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

Tokyo Market Summary: Nikkei average rebounds for the first time in 7 days, semiconductor-related stocks are strong.

avatar
moomooニュース日本株 wrote a column · Dec 23, 2024 14:39
Tokyo Market Summary: Nikkei average rebounds for the first time in 7 days, semiconductor-related stocks are strong.
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.
Tokyo Market Summary: Nikkei average rebounds for the first time in 7 days, semiconductor-related stocks are strong.

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.
Kawasaki Heavy Industries - significantly higher. It is reported that President Trump is requesting NATO member countries to increase defense spending to 5% of GDP.
$Kawasaki Heavy Industries (7012.JP)$ is sharply higher. It is seen as significant news that President Trump, the next President of the United States, intends to request NATO member countries to increase defense spending to 5% of Gross Domestic Product (GDP) based on some reports.

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.

Advantest - Sharp rebound for the first time in 3 days, up 3% on the high-tech stock rally, NVIDIA up 3%.
$Advantest (6857.JP)$ Up sharply for the third consecutive day. The rise in U.S. high-tech stocks is being well received.
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.
Tokyo Keiki - Marusan raises target stock price, revises upwards performance forecast for solid marine port equipment business.
$TOKYO KEIKI (7721.JP)$Significantly higher. Marusan Securities has revised upwards its performance forecast for the solid marine port equipment business. They continue to recommend a 'Buy' investment decision and have raised the target stock price from 3700 yen to 4000 yen.
Sekisui Chemical is performing well, starting a joint verification experiment with Mitsubishi UFJ Bank on film-type perovskite solar cells.
$Sekisui Chemical (4204.JP)$ Moves steadily higher. On this day, $Mitsubishi UFJ Financial Group (8306.JP)$Announced a joint initiative with its subsidiary Mitsubishi UFJ Bank to start the verification experiment of film-type perovskite solar cells, which is viewed as positive news.
Nisshis Technical Co., Ltd. has reached a new high in its listing history with three consecutive gains, showing strong momentum with soaring sales and operating profit.
$Japan System Techniques (4323.JP)$The stock rose for three consecutive days, with a sudden increase of nearly 10% to 2,263 yen, pushing the stock price level up at once. It erased the all-time high of 2,125 yen (adjusted stock price) set on March 4 and jumped into the blue sky territory.

Source: Various company releases, MINKABU, FISCO, Trader's Web
Tokyo Market Summary: Nikkei average rebounds for the first time in 7 days, semiconductor-related stocks are strong.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
25
1
1
+0
See Original
Report
301K Views
Comment
Sign in to post a comment
    avatar
    moomooニュース日本株
    moomoo News Official Account
    23K
    Followers
    4
    Following
    242K
    Visitors
    Follow