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Tokyo Market Summary: Nikkei Average falls sharply, Soros faction reacts hypersensitively to “NVIDIA stock sale”

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moomooニュース日本株 wrote a column · May 8 14:08
Tokyo Market Summary: Nikkei Average falls sharply, Soros faction reacts hypersensitively to “NVIDIA stock sale”
Hello Moomoo users!Thank you very much for your hard work. Today's stock price summary is as follows. Thank you in advance.
●The Nikkei Average ended at 38202.37 yen, 632.73 yen lower than the previous business day
● Strong concerns about the impact of the depreciation of yen on prices, says “there is no line to protect,” says Finance Minister Suzuki
●Toyota's operating profit forecast of 4.3 trillion yen, less than forecast -1 trillion yen share buyback
● Mitsubishi Heavy's current fiscal year did not reach market expectations that anticipate the highest profit and plummeted by over 7%
● Yusen picked up in the back position, responding to share buybacks and dividend increases up to 5% of the 100 billion yen upper limit
● Attention to the handle: $Toyota Motor.JP$ $Mitsubishi Heavy Industries.JP$ $Nippon Yusen Kabushiki Kaisha.JP$
ー MooMoo News Japanese stock Sherry
Market Overview
Today's Nikkei Stock Average ended at 38202.37 yen, 632.73 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 39.79 points to 2706.43.
Top news
Yen temporarily falls to 155 yen, senior Fed officials suggest leaving interest rates unchanged
The yen fell against the dollar in the foreign exchange market on the 8th, and 1 dollar = 155 yen was set at one point. The 155 yen level was the first depreciation level of the yen in about a week since the 2nd. In response to statements by senior US Federal Reserve (Fed) officials who suggested that policy interest rates remain unchanged, the movement of yen sales and dollar purchases assuming that the Japan-US interest rate difference will not shrink for the time being has become dominant.
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Strong concerns about the impact of the depreciation of the yen on prices, says “there is no line to protect,” says Finance Minister Suzuki
The depreciation of the yen is positive and negative, and now it is important to respond to rising prices = Finance Minister Suzuki

Domestic new car sales in April, EV ratio 1.1%, low level for the first time in 2 years
When the sales volume announced on the 8th by the Japan Automobile Dealers Association (Japan Automobile Dealers Association) and the National Light Vehicle Association (Zenkijikyo) was aggregated, domestic electric vehicle (EV) sales volume in April was 2866 units, down 54% from the same month last year. EVs account for 1.1% of new cars, which is the lowest level since 2022/5.

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Toyota is the first Japanese company to expand HV with operating profit of 5 trillion yen for the fiscal year ending March 24
$Toyota Motor.JP$In the consolidated financial results (international accounting standards) for the fiscal year ending 2024/3 announced on the 8th, operating profit was 5,352.9 billion yen, up 96% from the previous fiscal year. It hit a record high and was the first Japanese company to reach the 5 trillion yen mark. Strong sales of hybrid vehicles (HVs) around the world, starting with the US, and the depreciation of the yen contributed.
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Toyota's operating profit forecast of 4.3 trillion yen, less than forecast -1 trillion yen share buyback
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Mitsubishi Heavy's current fiscal year did not reach market expectations that anticipate the highest profit and plummeted by over 7%
$Mitsubishi Heavy Industries.JP$It was announced on the 8th that consolidated business profit for the fiscal year ending 2025/3 is likely to be 35 billion yen, an increase of 23.9% from the previous year. Although a record high was expected, it fell below the consensus forecast of the 11 analysts compiled by IBES of 393.5 billion yen. The forecast for consolidated order volume is 5.80 trillion yen. Although it is at a high level compared to previous years, it has decreased from a record high of 6.684 billion yen for the fiscal year ended March 24.
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Mitsubishi Heavy has the highest profit for 2 consecutive terms with a 4% increase at the end of this fiscal year, increase dividends for the previous fiscal year by 40 yen, and increase actual dividends this fiscal year

Yusen picked up at a later stage, temporarily exceeding 5% in response to stock buybacks and dividend increases up to 100 billion yen
$Nippon Yusen Kabushiki Kaisha.JP$picked up in the back. At noon on the 8th, in line with the announcement of consolidated financial results for the fiscal year ending March 24, it was announced that the total number of shares acquired is 35 million shares (7.6% of the total number of issued shares excluding treasury stock) and the total acquisition amount is 100 billion yen as an upper limit. Additionally, after revising the dividend for the previous fiscal year with a 10 yen increase, the annual dividend forecast for the fiscal year ending 25/3 was set to 160 yen, an increase of 20 yen from the previous fiscal year, and it seems that purchases were favorable to the shareholder return attitude.

Distribution source: Reuters, Nihon Keizai Shimbun, Bloomberg, MINKABU
Tokyo Market Summary: Nikkei Average falls sharply, Soros faction reacts hypersensitively to “NVIDIA stock sale”
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