Tokyo Market Summary: Nikkei rebounds. JP Morgan AM assumes risk of no additional rate hikes by BOJ this year.
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● The Nikkei average closed at 35,025.00 yen, up 193.85 yen from the previous trading day.
● The Nikkei average, with earthquake alertness, saw a buy-on-dip opportunity, temporarily dropping.
Carry trade unwinding is further progressing, targeting a possible 100 yen to the dollar - BNY
JPMorgan AM assumes the risk of no additional BOJ rate hikes by the end of the year
Bitcoin recovers to $60,000, aligning with the rebound in Asian stocks - Ether also rises
Laser Tech saw a sharp rise in the morning, followed by a softening, with the return selling pressure overshadowing the lingering optimism of the previous day's sharp rise
Hot Stocks: $Lasertec (6920.JP)$、 $Toyota Motor (7203.JP)$、 $Tokyo Electron (8035.JP)$、 $Inpex (1605.JP)$など
- Moomoo News Japan Stock Sherry
● The Nikkei average closed at 35,025.00 yen, up 193.85 yen from the previous trading day.
● The Nikkei average, with earthquake alertness, saw a buy-on-dip opportunity, temporarily dropping.
Carry trade unwinding is further progressing, targeting a possible 100 yen to the dollar - BNY
JPMorgan AM assumes the risk of no additional BOJ rate hikes by the end of the year
Bitcoin recovers to $60,000, aligning with the rebound in Asian stocks - Ether also rises
Laser Tech saw a sharp rise in the morning, followed by a softening, with the return selling pressure overshadowing the lingering optimism of the previous day's sharp rise
Hot Stocks: $Lasertec (6920.JP)$、 $Toyota Motor (7203.JP)$、 $Tokyo Electron (8035.JP)$、 $Inpex (1605.JP)$など
- Moomoo News Japan Stock Sherry
Market Overview
In today's Tokyo stock market, the Nikkei Stock Average closed at 35,025.00 yen, up 193.85 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,483.30, up 21.60 points.
In today's Tokyo stock market, the Nikkei Stock Average closed at 35,025.00 yen, up 193.85 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,483.30, up 21.60 points.
Top News
The Nikkei Average, with caution against earthquakes, saw some buying on dips. Although there was a temporary decline.
There was a scene where the Nikkei Average rose by 840 yen immediately after the market opened. This led to a wider movement of buying on dips, taking individual factors such as good financial results and announcements of share buybacks into consideration. The previous day, it announced its financial results.Recruit HoldingsThere were moments when the company's stock temporarily rose by 7%. In the morning, $Tokyo Electron (8035.JP)$some semiconductor related stocks performed well and rose significantly, but later struggled to grow and temporarily fell in the afternoon.
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Nikkei Average turns downward, temporarily drops over 300 yen, profit-taking selling before the holiday.
The Nikkei Average, with caution against earthquakes, saw some buying on dips. Although there was a temporary decline.
There was a scene where the Nikkei Average rose by 840 yen immediately after the market opened. This led to a wider movement of buying on dips, taking individual factors such as good financial results and announcements of share buybacks into consideration. The previous day, it announced its financial results.Recruit HoldingsThere were moments when the company's stock temporarily rose by 7%. In the morning, $Tokyo Electron (8035.JP)$some semiconductor related stocks performed well and rose significantly, but later struggled to grow and temporarily fell in the afternoon.
Related Articles
Nikkei Average turns downward, temporarily drops over 300 yen, profit-taking selling before the holiday.
Carry trade unwinding is expected to progress further, possibly reaching 100 yen per dollar, according to BNY Mellon Capital Markets.
There is further potential for the unwinding of carry trades using the yen as a funding currency, according to BNY Mellon Capital Markets. The yen has the potential to rise towards 100 yen per dollar over time.
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Market is pondering over the true intention of Bank of Japan after it changed its hawkish stance due to a tumultuous market.
There is further potential for the unwinding of carry trades using the yen as a funding currency, according to BNY Mellon Capital Markets. The yen has the potential to rise towards 100 yen per dollar over time.
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Market is pondering over the true intention of Bank of Japan after it changed its hawkish stance due to a tumultuous market.
JP Morgan Asset Management anticipates the risk of no additional interest rate hike by the Bank of Japan by the end of the year.
According to JP Morgan Asset Management, the Bank of Japan is expected to avoid early additional rate hikes, and further monetary tightening is likely to depend on the course of the US economy. Seamus McGovern, who serves as the global interest rate strategist at the company, pointed out that for a rate hike, "there is a course for the Bank of Japan to move again, but that would likely require the Federal Reserve to cut interest rates and stabilize the US economy." Monetary tightening by the Bank of Japan would "of course come to an end temporarily" if the US falls into a recession.
According to JP Morgan Asset Management, the Bank of Japan is expected to avoid early additional rate hikes, and further monetary tightening is likely to depend on the course of the US economy. Seamus McGovern, who serves as the global interest rate strategist at the company, pointed out that for a rate hike, "there is a course for the Bank of Japan to move again, but that would likely require the Federal Reserve to cut interest rates and stabilize the US economy." Monetary tightening by the Bank of Japan would "of course come to an end temporarily" if the US falls into a recession.
