Tokyo Market Summary: Nikkei average falls for the third day There is a high probability that the Nikkei average monthly range will be the second largest in history - the biggest in 34 years since the collapse of the bubble.
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The Nikkei average ended at 38,362.53 yen, down 9.23 yen from the previous trading day.
The monthly range of the Nikkei Average is expected to be the second largest in history, second only to the time of the bursting of the bubble, and the first time in 34 years.
The significance of the Bank of Japan's reduction in government bond purchases and its impact on the market, as explained by Mr. Tetsuya Inoue.
東京市場サマリー：日経平均は3日ぶり反落 日経平均月間値幅、歴代２位の公算－バブル崩壊時に次ぐ34年ぶり規模
Toyota's global sales in July increased slightly, but production was partially halted due to certification irregularities.
Nippon Steel plans to invest an additional $1.3 billion in US Steel's factories.
Hot Stocks: $Toyota Motor (7203.JP)$、 $Nippon Steel (5401.JP)$、 $Lasertec (6920.JP)$
- Moomoo News Japanese Stocks Evelyn
Market Overview
The Nikkei Stock Average in the Tokyo stock market today closed at 38,362.53 yen, down 9.23 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,683.62, down 8.50 points.
The Nikkei average ended at 38,362.53 yen, down 9.23 yen from the previous trading day.
The monthly range of the Nikkei Average is expected to be the second largest in history, second only to the time of the bursting of the bubble, and the first time in 34 years.
The significance of the Bank of Japan's reduction in government bond purchases and its impact on the market, as explained by Mr. Tetsuya Inoue.
東京市場サマリー：日経平均は3日ぶり反落 日経平均月間値幅、歴代２位の公算－バブル崩壊時に次ぐ34年ぶり規模
Toyota's global sales in July increased slightly, but production was partially halted due to certification irregularities.
Nippon Steel plans to invest an additional $1.3 billion in US Steel's factories.
Hot Stocks: $Toyota Motor (7203.JP)$、 $Nippon Steel (5401.JP)$、 $Lasertec (6920.JP)$
- Moomoo News Japanese Stocks Evelyn
Market Overview
The Nikkei Stock Average in the Tokyo stock market today closed at 38,362.53 yen, down 9.23 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,683.62, down 8.50 points.
Top News
The monthly range of the Nikkei Average is likely to be the second largest in history, following the collapse of the bubble, in 34 years.
The monthly range of the Nikkei Average in August is likely to be the largest in 34 years, second only to the period of the bubble economy collapse. This time, the rapid decrease in volatility is a characteristic. As of the closing on the 28th, the Nikkei Average had a high on the 1st and a low on the 5th, with a monthly intraday range of 7,625 yen. According to Bloomberg data (since 1979), the monthly range was the largest in August 1990 at 7,824 yen.
The implications of the Bank of Japan reducing purchases of government bonds and its impact on the market = Tetsuya Inoue
The Bank of Japan decided on additional rate hikes and a reduction in purchases of government bonds at its policy meeting at the end of July. However, there has been strong interest in additional rate hikes, including President Kuroda's press conference immediately following the meeting and the closing hearings held during the recess in late August, while interest in the reduction of government bond purchases has been relatively low.
Domestic investors' foreign bond investment is expected to significantly increase in August for the first time in about 17 years.
Due to the appreciation of the yen in the exchange rate, Japanese investors' foreign securities investment is becoming active. The amount of net buying of overseas medium-to-long-term bonds in August is expected to be the highest since 2007, which could suppress the outflow of funds from Japan and weaken the momentum of the yen's appreciation.
Hot stocks
Toyota's global sales in July increased slightly, but production of some models was temporarily halted due to certification irregularities.
$Toyota Motor (7203.JP)$On the 29th, it was announced that the Group's global sales in July increased by 0.7% compared to the same month last year, reaching 0.92 million 4918 units. Sales in the domestic market decreased due to the production stoppage of some models in the United States caused by airbag recalls and the impact of certification issues, but other regions made up for it, avoiding a decline in overall sales compared to the previous year.
Nippon Steel plans to invest an additional $1.3 billion in US Steel plants.
$Nippon Steel (5401.JP)$It was announced on the 29th that a purchase is being planned. $United States Steel (X.US)$It was announced that a further investment of $1.3 billion (approximately 188 billion yen) will be made in the steel mill of Moomoo. Amid opposition from the United Steelworkers (USW) and others ahead of the U.S. presidential election, the expansion of support for the acquisition is attracting attention.
Laser Tech---fell back with sell-off in semiconductor-related stocks following the after-hours decline of Nvidia.
$Lasertec (6920.JP)$is falling back. Semiconductor-related stocks are selling off. Nvidia, which attracted attention, announced its earnings the previous day, and its revenue for the May-July period was 2.2 times higher than the same period last year, exceeding market expectations. On a continued business basis, EPS also increased 2.5 times, exceeding market expectations.
The monthly range of the Nikkei Average is likely to be the second largest in history, following the collapse of the bubble, in 34 years.
The monthly range of the Nikkei Average in August is likely to be the largest in 34 years, second only to the period of the bubble economy collapse. This time, the rapid decrease in volatility is a characteristic. As of the closing on the 28th, the Nikkei Average had a high on the 1st and a low on the 5th, with a monthly intraday range of 7,625 yen. According to Bloomberg data (since 1979), the monthly range was the largest in August 1990 at 7,824 yen.
The implications of the Bank of Japan reducing purchases of government bonds and its impact on the market = Tetsuya Inoue
The Bank of Japan decided on additional rate hikes and a reduction in purchases of government bonds at its policy meeting at the end of July. However, there has been strong interest in additional rate hikes, including President Kuroda's press conference immediately following the meeting and the closing hearings held during the recess in late August, while interest in the reduction of government bond purchases has been relatively low.
Domestic investors' foreign bond investment is expected to significantly increase in August for the first time in about 17 years.
Due to the appreciation of the yen in the exchange rate, Japanese investors' foreign securities investment is becoming active. The amount of net buying of overseas medium-to-long-term bonds in August is expected to be the highest since 2007, which could suppress the outflow of funds from Japan and weaken the momentum of the yen's appreciation.
Hot stocks
Toyota's global sales in July increased slightly, but production of some models was temporarily halted due to certification irregularities.
$Toyota Motor (7203.JP)$On the 29th, it was announced that the Group's global sales in July increased by 0.7% compared to the same month last year, reaching 0.92 million 4918 units. Sales in the domestic market decreased due to the production stoppage of some models in the United States caused by airbag recalls and the impact of certification issues, but other regions made up for it, avoiding a decline in overall sales compared to the previous year.
Nippon Steel plans to invest an additional $1.3 billion in US Steel plants.
$Nippon Steel (5401.JP)$It was announced on the 29th that a purchase is being planned. $United States Steel (X.US)$It was announced that a further investment of $1.3 billion (approximately 188 billion yen) will be made in the steel mill of Moomoo. Amid opposition from the United Steelworkers (USW) and others ahead of the U.S. presidential election, the expansion of support for the acquisition is attracting attention.
Laser Tech---fell back with sell-off in semiconductor-related stocks following the after-hours decline of Nvidia.
$Lasertec (6920.JP)$is falling back. Semiconductor-related stocks are selling off. Nvidia, which attracted attention, announced its earnings the previous day, and its revenue for the May-July period was 2.2 times higher than the same period last year, exceeding market expectations. On a continued business basis, EPS also increased 2.5 times, exceeding market expectations.
Source: Bloomberg, Fisco, Reuters
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