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Tokyo market summary: Nikkei average down 730 yen, semiconductor rapid decline due to ASML shock, yen temporarily rises.

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moomooニュース日本株 wrote a column · Oct 16, 2024 14:06
Tokyo market summary: Nikkei average down 730 yen, semiconductor rapid decline due to ASML shock, yen temporarily rises.
●注目銘柄:Thank you for your hard work today. Here is today's stock market overview. Thank you.
The Nikkei average closed at 39,180.30 yen, down 730.25 yen from the previous trading day.
"Dovish" Adachi BOJ board member's statement "Conditions for normalization are already in place" led to a temporary drop in the dollar-yen to the 148.80 yen range.
Semiconductor sell-off due to ASML disappointing earnings.
Fastly has room for upside, leading domestic securities firms have raised their target stock price.
●Hot Stocks: $Lasertec (6920.JP)$ $Tokyo Electron (8035.JP)$ $Fast Retailing (9983.JP)$etc
- Moomoo News Japan Stock Sherry
Market Overview
Today in the Tokyo stock market, the Nikkei average stock price closed at 39,180.30 yen, down 730.25 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) closed at 2,690.66, down 32.91 points. In response to the earnings report from ASML Holding, a semiconductor manufacturing equipment company in the Netherlands, semiconductor-related stocks are declining in the Tokyo market today. However, some investors are holding back on active buying in anticipation of Taiwan's TSMC announcing their earnings tomorrow. The dollar-yen exchange rate is hovering around the mid-149 yen level.
Tokyo market summary: Nikkei average down 730 yen, semiconductor rapid decline due to ASML shock, yen temporarily rises.
Top News
"Dovish" Bank of Japan member Adachi's statement that "the conditions for normalization are already in place" led to a temporary drop in the dollar-yen to the 148.80 yen range.
Following a statement from dovish-leaning Bank of Japan Policy Board member Adachi that "the conditions for normalization are already in place," the yen temporarily rose. The dollar-yen exchange rate dropped from around 149.20 yen to the 148.80 yen range. However, the movement was limited. As Chinese and Hong Kong stocks, which started lower, turned positive, risk aversion eased, leading to some selling of the yen and the dollar-yen recovering to the mid-149 yen level.
Remarks by prominent individuals
Adachi Bank of Japan Monetary Policy Committee Member
"Conditions for entering the financial normalization process are already met."
"Until the achievement of sustained and stable goals, policy interest rates should be raised at an extremely slow pace."
"At the current momentInflation"There is no need to implement rapid interest rate hikes for suppression."
"There is a possibility of a stronger correction in the situation of yen depreciation."
Mr. Trump reaffirms his intention to block Nippon Steel's acquisition of US Steel.
トランプ氏は15日、日本製鉄によるUSスチール買収計画を阻止する考えを改めて表明。買収計画について「恐ろしい前例となる」とし、鉄鋼は国家安全保障上、極めて重要だと述べた。
Hot Stocks
ASML決算失望で半導体売り
$Lasertec (6920.JP)$が一時14%安、 $Tokyo Electron (8035.JP)$も10%安となるなど、半導体関連株が軒並み売られている。ASMLが15日に発表した7-9月期(第3四半期)の受注額がアナリスト予想の半分程度にとどまり、来年の利益見通しも引き下げられたことが失望を呼んでいる。
ファストリに上値余地、国内有力証券は目標株価を引き上げ
$Fast Retailing (9983.JP)$に一段の上値余地が指摘されている。岩井コスモ証券は15日、同社株の目標株価を4万5500円から5万7500円に引き上げた。投資判断は「B+」を継続した。24年8月期は売上収益が前の期比12.2%増の3兆1038億3600万円、営業利益が同31.4%増の5009億400万円と過去最高を更新。国内外のユニクロ事業がけん引し大幅な増収増益となった。世界中でユニクロの知名度が高まってきたことで、海外のユニクロ事業で収益の柱が多様化している。同証券では25年8月期の同利益を会社計画と同水準の前期比5.8%増の5300億円と予想。
Source: Various company press releases, Bloomberg, MINKABU, FISCO, Wealth Advisor
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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