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-- 153.630 Tokyo market summary: Nikkei rebounds, afternoon session widens gains. GPIF to raise real investment yield. Large-cap stocks show strength in the afternoon session.
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Good job on the closing bell. Here is today's overview of the stock market. Thank you.
The Nikkei average closed at 38,513.02 yen, up 304.99 yen from the previous trading day.
Trump's tariff suggestion highlights the risks to the Indian economy.
Kioxia's IPO tentative price range is 1390-1520 yen, with the expected price at the lower end.
The impression that expectations for year-end stock price increases in Japanese stocks are somewhat diminishing - Tokai Tokyo
Large cap stocks such as Hitachi and Sony Group Corp showed strength in the afternoon, reflecting the Government Pension Investment Fund's policy of raising its target yield.
Hot Stocks: $Kioxia Holdings (285A.JP)$、 $Hitachi (6501.JP)$、 $Sony Group (6758.JP)$、 $Sony Group (6758.JP)$etc
- moomoo news on individual Japanese stocks Sherry
The Nikkei average closed at 38,513.02 yen, up 304.99 yen from the previous trading day.
Trump's tariff suggestion highlights the risks to the Indian economy.
Kioxia's IPO tentative price range is 1390-1520 yen, with the expected price at the lower end.
The impression that expectations for year-end stock price increases in Japanese stocks are somewhat diminishing - Tokai Tokyo
Large cap stocks such as Hitachi and Sony Group Corp showed strength in the afternoon, reflecting the Government Pension Investment Fund's policy of raising its target yield.
Hot Stocks: $Kioxia Holdings (285A.JP)$、 $Hitachi (6501.JP)$、 $Sony Group (6758.JP)$、 $Sony Group (6758.JP)$etc
- moomoo news on individual Japanese stocks Sherry
Market Overview
In today's Tokyo stock market, the Nikkei Stock Average closed at 38,513.02 yen, up 304.99 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) ended at 2,714.72, up 34.01 points. The Ministry of Health, Labour and Welfare presented a proposal to raise the effective investment yield of the Government Pension Investment Fund (GPIF) by 0.2 points to 1.9%.They presented a proposal to increase the target effective investment yield from the current 1.7% to a higher level of 1.9%.There is a possibility that this could lead GPIF to increase its allocation to stock investments.
In today's Tokyo stock market, the Nikkei Stock Average closed at 38,513.02 yen, up 304.99 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) ended at 2,714.72, up 34.01 points. The Ministry of Health, Labour and Welfare presented a proposal to raise the effective investment yield of the Government Pension Investment Fund (GPIF) by 0.2 points to 1.9%.They presented a proposal to increase the target effective investment yield from the current 1.7% to a higher level of 1.9%.There is a possibility that this could lead GPIF to increase its allocation to stock investments.
Top News
Trump's tariff suggestions highlight the risk to the Indian economy.
Donald Trump, the next US President, has issued a warning regarding the US dollar to BRICS countries, bringing to light the impact of US tariff measures on the Indian economy, as pointed out by OCBC's Mr. Ravanya Venkateshwaran.
Trump's tariff suggestions highlight the risk to the Indian economy.
Donald Trump, the next US President, has issued a warning regarding the US dollar to BRICS countries, bringing to light the impact of US tariff measures on the Indian economy, as pointed out by OCBC's Mr. Ravanya Venkateshwaran.
Kioxia's IPO tentative range set at 1,390-1,520 yen, with the expected price at the lower limit.
$Kioxia Holdings (285A.JP)$In a new initial public offering (IPO) by Kioxia, the tentative range was set at 1,390-1,520 yen per share, based on information from sources as reported by Reuters on the 2nd. The expected offering price was 1,390 yen per share. Kioxia planned to finalize the tentative conditions on the same day.
$Kioxia Holdings (285A.JP)$In a new initial public offering (IPO) by Kioxia, the tentative range was set at 1,390-1,520 yen per share, based on information from sources as reported by Reuters on the 2nd. The expected offering price was 1,390 yen per share. Kioxia planned to finalize the tentative conditions on the same day.
The second GDP preliminary report for the July-September period expects a slight upward revision from the first preliminary report ~ SMBC Nikko.
At SMBC Nikko Securities, it is expected that the real GDP growth rate for the quarterly GDP second preliminary report for the July-September period, to be announced by the Cabinet Office on December 9, will be revised slightly upwards from the previous period's +0.2% quarter-on-quarter and +0.9% annual rate in the first report to +0.3% quarter-on-quarter and +1.1% annual rate in the second report. In light of corporate statistics, it is assumed that facility investment (private enterprise facilities) will be revised from -0.2% quarter-on-quarter to +0.1%, and public investment (public fixed capital formation) reflecting comprehensive construction statistics will be revised from -0.9% to -0.7%. Even with the reflection of corporate statistics, it is anticipated that the contribution of inventory investment (private inventory fluctuation) will remain unchanged at +0.1%.
At SMBC Nikko Securities, it is expected that the real GDP growth rate for the quarterly GDP second preliminary report for the July-September period, to be announced by the Cabinet Office on December 9, will be revised slightly upwards from the previous period's +0.2% quarter-on-quarter and +0.9% annual rate in the first report to +0.3% quarter-on-quarter and +1.1% annual rate in the second report. In light of corporate statistics, it is assumed that facility investment (private enterprise facilities) will be revised from -0.2% quarter-on-quarter to +0.1%, and public investment (public fixed capital formation) reflecting comprehensive construction statistics will be revised from -0.9% to -0.7%. Even with the reflection of corporate statistics, it is anticipated that the contribution of inventory investment (private inventory fluctuation) will remain unchanged at +0.1%.
