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Tokyo market summary: The Nikkei Average fell, with the yen slightly weaker. Strong US economic indicators have led to a retreat in rate cut expectations.

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moomooニュース日本株 wrote a column · Jan 8 14:46
Tokyo market summary: The Nikkei Average fell, with the yen slightly weaker. Strong US economic indicators have led to a retreat in rate cut expectations.
Hello, MOOMOO users!Good job on the closing bell. Here is today's stock market overview. Thank you.
● The Nikkei Average closed down 102 yen from the previous day at 39,981 yen
● Unexpected increase in US November JOLT job openings, slowing rate of rate cuts factored in
●Tokyo Electron Ltd. Unsponsored ADR - Plus conversion It is reported that a U.S. organization has demanded the suspension of export restrictions on AI-related semiconductors.
●NTT Data Group - Fell The introduction of next-generation batteries as the power source for data centers = Joint
Hot Stocks: $NTT Data Group (9613.JP)$ $Isetan Mitsukoshi Holdings (3099.JP)$ $Tokyo Electron (8035.JP)$
- MOOMOO News of individual stocks Japan Stocks Zeber
Market Overview
On the 8th, the Nikkei Stock Average closed lower at 39,981.06 yen, down 102.24 yen from the previous day. In the Japanese market, bonds also fell. The yield on new 10-year government bonds, a key indicator of long-term interest rates, hit the highest level in about 13 and a half years. This was due to the U.S. economic indicators exceeding expectations, leading to selling as interest rates rise amid diminishing rate cut expectations. The yen also fell against the dollar to the upper 158 yen range.
Tokyo market summary: The Nikkei Average fell, with the yen slightly weaker. Strong US economic indicators have led to a retreat in rate cut expectations.
Top News
【Market Voices】December US employment statistics, despite the slowdown in the number of employed, is the unemployment rate remaining flat?
Barclays economists predict that in December 2024, the non-farm payroll employment will increase by 150,000 from the previous month, falling below the 220,700 increase in November. In this case, the three-month average growth will slow down to 138,000 from the previous three-month average of 173,000 until November.
Unexpected increase in US November JOLT job openings, factoring in a slowdown in rate cuts.
The November JOLT job openings announced by the US Bureau of Labor Statistics increased from 7.839 million in October to 8.098 million, unexpectedly recovering to the 8 million level not seen since May. The increase is believed to be a result of employment growth in the service industry leading up to the year-end holidays.
Hot stocks
NTT Data Group fell as they introduce next-generation batteries as the power source for their data center.
$NTT Data Group (9613.JP)$Dropped. On the 8th, Kyodo News reported that NTT Data, a subsidiary of the company, will introduce next-generation 'perovskite solar cells' as the power source for the Datacenter 'NTT Shinagawa TWINS Data Building' in Minato-ku, Tokyo as early as 2026.
Tokyo Electron Ltd. Unsponsored ADR - Positive Transition: It is reported that a US organization is demanding the suspension of export restrictions on AI-oriented semiconductors.
$Tokyo Electron (8035.JP)$Turns to positive. Reuters reported at 9:22 am on the 8th that the Information Technology Industry Council (ITI), a leading industry group in the US high-tech industry, urged the Biden administration in a letter on the 7th to refrain from announcing restrictions on the export of AI semiconductor products by US companies.
Mitsukoshi Isetan - sharp decline WHO announced an increase in human metanew virus infection in China
$Isetan Mitsukoshi Holdings (3099.JP)$Declines sharply. On the 7th, the World Health Organization (WHO) published a report on the epidemic of respiratory infections in the northern hemisphere, confirming an increase in infections in China of the "Human Metapneumovirus Infection," which causes symptoms such as fever and cough.
Source: Various company releases, MINKABU, FISCO, Trader's Web
Tokyo market summary: The Nikkei Average fell, with the yen slightly weaker. Strong US economic indicators have led to a retreat in rate cut expectations.
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