English
Back
Download
Log in to access Online Inquiry
Back to the Top

Tokyo Market Summary: Nikkei Average rebounds, market focus shifts to NVIDIA and semiconductor-related stocks rather than general election.

avatar
moomooニュース日本株 wrote a column · Yesterday 14:11
Tokyo Market Summary: Nikkei Average rebounds, market focus shifts to NVIDIA and semiconductor-related stocks rather than general election.
Hello, moomoo users! Good job on the market close. Here is today's stock market overview. Thank you.
The Nikkei average closed at 39,277.96 yen, up 340.42 yen from the previous business day.
The dollar-yen exchange rate exceeded 148 yen, with risk appetite rising due to China's fiscal policy announcement.
The extraordinary cabinet meeting decided to dissolve the House of Representatives today. If the ruling party sees a significant decrease in the general election, the government will become even more unstable.
Seven & I briefly rose by 12%.
Nitori HD continued to rise as a leading domestic securities company raised its target stock price to 22,400 yen.
●INPEX---Significant decline, with the petroleum sector trending weak due to the drop in NY crude oil prices
Hot stocks: $Nitori Holdings (9843.JP)$ $Nintendo (7974.JP)$ $Nintendo (7974.JP)$etc
- Moomoo News Japan Stock Sherry
Market Overview
In today's Tokyo stock market, the Nikkei Stock Average closed at 39,277.96 yen, up 340.42 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,707.24, up 8.09 points. Favorable high-tech stock performance in the U.S. prompted buying interest in the semiconductor sector. Inspection equipment $Advantest (6857.JP)$and $Lasertec (6920.JP)$Futures temporarily rose 4% from the previous day, for manufacturing equipment. $Disco (6146.JP)$ Semiconductors rose 3%, also increasing by 2%. $Tokyo Electron (8035.JP)$On the 9th, the dollar-yen is trading around the mid-148 yen level.
Tokyo Market Summary: Nikkei Average rebounds, market focus shifts to NVIDIA and semiconductor-related stocks rather than general election.
Top news of individual stocks
Dollar-yen surpassed the mid-148 yen level, with risk preference due to China's fiscal policy announcement = Tokyo Exchange.
The dollar-yen extended its gains to 148.53 yen. The anticipation following China's fiscal policy announcement painted a positive picture. The Hang Seng Index has turned positive.
Decided at an extraordinary cabinet meeting to dissolve the House of Representatives today. If the ruling party sees a significant decrease in the general election, the government may further destabilize.
According to reports, the government held an extraordinary cabinet meeting on the morning of the 9th and decided to dissolve the House of Representatives on the same day. Amid lingering criticism of the ruling party due to the faction's secret fund scandal, there is a possibility that the government's power base could become even more unstable if the ruling party significantly reduces its seats. The general election is expected to be announced on October 15th, with the voting scheduled for October 27th.
注目銘柄
Seven & i temporarily rose 12%, with news of a new acquisition proposal from CVC Capital Partners reaching the company.
$Seven & i Holdings (3382.JP)$The market is showing signs of urgency. On this day, before 10 a.m., it was reported that Canada's convenience store giant Alimentation Couche-Tard made a new acquisition proposal of 7 trillion yen to Seven & I Holdings. In response to this, there was a scene where the stock rose to 2,492.50 yen, up 11.8% from the previous day.
Nitori Holdings Co., Ltd. continues to rise, with a major domestic securities firm raising its target stock price to 22,400 yen.
$Nitori Holdings (9843.JP)$Continues to rise. SMBC Nikko Securities raised Nitori Holdings Co., Ltd.'s target stock price to 22,400 yen on the 8th (previously 18,600 yen) for its investment evaluation of '2' with positive outlook on the existing store sales growth in Japan. While noting the potential impact of sudden inventory devaluation due to sharp yen appreciation at the end of the quarter, it also points out that the negative exchange rate effect in the latter half is almost gone, indicating an improvement in business momentum.
Nintendo Co Ltd is sluggish, with a decrease in the shareholding percentage of the Saudi government fund.
$Nintendo (7974.JP)$Is trading weaker. In a revised report submitted to the Kanto Finance Bureau on the 8th, it was revealed that the Public Investment Fund (PIF) of Saudi Arabia, a government fund, reduced its stake in Nintendo Co., Ltd. from 8.58% to 7.54%. There seems to be a view considering this as a selling point.
INPEX - significantly lower, with weakness in petroleum-related stocks following a decline in NY crude oil prices.
$Inpex (1605.JP)$Experiencing a significant decline. Today, petroleum-related stocks, including the company, are among the top decliners. The previous day's NY crude oil futures market saw a significant drop, with WTI futures for November falling by 3.6% compared to the previous day. Concerns about reduced demand in China and the EIA lowering the outlook for crude oil prices are being noted, leading to profit-taking. Additionally, there are emerging views on movements towards a ceasefire in Lebanon in the context of the Middle East situation. $Idemitsu Kosan (5019.JP)$Some resource-related stocks are also weak.
Olympus - reported to accelerate M&A for growth, temporarily bought up to 2838 yen, reaching the highest level since September 27. It has been reported that they are accelerating mergers and acquisitions for growth. CFO Ryuya Izumi reportedly expressed a desire to invest funds exceeding 100 billion yen by the end of March 2026 in an interview with the Nikkei.
$Olympus (7733.JP)$M&A for growth is reported to be accelerated. It was purchased up to 2838 yen at one point, updating the highest price since September 27. CFO Ryuya Izumi stated in an interview with the Nikkei that he wants to invest funds exceeding 100 billion yen by the end of March 2026 for growth.
Source: Various press releases, Bloomberg, MINKABU, FISCO, QUICK Money World, Wealth Advisors
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
24
1
1
1
+0
1
See Original
Report
82K Views
Comment
Sign in to post a comment
avatar
moomoo News Official Account
18KFollowers
4Following
175KVisitors
Follow