Tokyo Market Summary: Nikkei Average rebounds for the first time in 3 days, buying back in high-tech stocks.
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The Nikkei average closed at 38,283.85 yen, up 257.68 yen from the previous trading day.
October nationwide CPI results to support a December rate hike ~ BNP Paribas
Expectation for the continued upward trend of Japanese stocks ~ Daiwa
What will happen with the start of the new Trump administration? ~ Mizuho
INPEX and oil resources are high, tension in Ukraine escalating, crude oil prices rising
Hot Stocks: $Inpex (1605.JP)$、 $Asahi Kasei (3407.JP)$
- moomoo news on individual Japanese stocks Sherry
The Nikkei average closed at 38,283.85 yen, up 257.68 yen from the previous trading day.
October nationwide CPI results to support a December rate hike ~ BNP Paribas
Expectation for the continued upward trend of Japanese stocks ~ Daiwa
What will happen with the start of the new Trump administration? ~ Mizuho
INPEX and oil resources are high, tension in Ukraine escalating, crude oil prices rising
Hot Stocks: $Inpex (1605.JP)$、 $Asahi Kasei (3407.JP)$
- moomoo news on individual Japanese stocks Sherry
Market Overview
The Nikkei average stock price on the Tokyo stock market today closed at 38,283.85 yen, up 257.68 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,696.53, up 13.72 points. Investor sentiment improved following the previous day's rise in US semiconductor stocks, leading to broad-based price increases.
The Nikkei average stock price on the Tokyo stock market today closed at 38,283.85 yen, up 257.68 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,696.53, up 13.72 points. Investor sentiment improved following the previous day's rise in US semiconductor stocks, leading to broad-based price increases.
Top News
National CPI for October supports the rate hike in December ~ BNP Paribas
BNP Paribas Securities points out that due to the base effect, the year-on-year comparison for October's national Consumer Price Index (CPI) may not seem impressive at first glance, but the CPI core excluding energy in October, when viewed on a month-on-month (seasonally adjusted) basis, showed a 0.4% significant growth. With an average of 0.3% since June and an annual rate of 3.7%, it is interpreted as a very strong figure by BNP Paribas.InflationBNP Paribas clearly sees a strengthening momentum, and believes that this result justifies the Bank of Japan's rate hike in December from a data perspective.
National CPI for October supports the rate hike in December ~ BNP Paribas
BNP Paribas Securities points out that due to the base effect, the year-on-year comparison for October's national Consumer Price Index (CPI) may not seem impressive at first glance, but the CPI core excluding energy in October, when viewed on a month-on-month (seasonally adjusted) basis, showed a 0.4% significant growth. With an average of 0.3% since June and an annual rate of 3.7%, it is interpreted as a very strong figure by BNP Paribas.InflationBNP Paribas clearly sees a strengthening momentum, and believes that this result justifies the Bank of Japan's rate hike in December from a data perspective.
Expectation of continued upward trend in Japanese stocks ~ Daiwa
At Daiwa Securities, with the US economy achieving a soft landing and Japan moving towards zero inflation, they anticipate an increase in TOPIX's EPS. While Trump's new administration policies pose the biggest risk for Japanese stocks, Daiwa sees it as less likely to be extremely positive or negative, and expects the continuation of the upward trend in Japanese stocks as the main scenario until the end of fiscal year 2025. They anticipate the financial sector to outperform due to expectations of rising government bond yields against the backdrop of overcoming zero inflation and relatively less impact from Trump's new administration policies.
At Daiwa Securities, with the US economy achieving a soft landing and Japan moving towards zero inflation, they anticipate an increase in TOPIX's EPS. While Trump's new administration policies pose the biggest risk for Japanese stocks, Daiwa sees it as less likely to be extremely positive or negative, and expects the continuation of the upward trend in Japanese stocks as the main scenario until the end of fiscal year 2025. They anticipate the financial sector to outperform due to expectations of rising government bond yields against the backdrop of overcoming zero inflation and relatively less impact from Trump's new administration policies.
What will happen with the start of the Trump administration? ~Mizuho
At Mizuho Securities, they are considering the impact of President Trump gaining the same policy decision freedom as eight years ago in the United States. The economic policies of the Republican Congress are broadly categorized into four: tax cuts, tariffs, deportation of illegal immigrants, and abolition of environmental regulations and subsidies. Among these policies, tax cuts and tariffs are noted to have the most direct impact at Mizuho. If all the promises advocated by the Trump administration are implemented, it is estimated that the U.S. GDP level will be impacted by +2.4% due to tax cuts, -1.41% due to tariffs, totaling +0.99%. China's GDP level is estimated to be impacted by +0.17% due to tax cuts, -0.52% due to tariffs, totaling -0.35%. Japan's GDP level is estimated to be impacted by +0.2% due to tax cuts, -0.22% due to tariffs, totaling -0.02%.
