Tokyo market summary: Nikkei average significantly extended gains, with Besento and Abe imitating the 'three arrows' and proposing, the dollar is being bought back.
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- The Nikkei Average ended at 38,780.14 yen, up 496.29 yen from the previous trading day.
●The upcoming finance minister candidate Bessent's policy priority is to achieve tax cuts.
●Maintaining a 'hold' stance on Japanese stocks - UBS.
●Tokyo Metro rises with a focus on mainland education, establishing 'Tokyo Metro Educational'.
●Sanrio hits an all-time high since going public, clear upward momentum fueled by positive performance evaluation and renewed interest in IP-related stocks.
●NEC rebounds after 3 days, collaborating with Sakura Net in the AI platform field.
Hot Stocks: $Tokyo Metro (9023.JP)$、 $SAKURA Internet (3778.JP)$、 $NEC (6701.JP)$、 $Kobayashi Pharmaceutical (4967.JP)$、 $Sanrio (8136.JP)$etc
- moomoo news on individual Japanese stocks Sherry
- The Nikkei Average ended at 38,780.14 yen, up 496.29 yen from the previous trading day.
●The upcoming finance minister candidate Bessent's policy priority is to achieve tax cuts.
●Maintaining a 'hold' stance on Japanese stocks - UBS.
●Tokyo Metro rises with a focus on mainland education, establishing 'Tokyo Metro Educational'.
●Sanrio hits an all-time high since going public, clear upward momentum fueled by positive performance evaluation and renewed interest in IP-related stocks.
●NEC rebounds after 3 days, collaborating with Sakura Net in the AI platform field.
Hot Stocks: $Tokyo Metro (9023.JP)$、 $SAKURA Internet (3778.JP)$、 $NEC (6701.JP)$、 $Kobayashi Pharmaceutical (4967.JP)$、 $Sanrio (8136.JP)$etc
- moomoo news on individual Japanese stocks Sherry
Market Overview
In today's Tokyo stock market, the Nikkei Stock Average closed at 38,780.14 yen, up 496.29 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) closed at 2,715.60, up 19.07 points.
In today's Tokyo stock market, the Nikkei Stock Average closed at 38,780.14 yen, up 496.29 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) closed at 2,715.60, up 19.07 points.
Top News
Bessent, the candidate for the next finance minister, prioritizes tax cuts as a policy agenda.
Mr. Bessent, reported to be nominated as the next Secretary of the Treasury by the incoming President Trump, is responding in an interview with a U.S. newspaper.
The priority of the upcoming administration's policy is the realization of Trump's tax reduction.
Focusing on maintaining the dollar as a key currency.
Advising to aim for 3% GDP growth.
Advising Mr. Trump to pursue Prime Minister Abe's three arrows.
Aiming for an additional 3 million barrels per day in U.S. oil production.
Bessent, the candidate for the next finance minister, prioritizes tax cuts as a policy agenda.
Mr. Bessent, reported to be nominated as the next Secretary of the Treasury by the incoming President Trump, is responding in an interview with a U.S. newspaper.
The priority of the upcoming administration's policy is the realization of Trump's tax reduction.
Focusing on maintaining the dollar as a key currency.
Advising to aim for 3% GDP growth.
Advising Mr. Trump to pursue Prime Minister Abe's three arrows.
Aiming for an additional 3 million barrels per day in U.S. oil production.
* Abenomics' three arrows are 1. bold monetary policy, 2. flexible fiscal spending, 3. growth strategy to promote private sector investment.
In response to these statements, the dollar is being bought back. The positive attitude towards maintaining the key currency and aiming for 3% growth is believed to be well-received.
Three life insurance companies have upwardly revised their stock and alternative income - SMBC Nikko.
At SMBC Nikko Securities, $Japan Post Insurance (7181.JP)$、 $Dai-ichi Life Holdings (8750.JP)$、 $T&D Holdings (8795.JP)$Regarding the three life insurance companies, the performance estimates are being raised mainly for this fiscal year. The upward surprise in stock and alternative investment income in the first half results, along with the upward surprise in overseas profits, are reflected. With many one-off factors, profit forecasts for the following fiscal year are kept slightly upwardly revised. SMBC Nikko is paying attention to the trend of shareholder returns in this sector, following Kanpo Life's surprise share buyback, and also expecting return measures from Dai-ichi Life and T&D.
At SMBC Nikko Securities, $Japan Post Insurance (7181.JP)$、 $Dai-ichi Life Holdings (8750.JP)$、 $T&D Holdings (8795.JP)$Regarding the three life insurance companies, the performance estimates are being raised mainly for this fiscal year. The upward surprise in stock and alternative investment income in the first half results, along with the upward surprise in overseas profits, are reflected. With many one-off factors, profit forecasts for the following fiscal year are kept slightly upwardly revised. SMBC Nikko is paying attention to the trend of shareholder returns in this sector, following Kanpo Life's surprise share buyback, and also expecting return measures from Dai-ichi Life and T&D.
Maintaining a 'Neutral' stance on Japanese stocks - UBS.
