Tokyo Market Summary: Nikkei average fell for the third consecutive day - Long-term interest rates in the Bank of Japan's normalization phase, with the upper limit seen around 1.5% - amid the maintenance of easing conditions.

Hello, moomoo users! Good job on the closing bell.Today's stock market overview is as follows. Thank you.
● The Nikkei average closed at 38,470.38 yen, down 16.86 yen from the previous trading day.
● The Bank of Japan's long-term interest rate normalization phase, with a conscious upper limit around 1.5% - maintaining a loose monetary environment.
● Finance Minister consults on the disclosure of sustainable information by companies - establishes a working group to consider the approach.
● Nintendo Co Ltd---Substantial decline, viewing the possible delay in the release timing of the next-generation console as a bearish factor.
● Advantest - Sharp decline as U.S. Super Micro plunges - profit-taking sell-off in the semiconductor sector.
●Hot Stocks: $Nintendo (7974.JP)$、 $Advantest (6857.JP)$、 $Mitsui (8031.JP)$、 $Marubeni (8002.JP)$
- Moomoo News Japan Stock Evelyn

Market Overview
In today's Tokyo stock market, the Nikkei Stock Average closed at 38,470.38 yen, down 16.86 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) ended at 2,639.69, up 14.96 points.

Top News
With long-term interest rates normalizing at the Bank of Japan, there is a consciousness towards a mid-1% level under the maintained easing environment.
After the Bank of Japan lifts the negative interest rates, the movement of long-term interest rates becomes one of the key points in maintaining an accommodative financial environment, aside from the impact of price expectations. Even without the Bank of Japan explicitly stating a new ceiling, there is a possibility that a mid-1% level will be kept in mind in the short term based on the level of long-term inflation expectations.

Finance Minister Consults on the Approach to Sustainability Information Disclosure by Companies, Establishing a Working Group.
Minister of Finance Toshikazu Suzuki consulted the Financial Services Agency to consider the disclosure and assurance of corporate sustainability information. This was revealed by Junichi Kanda, a parliamentary secretary at the Financial Services Agency, at the beginning of the meeting on the 19th.

Asset managers expand selling yen, caution against yen depreciation amid Japanese stocks reaching record highs.
Asset managers' bearish positions on the yen have ballooned to the largest scale in over a year. With Japanese stocks approaching all-time highs, overseas investors continue to be cautious of exchange rate risks.

Hot stocks
Nintendo Co Ltd - Sharp Decline, Viewing Delay in Next-Gen Console Launch Timing as a Negative Factor.
$Nintendo (7974.JP)$Sharp decline. It has been reported in some quarters that the launch timing of the next-generation game console, originally scheduled for the second half of this year, has been postponed to the January-March period of 2025 and communicated to multiple game development companies.

Advantest - Plunges, US-based Super Micro plunges, profit-taking sales in the semiconductor sector.
$Advantest (6857.JP)$Experienced a sharp decline. Clue from the 16th USA market, where the SOX (Philadelphia Semiconductor Stock Index) fell by 0.7% compared to the previous day.

Mitsui & Co. - Surged. Signed a memorandum of understanding regarding the construction of the CCS value chain between China Electric Power and Malaysia-Japan.
$Mitsui (8031.JP)$Surged. On the 19th, the company announced that the company and $Chugoku Electric Power (9504.JP)$Signed a memorandum of understanding regarding joint studies aiming to construct a value chain including CO2 recovery and storage (Carbon Capture and Storage, hereafter "CCS"), and transportation at the Malaysia offshore CO2 storage site being developed jointly with Malaysia's state-owned petroleum company.

Marubeni - Extended gains. To manufacture sustainable aviation fuel in Dubai, using household waste as raw material.
$Marubeni (8002.JP)$Extended gains. As reported by Nikkei on the 19th at 12:10 pm, the company will produce sustainable aviation fuel (SAF) in Dubai, United Arab Emirates, using household waste and other general waste as raw materials.

Source: Bloomberg, Trader's Web, Fisco