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Tokyo Market Summary: The Nikkei Average falls for the 5th consecutive day, with cautious economic sentiment due to US employment statistics, selling across all industries.

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moomooニュース日本株 wrote a column · Sep 9, 2024 14:05
Tokyo Market Summary: The Nikkei Average falls for the 5th consecutive day, with cautious economic sentiment due to US employment statistics, selling across all...
Hello to all moomoo users!Thank you for your hard work until closing. Here is today's overview of the stock market. Thank you in advance.
The Nikkei average closed at 36,215.75 yen, down 175.72 yen from the previous trading day.
Japanese stocks are expected to see a significant decline, with all 33 industries selling off due to the slowdown in US employment and the strong yen in the foreign exchange market.
Focus on the improvement of Japanese corporate management, with the Hang Seng in Hong Kong attracting new hedge funds.
Toyota continues to decline significantly for the fifth day in a row, weighed down by the strengthening yen following the release of US employment statistics.
7&iHD---Rebound significantly, speculation includes upward revision of acquisition price from Kushtaar.
Hot stocks: $Toyota Motor (7203.JP)$ $Seven & i Holdings (3382.JP)$ $Kandenko (1942.JP)$
moomoo News Japan Stocks Evelyn

Market Overview
In today's Tokyo stock market, the Nikkei average stock price closed at 36,215.75 yen, down 175.72 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,579.73, down 17.69 points.
Top news
Japanese stocks are expected to significantly decline due to concerns about the slowing down of the US job market and the strengthening yen exchange rate, with all 33 industries selling.
On the 9th, the Tokyo stock market saw a sharp decline, with the Nikkei average stock price dropping more than 1,100 yen at one point. Concerns about the slowdown in the U.S. economy have intensified as signs of sluggish employment have been confirmed. Export-related stocks such as automobiles and electronics, crude oil-related stocks such as mining and petroleum, and financial stocks such as insurance and banks were widely sold, and all 33 sectors of the Tokyo Stock Exchange saw declines.

Hong Kong's Seng focuses on improving corporate management in Japan and launches a new hedge fund.
Hong Kong's Seng Capital is launching a new hedge fund that focuses on the recovery of Japan's financial market and improving corporate management in Japan. Chief Investment Officer Yoshihiko Ohira revealed in an interview that the trading of the new fund will begin in early October. HS Group (Hong Kong) will provide support for this Japan-focused fund over several years.

注目銘柄
Toyota has fallen significantly and has continued to decline for 5 days due to the appreciation of the yen after the release of US employment statistics.
$Toyota Motor (7203.JP)$Continued large declines for 5 days. The decline rate exceeded 5% at one point. The US August employment statistics announced on the 6th at the end of the previous week fell below market expectations. The figures for June and July were revised downward, increasing concerns of a slowdown in the US economy.
7&iHD---Significant rebound, speculated as a result of an increase in the acquisition price from Cuscothar.
$Seven & i Holdings (3382.JP)$Significant rebound. It has been reported that negotiations continue for the acquisition of Cuscothar in Canada.
Sekidenko rose further in the afternoon session, as the earnings and dividend forecasts for the fiscal year ending March 2025 were upwardly revised, stimulating the stock price.
$Kandenko (1942.JP)$Rose higher in the afternoon session. At 1 pm on the 9th, the upward revision of the earnings and dividend forecasts for the fiscal year ending March 2025 was announced, which was well received. The forecast for this fiscal year's revenue was increased by 33 billion yen to 633 billion yen (an increase of 5.8% from the previous year), and the forecast for net profit was increased by 4.3 billion yen to 288 billion yen (an increase of 5.3% from the previous year).
Source: Bloomberg, Reuters, MINKABU, FISCO
Tokyo Market Summary: The Nikkei Average falls for the 5th consecutive day, with cautious economic sentiment due to US employment statistics, selling across all...
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  • Chibou : If the yen appreciates, 100 billion yen will disappear in a day. Japan is all about processing trade. Technology-related stocks are attractive, aren't they?

  • Zakiyamax : I'd like to approach this with about 70% cash.
    When looking at the economic indicators in America, I think it's not strange for a crash to come from anywhere. However, the Biden administration is scattering money at a level comparable to wartime in terms of GDP, so it's difficult because it's unknown how long the excess of gold will continue. A hard landing is happening, but the stock market is rising.

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