Tokyo Market Summary: Nikkei Average rebounds for the first time in 3 days - Vigilance continues on the eve of the US presidential election, Japanese stocks.
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Good work on the closing bell. Here is today's summary of the stock market. Thank you in advance.
Nikkei average closed at 38,474.90 yen, up 421.23 yen from the previous trading day.
Tamaki, the representative of the National Democratic Party, believes that financial policies need to be assessed without further changes.
Metaplannet adopted by the global indices 'BLOCK'.
Mitsubishi Heavy Industries softened in the afternoon, despite a 17% increase in final profit in the first half, there is a sense of dissatisfaction.
INPEX and petroleum resources are rising, WTI prices are increasing due to OPEC Plus' reduced production extension postponement.
●Hot stocks: $Inpex (1605.JP)$、 $Metaplanet (3350.JP)$、 $Mitsubishi Heavy Industries (7011.JP)$etc
- Moomoo News Japan Stock Sherry
Nikkei average closed at 38,474.90 yen, up 421.23 yen from the previous trading day.
Tamaki, the representative of the National Democratic Party, believes that financial policies need to be assessed without further changes.
Metaplannet adopted by the global indices 'BLOCK'.
Mitsubishi Heavy Industries softened in the afternoon, despite a 17% increase in final profit in the first half, there is a sense of dissatisfaction.
INPEX and petroleum resources are rising, WTI prices are increasing due to OPEC Plus' reduced production extension postponement.
●Hot stocks: $Inpex (1605.JP)$、 $Metaplanet (3350.JP)$、 $Mitsubishi Heavy Industries (7011.JP)$etc
- Moomoo News Japan Stock Sherry
Market Overview
In today's Tokyo stock market, the Nikkei average stock price closed at 38,474.90 yen, up 421.23 yen from the previous trading day, while the TOPIX index closed at 2,664.26, up 20.00 points. The buying was supported by the resilience of the US stock market during Japan's consecutive holidays, with the Nikkei's gains temporarily exceeding 500 yen, influenced by the positive sentiment towards the stability of the US stock market during Japan's consecutive holidays. On the other hand, with important events such as the US presidential election and the upper and lower house elections of the US Federal Congress scheduled for today, and the announcement of the results by the US FOMC on the 7th, there seems to be some caution sending positive buying signals. Additionally, the exchange rate is in the low 152 yen range against the dollar, indicating a lack of clear direction and a cautious wait-and-see attitude strengthening.
In today's Tokyo stock market, the Nikkei average stock price closed at 38,474.90 yen, up 421.23 yen from the previous trading day, while the TOPIX index closed at 2,664.26, up 20.00 points. The buying was supported by the resilience of the US stock market during Japan's consecutive holidays, with the Nikkei's gains temporarily exceeding 500 yen, influenced by the positive sentiment towards the stability of the US stock market during Japan's consecutive holidays. On the other hand, with important events such as the US presidential election and the upper and lower house elections of the US Federal Congress scheduled for today, and the announcement of the results by the US FOMC on the 7th, there seems to be some caution sending positive buying signals. Additionally, the exchange rate is in the low 152 yen range against the dollar, indicating a lack of clear direction and a cautious wait-and-see attitude strengthening.
Top News
Tamaki, the representative of the National Democratic Party, needs to assess the financial policy a bit more before making changes.
Yamaki, the representative of the National Democratic Party, spoke about monetary policy in a question-and-answer session with the press this morning.
Tamaki, the representative of the National Democratic Party, needs to assess the financial policy a bit more before making changes.
Yamaki, the representative of the National Democratic Party, spoke about monetary policy in a question-and-answer session with the press this morning.
- The exchange rate trend is heavily influenced by factors in the USA.
- Attempting to move the exchange rate with the Bank of Japan's monetary policy is superficial.
- It is necessary to assess monetary policy without making too many changes.
Hot stocks
Metaplanet adopted by the 'BLOCK' global index.
Japanese companies holding Bitcoin (BTC). $Metaplanet (3350.JP)$On November 5, the company announced that its shares were included in the CoinShares Blockchain Global Equity Index (BLOCK Index) for the first time in the company's history.
Metaplanet adopted by the 'BLOCK' global index.
Japanese companies holding Bitcoin (BTC). $Metaplanet (3350.JP)$On November 5, the company announced that its shares were included in the CoinShares Blockchain Global Equity Index (BLOCK Index) for the first time in the company's history.
