Hello, MOOMOO users!Good job on the closing bell. Here is today's stock market overview. Thank you. The Nikkei average is 39,161 yen, up 459 yen from the previous business day. ● Metaplanet - Sharp decline Bitcoin, selling reported in the cryptocurrency sector towards a weekly decline. Kawasaki Heavy Industries - significant increase. President Trump is reported to demand NATO member countries to allocate 5% of GDP to defense spending. Advantest - Sharp rebound for the first time in three days, benefiting from the rise in US tech stocks NVIDIA up by 3% Ise Kogyo - Marked rebound, upward revision of earnings and dividend estimates Tokyo Keiki - Marusan raises target price, upwardly revises profit forecast for solid performance in the shipping port equipment business Hot Stocks:$Metaplanet (3350.JP)$、$Kawasaki Heavy Industries (7012.JP)$、$Advantest (6857.JP)$etc MOOMOO News on Japanese Stocks Kingsley
Market Overview In today's Tokyo stock market, the Nikkei average stock price closed at 39,161.34 yen, up 459.44 yen from the previous trading day, while the TOPIX stock price index closed at 2,726.74, up 24.75 points. The U.S. stock market saw all major three indices rise over the weekend, following the favorable reaction to lower-than-expected U.S. inflation indicators and the avoidance of a U.S. government agency shutdown.。As a result, today's Tokyo stock market saw a rebound, primarily in high-tech stocks such as semiconductors. The yen remained strong, with limited yen selling following concerns over the Finance Minister's comments on exchange rate movements over the weekend.
Top News Metaplanet - Bitcoin falls sharply, reportedly heading for a weekly decline in cryptocurrency-related selling. $Metaplanet (3350.JP)$Falling sharply. Bloomberg reported on the 23rd that as of 2:50 pm New York time on the 22nd (4:50 am on the 23rd in Japan), Bitcoin had fallen by over 7% in the past 7 days, marking the largest weekly decline since September. It is said that the broader index of virtual currencies, including Ethereum and Dogecoin, fell by about 10%. According to the article, on the 18th, the FOMC decided to cut interest rates for the third consecutive time, while hinting at a deceleration in next year's pace of monetary easing towards inflation control. This hawkish policy shift by the authorities was also seen to cool down speculative fever in the cryptocurrency market.
Hot stocks "Real Estate Related" ranks 30th, re-evaluated due to the Bank of Japan's decision to postpone additional rate hikes <GAINIANBANKUAI focus>. "Real Estate Related" ranked 30th in the "Popular Theme Ranking" compiled by Min-Kabu and Kabusarch. There is growing reconsideration of real estate-related stocks in the stock market. At the Bank of Japan's monetary policy meeting held on the 18th and 19th, the current monetary policy was announced to be maintained and additional rate hikes were postponed. Since major real estate companies have high levels of debt and rate hikes are expected to have a negative impact, the decision to postpone further rate hikes is seen as a positive factor for stock prices.
Ise Kaken - significant rebound, upward revision of performance and dividend forecasts. $Ise Chemicals (4107.JP)$A significant rebound. The company announced an upward revision of its performance and dividend forecast last weekend. For the fiscal year ending December 2024, the operating profit is expected to increase from the previous forecast of 6.8 billion yen to 7.7 billion yen, a 45.4% increase from the previous year. This was driven by the international market for iodine exceeding expectations, as well as the positive impact of the depreciation of the yen's exchange rate on performance.