At Mizuho Securities, they are considering the impact of President Trump gaining the same policy decision freedom as eight years ago in the United States. The economic policies of the Republican Congress are broadly categorized into four: tax cuts, tariffs, deportation of illegal immigrants, and abolition of environmental regulations and subsidies. Among these policies, tax cuts and tariffs are noted to have the most direct impact at Mizuho. If all the promises advocated by the Trump administration are implemented, it is estimated that the U.S. GDP level will be impacted by +2.4% due to tax cuts, -1.41% due to tariffs, totaling +0.99%. China's GDP level is estimated to be impacted by +0.17% due to tax cuts, -0.52% due to tariffs, totaling -0.35%. Japan's GDP level is estimated to be impacted by +0.2% due to tax cuts, -0.22% due to tariffs, totaling -0.02%.
Kioxia is listed on December 18th, with an expected price of 1390 yen.
Kioxia Holdings, a leading semiconductor memory company (formerly Toshiba Memory), announced on the 22nd that it has been approved for listing on the Tokyo Stock Exchange. It will be listed on the TSE Prime Market on December 18th. The expected market capitalization is 750 billion yen. The expected offering price is 1390 yen per share.
Kioxia Holdings, a leading semiconductor memory company (formerly Toshiba Memory), announced on the 22nd that it has been approved for listing on the Tokyo Stock Exchange. It will be listed on the TSE Prime Market on December 18th. The expected market capitalization is 750 billion yen. The expected offering price is 1390 yen per share.
Hot stocks
INPEX and petroleum resources are expensive, with rising oil prices due to increased tension in the Ukraine situation.
$Inpex (1605.JP)$and $Japan Petroleum Exploration (1662.JP)$Expensive. On the 21st, the U.S. crude oil futures market saw an increase, with WTI (West Texas Intermediate) January 25th contracts rising by $1.35 to $70.10 per barrel. Russia attacked Ukraine with new medium-range missiles, and the U.S. revealed that it had provided anti-personnel mines to Ukraine. Against this backdrop of heightened combat between the two countries and increased geopolitical risks, crude oil prices are rising.
Related Articles
INPEX-MSMUFEG has lowered its target stock price and changed its target stock price calculation method.
INPEX and petroleum resources are expensive, with rising oil prices due to increased tension in the Ukraine situation.
$Inpex (1605.JP)$and $Japan Petroleum Exploration (1662.JP)$Expensive. On the 21st, the U.S. crude oil futures market saw an increase, with WTI (West Texas Intermediate) January 25th contracts rising by $1.35 to $70.10 per barrel. Russia attacked Ukraine with new medium-range missiles, and the U.S. revealed that it had provided anti-personnel mines to Ukraine. Against this backdrop of heightened combat between the two countries and increased geopolitical risks, crude oil prices are rising.
Related Articles
INPEX-MSMUFEG has lowered its target stock price and changed its target stock price calculation method.
Asahi Kasei - rebound. Asahi Kasei NS Energy to be absorbed through merger.
$Asahi Kasei (3407.JP)$Rebounding. The company announced on the 22nd at 1:00 p.m. that it will absorb and merge its wholly-owned subsidiary Asahi Kasei NS Energy. The subsidiary was established in 2004 as a joint venture with Nippon Steel (now Nippon Steel<5401.T>) for the purpose of supplying electricity and steam to the Nobeoka area of Miyazaki Prefecture and selling in the electricity market. It became the company's wholly-owned subsidiary on April 1, 2023, and is currently only operated for internal supply, hence the merger to further streamline business operations. The scheduled implementation date is April 1, 2025.
$Asahi Kasei (3407.JP)$Rebounding. The company announced on the 22nd at 1:00 p.m. that it will absorb and merge its wholly-owned subsidiary Asahi Kasei NS Energy. The subsidiary was established in 2004 as a joint venture with Nippon Steel (now Nippon Steel<5401.T>) for the purpose of supplying electricity and steam to the Nobeoka area of Miyazaki Prefecture and selling in the electricity market. It became the company's wholly-owned subsidiary on April 1, 2023, and is currently only operated for internal supply, hence the merger to further streamline business operations. The scheduled implementation date is April 1, 2025.
Source: Various company press releases, NHK, MINKABU, FISCO, Trader's Web
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