Mitsubishi Heavy Industries softened in the afternoon, despite a 17% increase in final profit in the first half, there was a sense of dissatisfaction.
$Mitsubishi Heavy Industries (7011.JP)$The company's performance softened in the afternoon. The consolidated financial results for the second quarter of the fiscal year ending March 2025 (April-September) announced by the company at 1:30 pm on the 5th included revenue of 2,298.13 billion yen (an increase of 11.1% from the same period last year) and a net profit of 107.12 billion yen (an increase of 16.5%). The net profit for the July-September period increased by 16%. There are views that the results were unsatisfactory compared to the high market expectations, leading to increased selling pressure.
$Mitsubishi Heavy Industries (7011.JP)$The company's performance softened in the afternoon. The consolidated financial results for the second quarter of the fiscal year ending March 2025 (April-September) announced by the company at 1:30 pm on the 5th included revenue of 2,298.13 billion yen (an increase of 11.1% from the same period last year) and a net profit of 107.12 billion yen (an increase of 16.5%). The net profit for the July-September period increased by 16%. There are views that the results were unsatisfactory compared to the high market expectations, leading to increased selling pressure.
nintendo co ltd revenue decreased by 34.3% from the same period last year to 523.299 billion yen, with a downward revision of the full-year operating profit forecast.
●revenueYes.Decreased by 34.3% compared to the same period last year.of523.299 billion yen(Bloomberg market forecast is 515.7 billion yen).
●Quarterly net profit per share (EPS)Yes.93.33 yen(Projected at 116.54 yen).
●revenueYes.Decreased by 34.3% compared to the same period last year.of523.299 billion yen(Bloomberg market forecast is 515.7 billion yen).
●Quarterly net profit per share (EPS)Yes.93.33 yen(Projected at 116.54 yen).
INPEX and petroleum resources are expensive, WTI prices rise due to OPEC Plus' production cut shrinkage delay.
$Inpex (1605.JP)$and $Japan Petroleum Exploration (1662.JP)$、 $ENEOS Holdings (5020.JP)$is high. On the 4th, the price of US crude oil futures rose by $1.98 to $71.47 per barrel for December WTI contracts compared to the previous week. The Organization of the Petroleum Exporting Countries (OPEC) and non-member countries including Russia, known as 'OPEC Plus,' announced on the 3rd that they have agreed to postpone by one month the planned reduction in voluntary production cuts starting from December. Awareness of tightening supply and demand pushed up oil prices. Consequently, there is buying activity in oil-related stocks like INPEX.
$Inpex (1605.JP)$and $Japan Petroleum Exploration (1662.JP)$、 $ENEOS Holdings (5020.JP)$is high. On the 4th, the price of US crude oil futures rose by $1.98 to $71.47 per barrel for December WTI contracts compared to the previous week. The Organization of the Petroleum Exporting Countries (OPEC) and non-member countries including Russia, known as 'OPEC Plus,' announced on the 3rd that they have agreed to postpone by one month the planned reduction in voluntary production cuts starting from December. Awareness of tightening supply and demand pushed up oil prices. Consequently, there is buying activity in oil-related stocks like INPEX.
Earnings stocks
TDK---Significant gains, significant increase in earnings for the July-September period leading to an upward revision of the full-year forecast
Nomura's stock price surged significantly, continuing the trend of substantial profit growth in the July-September period.
Sumitomo Electric Industries' stock surged significantly, with excess caution easing following an upward revision in performance.
Sanrio's stock soared, with upward revisions to financial estimates and dividend forecasts for the fiscal year ending March 2025.
Yamaha experienced a sharp decline as it revised downward its performance forecast for the fiscal year ending March 2025 due to the slowdown in the Chinese market.
Nippon-Ham's stock plummeted significantly, with a 11% decrease in net profit for the April-September period due to exchange rate effects.
TDK---Significant gains, significant increase in earnings for the July-September period leading to an upward revision of the full-year forecast
Nomura's stock price surged significantly, continuing the trend of substantial profit growth in the July-September period.
Sumitomo Electric Industries' stock surged significantly, with excess caution easing following an upward revision in performance.
Sanrio's stock soared, with upward revisions to financial estimates and dividend forecasts for the fiscal year ending March 2025.
Yamaha experienced a sharp decline as it revised downward its performance forecast for the fiscal year ending March 2025 due to the slowdown in the Chinese market.
Nippon-Ham's stock plummeted significantly, with a 11% decrease in net profit for the April-September period due to exchange rate effects.
Source: Various company releases, Bloomberg, MINKABU, FISCO
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