Bitcoin recovers to $60,000, aligning with rebound in Asian stocks — Ethereum also rises.
The largest cryptocurrency, Bitcoin, rose on the 9th in line with the rebound in Asian stocks. There were moments of significant decline earlier this week. Following the previous day, Bitcoin continued to rise, reaching over $62,000 at one point, marking a 5.3% increase. After facing a significant decline since the collapse of the cryptocurrency exchange FTX in 2022 earlier this week, sentiment has turned positive. Ethereum, the second largest cryptocurrency, saw a temporary 6% increase.
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JP Morgan maintains a cautious stance towards Bitcoin — positive developments mostly priced in.
The largest cryptocurrency, Bitcoin, rose on the 9th in line with the rebound in Asian stocks. There were moments of significant decline earlier this week. Following the previous day, Bitcoin continued to rise, reaching over $62,000 at one point, marking a 5.3% increase. After facing a significant decline since the collapse of the cryptocurrency exchange FTX in 2022 earlier this week, sentiment has turned positive. Ethereum, the second largest cryptocurrency, saw a temporary 6% increase.
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JP Morgan maintains a cautious stance towards Bitcoin — positive developments mostly priced in.
Hot Stocks
Laser Tech softens after a sharp rise in the morning, with the lingering signs of the previous day's limit-up mood being overshadowed by selling pressure upon return.
$Lasertec (6920.JP)$The price has been declining in the negative territory after opening high in the morning. The previous day was a standout popularity as it remained at 5,000 yen higher, which was the daily limit, but today, after rising to the 30,000 yen range with a rapid surge of over 3,000 yen in the morning, the situation changed to being overwhelmed by large-scale selling, and the price movements became volatile, lowering the level to the 25,000 yen range around mid-morning. The trading value is the highest across all markets, indicating the high attention to the company.
Related Articles
Tokyo Electron shares temporarily rise by 10%, raising net profit and dividends for this fiscal year.
Laser Tech softens after a sharp rise in the morning, with the lingering signs of the previous day's limit-up mood being overshadowed by selling pressure upon return.
$Lasertec (6920.JP)$The price has been declining in the negative territory after opening high in the morning. The previous day was a standout popularity as it remained at 5,000 yen higher, which was the daily limit, but today, after rising to the 30,000 yen range with a rapid surge of over 3,000 yen in the morning, the situation changed to being overwhelmed by large-scale selling, and the price movements became volatile, lowering the level to the 25,000 yen range around mid-morning. The trading value is the highest across all markets, indicating the high attention to the company.
Related Articles
Tokyo Electron shares temporarily rise by 10%, raising net profit and dividends for this fiscal year.
Toyota strengthens measures to prevent unauthorized access, enhancing the involvement of management.
$Toyota Motor (7203.JP)$On the 9th, President Sato visited the Ministry of Land, Infrastructure, Transport, and Tourism and submitted measures to prevent reoccurrence of unauthorized access to Minister Tetsuo Saito. The preventive measures include regular confirmation of the situation at the certification sites by the management. It is also considering increasing personnel in the department responsible for internal audits of certification operations and appointing external experts.
$Toyota Motor (7203.JP)$On the 9th, President Sato visited the Ministry of Land, Infrastructure, Transport, and Tourism and submitted measures to prevent reoccurrence of unauthorized access to Minister Tetsuo Saito. The preventive measures include regular confirmation of the situation at the certification sites by the management. It is also considering increasing personnel in the department responsible for internal audits of certification operations and appointing external experts.
INPEX shares temporarily rise by 5.7%, evaluating the proactive stance on shareholder returns.
$Inpex (1605.JP)$Stock price of company X continues to rise. It reached a high of 2136.50 yen, up 5.76% temporarily. On the 8th, it announced the establishment of a share buyback framework, which will repurchase up to 64 million shares, equivalent to 5.17% of the issued shares (excluding treasury stock), with a maximum amount of 80 billion yen. The annual dividend forecast is raised to 86 yen per share, an increase of 10 yen compared to the previous plan, and buying activity was evaluated as a positive stance on shareholder returns.
Source: Jiji Press, Bloomberg, CoinDesk, MINKANU, Nihon Keizai Shimbun
$Inpex (1605.JP)$Stock price of company X continues to rise. It reached a high of 2136.50 yen, up 5.76% temporarily. On the 8th, it announced the establishment of a share buyback framework, which will repurchase up to 64 million shares, equivalent to 5.17% of the issued shares (excluding treasury stock), with a maximum amount of 80 billion yen. The annual dividend forecast is raised to 86 yen per share, an increase of 10 yen compared to the previous plan, and buying activity was evaluated as a positive stance on shareholder returns.
Source: Jiji Press, Bloomberg, CoinDesk, MINKANU, Nihon Keizai Shimbun
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181361088 : As a matter of fact, 100 yen is not worth it
182397367 : 、