Tokyo Market Summary: Nikkei Average falls for the third consecutive day, risk-off due to Trump's tariff comments, fluctuations in US political situation.
Hello, moomoo users!Good job on the closing bell. Here is today's overview of the stock market. Thank you. ● The Nikkei average closed at 38,442.00 yen, down 338.14 yen from the previous business day ● Keeping the economic outlook ‘moderate recovery,’ remaining cautious about Trump tariffs = November monthly report Shigeru Ishiba, the Prime Minister, asks for cooperation in significant wage increases, exchanging opinions among the government, labor, and management in preparation for the spring labor offensive. Foreign Exchange Summary: Movement around 153.70 yen, the demand for yen purchases as a risk hedge due to the USA's policy to strengthen tariffs. Cheap prices for Monex Group and Ceres due to a pause in the rise of bitcoin prices. Tokyo Metro continues its third day of gains, reaching a record high since its listing; a leading domestic securities company starts new coverage with a 'A' rating. Hot stocks:$Monex Group (8698.JP)$、$Ceres (3696.JP)$、$Tokyo Metro (9023.JP)$、$Nissan Motor (7201.JP)$etc - moomoo news on individual Japanese stocks Sherry
Market Overview In today's Tokyo stock market, the Nikkei Stock Average closed at 38,442.00 yen, down 338.14 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,689.55, down 26.05 points.
Top News The government maintained its assessment of the economy as a "moderate recovery" in its monthly report for November, while expressing caution about the impact of Trump's tariffs. In the monthly economic report for November released by the government on the 26th, the overall assessment of the economy was kept as "moderately recovering, although some cautiousness remains." The overall assessment has remained the same for 4 consecutive months since August. On the other hand, regarding the future overseas economy, it pointed out the need to be wary of the impact of the United States' future policy direction. It expressed caution about the effects of Trump's proposed tariff increases. Related Articles Monthly Economic Report (November) maintains the current assessment, with additional comments on the future policy direction of the United States.
Prime Minister Shigeru Ishiba: "Cooperate for significant wage increases" Exchange of opinions among government, labor, and management for the upcoming spring wage negotiations. Prime Minister Ishiba held a government-labor-management meeting with representatives of labor organizations and the business community on the 26th, requesting cooperation for wage increases in next year's spring wage negotiations. Prime Minister Ishiba stated, "Following the momentum of this year's highest wage increase in 33 years, I would like to request cooperation for significant wage increases in next year's spring wage negotiations," emphasizing that "achieving an economy where wage increases stably exceed price increases" and stressing the need for coordinated efforts between the public and private sectors to create a conducive environment.
In October, prices for services provided to companies expanded, rising by 2.9%. The index of prices for services provided to companies in October (2020 average = 100) rose by 2.9% compared to the same month last year. The growth rate increased by 0.1 percentage points compared to September's increase (2.8%), marking the highest growth rate since August (3.0%).
Foreign exchange summary: Trading around 153.70 yen, with the yen buying demand for risk aversion due to the USA's tariff strengthening policy. On the 26th, the USD/JPY exchange rate in the Tokyo foreign exchange market was around 153.72 yen to the dollar at 3 p.m., approximately 81 yen lower than the previous day's 5 p.m. rate. President Trump announced imposing a 25% tariff on imports from Mexico and Canada, as well as an additional 10% tariff on imports from China. Following this, investors' risk preferences retreated, causing the Nikkei Stock Average to temporarily drop by over 700 yen in the Tokyo stock market.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.