UBS maintains a 'Neutral' stance on Japanese stocks in light of the transition to the Trump administration, stating that the fundamentals of stocks are generally solid but highlighting increased risks such as tariff hikes and concerns about rising US interest rates. They also point out the possibility of a rapid appreciation of the yen. Regarding corporate performance estimates, they forecast a 9% increase in the fiscal year 2024 (25.3 period) and a 5% increase in the fiscal year 2025 (26.3 period). However, especially in the early stages of the Trump administration, they see limited upside potential in stock prices. They maintain their investment strategy recommending high-quality stocks with high profitability, without changes, and recommend domestic demand stocks such as finance, retail, IT services, and real estate.
UBS maintains a 'Neutral' stance on Japanese stocks in light of the transition to the Trump administration, stating that the fundamentals of stocks are generally solid but highlighting increased risks such as tariff hikes and concerns about rising US interest rates. They also point out the possibility of a rapid appreciation of the yen. Regarding corporate performance estimates, they forecast a 9% increase in the fiscal year 2024 (25.3 period) and a 5% increase in the fiscal year 2025 (26.3 period). However, especially in the early stages of the Trump administration, they see limited upside potential in stock prices. They maintain their investment strategy recommending high-quality stocks with high profitability, without changes, and recommend domestic demand stocks such as finance, retail, IT services, and real estate.
Hot stocks
Tokyo Metro is trading higher, establishing 'Tokyo Metro Educational' specializing in mainland education.
$Tokyo Metro (9023.JP)$ It is trading higher in the afternoon session. The company announced today that it will establish 'Tokyo Metro Educational' specializing in mainland education effective December 2, which seems to have provided a stimulus.
Tokyo Metro is trading higher, establishing 'Tokyo Metro Educational' specializing in mainland education.
$Tokyo Metro (9023.JP)$ It is trading higher in the afternoon session. The company announced today that it will establish 'Tokyo Metro Educational' specializing in mainland education effective December 2, which seems to have provided a stimulus.
Sanrio hits a new high since listing, with clear buying interest towards excellent performance and IP-related stocks bringing strong upward momentum.
$Sanrio (8136.JP)$The upward trend is clear. Today, it surpassed the ¥5,029 high set on the 8th of this month, recovering the ¥5,000 mark and updating the all-time high since listing. The character business is doing well, prompting a significant increase in the operating profit estimate for the fiscal year ending March 2025 from the previously planned ¥37.1 billion to ¥41.0 billion. The surge in foreign visitors to Japan is boosting store revenue and theme parks, with strong tailwinds, and both domestic and overseas institutions are observed to be purchasing based on actual demand.
$Sanrio (8136.JP)$The upward trend is clear. Today, it surpassed the ¥5,029 high set on the 8th of this month, recovering the ¥5,000 mark and updating the all-time high since listing. The character business is doing well, prompting a significant increase in the operating profit estimate for the fiscal year ending March 2025 from the previously planned ¥37.1 billion to ¥41.0 billion. The surge in foreign visitors to Japan is boosting store revenue and theme parks, with strong tailwinds, and both domestic and overseas institutions are observed to be purchasing based on actual demand.
Kobayashi Pharmaceutical - significant gains, upgraded to buy recommendation by domestic securities due to the resolution of the red malt issue.
$Kobayashi Pharmaceutical (4967.JP)$Marked gains. Mizuho Securities has upgraded the investment rating from 'hold' to 'buy', also raising the target stock price from ¥6,300 to ¥6,400. They have determined the resolution of the red malt issue and anticipate a full resumption of business activities from December 2025. They expect new developments such as the transparency of management due to a refreshing in leadership, efficient use of advertising costs, among others. They forecast an operating profit of ¥25.4 billion for the fiscal year ending December 2025, a 5.5% increase compared to the previous period.
$Kobayashi Pharmaceutical (4967.JP)$Marked gains. Mizuho Securities has upgraded the investment rating from 'hold' to 'buy', also raising the target stock price from ¥6,300 to ¥6,400. They have determined the resolution of the red malt issue and anticipate a full resumption of business activities from December 2025. They expect new developments such as the transparency of management due to a refreshing in leadership, efficient use of advertising costs, among others. They forecast an operating profit of ¥25.4 billion for the fiscal year ending December 2025, a 5.5% increase compared to the previous period.
NEC rebounds after 3 days, collaborating with Sakura Net on AI platform in the generated AI domain.
$NEC (6701.JP)$It rebounds after 3 days. Responding to increasing domestic demand for reliability and safety in generated AI, on this day, $SAKURA Internet (3778.JP)$Announced the start of collaboration to realize the platform service for AI generation that will be provided, which is considered a positive development.
Source: Various company press releases, NHK, MINKABU, FISCO, Trader's Web
$NEC (6701.JP)$It rebounds after 3 days. Responding to increasing domestic demand for reliability and safety in generated AI, on this day, $SAKURA Internet (3778.JP)$Announced the start of collaboration to realize the platform service for AI generation that will be provided, which is considered a positive development.
Source: Various company press releases, NHK, MINKABU, FISCO, Trader's Web
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