The impression that expectations for a year-end stock market rally in Japanese stocks are somewhat fading ~ Tokai Tokyo.
In the outlook for the December market at Tokai Tokyo Intelligence Lab, it is commented that the expectation for a year-end stock market rally seems to be somewhat fading considering the current trends in the Japanese stock market. The presence of many downward candles in the daily chart in November suggests that there are few positive factors for Japanese stocks. Moreover, it is noted that the trading volume is significantly increasing in the ¥38,000 range and the trading volume in the ¥39,000 range is also relatively high. Tokai Tokyo believes that there are significant resistance levels at ¥38,000 and ¥39,000, which could potentially suppress stock price increases.
In the outlook for the December market at Tokai Tokyo Intelligence Lab, it is commented that the expectation for a year-end stock market rally seems to be somewhat fading considering the current trends in the Japanese stock market. The presence of many downward candles in the daily chart in November suggests that there are few positive factors for Japanese stocks. Moreover, it is noted that the trading volume is significantly increasing in the ¥38,000 range and the trading volume in the ¥39,000 range is also relatively high. Tokai Tokyo believes that there are significant resistance levels at ¥38,000 and ¥39,000, which could potentially suppress stock price increases.
Hot stocks
Large cap stocks like Hitachi and Sony Group Corp showed strong gains in the afternoon session, as the direction to raise the GPIF yield target is communicated.
$Hitachi (6501.JP)$There was a significant increase. $Sony Group (6758.JP)$In the afternoon session, large cap stocks are generally showing strong gains, such as resurfacing into positive territory. On the 2nd, the Ministry of Health, Labour and Welfare held a meeting of the Social Security Council Investment Subcommittee and proposed increasing the Government Pension Investment Fund's (GPIF) real yield target by 0.2% to 1.9% from the current level. Investors interpreted that in order to increase investment yield, the GPIF would increase the percentage of equities in its investment assets, leading to increased buying interest in stocks, particularly in large cap stocks, contributing to an overall market rally.
Large cap stocks like Hitachi and Sony Group Corp showed strong gains in the afternoon session, as the direction to raise the GPIF yield target is communicated.
$Hitachi (6501.JP)$There was a significant increase. $Sony Group (6758.JP)$In the afternoon session, large cap stocks are generally showing strong gains, such as resurfacing into positive territory. On the 2nd, the Ministry of Health, Labour and Welfare held a meeting of the Social Security Council Investment Subcommittee and proposed increasing the Government Pension Investment Fund's (GPIF) real yield target by 0.2% to 1.9% from the current level. Investors interpreted that in order to increase investment yield, the GPIF would increase the percentage of equities in its investment assets, leading to increased buying interest in stocks, particularly in large cap stocks, contributing to an overall market rally.
Fujikura is high, with a domestic securities firm raising its target stock price
$Fujikura (5803.JP)$It is high. SMBC Nikko Securities raised its target stock price from 4800 yen to 6900 yen on November 29, which is being considered a significant factor.
$Fujikura (5803.JP)$It is high. SMBC Nikko Securities raised its target stock price from 4800 yen to 6900 yen on November 29, which is being considered a significant factor.
Sumitomo Chemical - Expanded gains in the afternoon, selling its subsidiary in radioactive pharmaceuticals to GE Healthcare
$Sumitomo Chemical (4005.JP)$Gains widened in the afternoon. The company announced at 1:30 pm on the 2nd that it would sell all shares of its consolidated subsidiary, Japan Medical Physics, in radioactive pharmaceuticals to GE Healthcare Limited (USA). As a result of this sale, the company expects to record approximately 30 billion yen in other operating income in the 4th quarter of fiscal year 25.3 (January-March), which was already included in the previous performance forecast. The company stated that there would be no revision to the performance forecast.
$Sumitomo Chemical (4005.JP)$Gains widened in the afternoon. The company announced at 1:30 pm on the 2nd that it would sell all shares of its consolidated subsidiary, Japan Medical Physics, in radioactive pharmaceuticals to GE Healthcare Limited (USA). As a result of this sale, the company expects to record approximately 30 billion yen in other operating income in the 4th quarter of fiscal year 25.3 (January-March), which was already included in the previous performance forecast. The company stated that there would be no revision to the performance forecast.
Source: Various company press releases, NHK, MINKABU, FISCO, Trader's Web
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Chibou : This year, bankrupt companies are facing debts of 98 billion yen due to the coronavirus. In india, it seems difficult for companies to make money due to the class system. With China's economy also slowing down, it's safe to say that Japan's economy, which holds these stocks, is strong. President Trump also seems unsure of what else to fight against this time due to his position.
Chibou : Japanese companies must also put effort into expanding domestic demand. In particular, I think the country must support companies by making efforts to raise demand for food domestically. Rather than having the money to get the COVID-19 vaccine free of charge, I think Japan is in a state of verifying and improving the Bank of Japan's Abe mix and creating a market where future companies can compete.
Chibou : It would be forgiving for the music industry to be leveraged quickly, to lend generous leverage to entertainers in the TV industry, and also to liven up the Japanese music industry. Prime Minister Ishiwari is energetic, and I think it is forgiving to revitalize culture in order to replace it with Japan. I want them to keep an eye on how much celebrities have been hurt by the COVID-19 pandemic and set up a healthy market in the future. Isn't it the music, book, and film industries that cheer up the public? We must also not forget that music, books, and movies are essential as entertainment for stock investors. I'm looking forward to stocks in the music, book, and film industries until around this time next year
Chibou : I think the creation of a market that is unbeatable for music, books, and movies will definitely come to Korea in six months or a year.
00wa00 Chibou : Tolerance → Crucial