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Tokyo Market Summary: Nikkei Average falls, cautious of BOJ rate hike and US employment statistics.

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moomooニュース日本株 wrote a column · Dec 6 14:48
Tokyo Market Summary: Nikkei Average falls, cautious of BOJ rate hike and US employment statistics.
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 39,091 yen, down 304 yen from the previous trading day.
Caution over Bank of Japan rate hikes and US employment statistics.
Summary of Remarks by Nakamura, Bank of Japan Deliberation Committee Member
US November Employment Statistics to be Released Tonight
Honda - Tokai Tokyo lowers target stock price
Hot Stocks: $Honda Motor (7267.JP)$ $Zensho Holdings (7550.JP)$etc
- Moomoo News on Japanese Stocks Zeber
Market Overview
Stocks fell in the Japanese market on the 6th. The Nikkei Stock Average in the Tokyo stock market closed at 39,091.17 yen, down 304.43 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) ended at 2,727.22, down 15.02 points.
Tokyo Market Summary: Nikkei Average falls, cautious of BOJ rate hike and US employment statistics.
Top News
Watching out for the Bank of Japan's interest rate hike and US employment statistics.
Bank of Japan's Nakamura Toyohide committee member did not deny the possibility of a rate hike in December, while early rate hikes are being cautious, and in anticipation of the release of US employment statistics, selling pressure prevailed.
Hot stocks
Honda-Tokai Tokyo lowers target stock price, cautious about the future of motorcycles and strong in four-wheelers in the USA and China.
$Honda Motor (7267.JP)$Stuck in a stalemate. At Tokai Tokyo Intelligence Lab, while motorcycles are strong, there is a strong sense of caution about the future of the United States and China for four-wheeled vehicles, and the rating remains 'Neutral', with the target stock price lowered from 1730 yen to 1400 yen.
Zensho HD - significant rebound, reflecting relative strength in the restaurant industry, prompting US securities to raise the target stock price.
$Zensho Holdings (7550.JP)$Significant rebound. Morgan Stanley MUFG Securities continues its investment rating of 'Overweight' and has raised its target stock price from 9700 yen to 11100 yen. In the recent financial results of the restaurant company, the good and bad fundamentals have become clear, and the company is positioning itself in a favorable situation both domestically and overseas. Accordingly, it seems appropriate to apply a valuation premium to the stock price.
Sukegawa Electric Industry significantly increased in value. According to Nikkei, in the next energy plan by the Ministry of Economy, Trade, and Industry, plans to permit the replacement of nuclear power plants and external facilities in the next energy plan that the Ministry of Economy, Trade, and Industry will compile by the end of the year.
$Sukegawa Electric (7711.JP)$Significantly up. The Nikkei newspaper's morning edition dated the 6th reported that the Ministry of Economy, Trade and Industry will allow the relocation of replacement sites after decommissioning nuclear power plants to different locations in the next basic energy plan to be compiled by the end of the year.
Kokuyo-SMBC Nikko announced the possibility of enhancing shareholder returns and reviewing business and assets with a new shareholder support. At SMBC Nikko Securities, they aim to strengthen shareholder returns and review business and assets. They initiated coverage at an initial rating of "1 (Outperform)" with a target price of 3200 yen.
$Kokuyo (7984.JP)$After a 3-day rebound. At SMBC Nikko Securities, there are expectations for strengthening shareholder returns and reassessing business and asset possibilities. A new investment rating of 'Outperform (1)' has been assigned, and coverage has begun with a target stock price of 3,200 yen.
Source: Various company press releases, NHK, MINKABU, FISCO, Trader's Web
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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