in 17 years, changes in the yen outlook are also reflected in a decline in exchange hedge costs.

Banker rewards in Tokyo fall short of Hong Kong and NY, and even if the amount of work increases due to a booming market
Japan's financial market is booming, and the workload of investment bankers working in Tokyo is increasing, but there is one thing that hasn't changed. It's a relatively poor reward compared to bankers working in other international financial cities.

Pay attention to the handle
Kobayashi Pharmaceutical identifies 1 suspected causal relationship between red malt products and death
$Kobayashi Pharmaceutical (4967.JP)$It was announced on the 26th that they have identified one case where a causal relationship between the product and death is suspected due to a problem where the raw materials of red malt related products may cause kidney disease, etc. The facts and causal relationship are being confirmed, but it is said that the bereaved family informed that patients who died from kidney disease used the food “red yeast cholesterol help” with the functional claims of the company's products during their lifetime.

TEPCO HD - Rapid Kashiwazaki-Kariwa Nuclear Power Plant Local Assembly Requests Early Operation = Nikkei
$Tokyo Electric Power (9501.JP)$has skyrocketed. The morning edition of the Nihon Keizai Shimbun dated 26th reported that Chairman Karasawa Hitoshi of the Kashiwazaki City Council and Chairman Hiroshima Kazutoshi of the Kariwa Village Council requested early operation from the government in Tokyo on the 25th regarding the restart of the company's Kashiwazaki-Kariwa Nuclear Power Plant.

Distributor: Bloomberg, Nihon Keizai Shimbun, Jiji Press, QUICK Money World, Traders Web、Reuters