Tokyo Market Summary: Nikkei Average rebounds for the first time in 3 days, with the yen exchange rate in view of 145 yen if there is a 0.25% interest rate cut by the US. - Mr. Machida of ANZ
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The Nikkei average closed at 36,380.17 yen, up 176.95 yen from the previous trading day.
Japan's stock capital market is at its highest level in 20 years, driven by the sale of policy-held shares and IPOs.
The yen exchange rate is expected to reach 145 yen if the US interest rate is lowered by 0.25%, according to Mr. Machida of ANZ.
Toyota is making a comeback, focusing on the rapid depreciation of the yen and the PBR ratio falling below 1, which have caught attention.
Hot stocks: $Mazda Motor (7261.JP)$、 $Toyota Motor (7203.JP)$
- Moomoo News Japan Stock Sherry
The Nikkei average closed at 36,380.17 yen, up 176.95 yen from the previous trading day.
Japan's stock capital market is at its highest level in 20 years, driven by the sale of policy-held shares and IPOs.
The yen exchange rate is expected to reach 145 yen if the US interest rate is lowered by 0.25%, according to Mr. Machida of ANZ.
Toyota is making a comeback, focusing on the rapid depreciation of the yen and the PBR ratio falling below 1, which have caught attention.
Hot stocks: $Mazda Motor (7261.JP)$、 $Toyota Motor (7203.JP)$
- Moomoo News Japan Stock Sherry
Market Overview
On today's Tokyo Stock Market, the Nikkei Stock Average closed at 36,380.17 yen, up 176.95 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) ended at 2565.37, up 9.61 points. Among the 33 sectors, 23 sectors saw gains. The top sector was transportation equipment, followed by petroleum, coal, mining, and rubber products. The top sectors in decline were land transportation, air transportation, and pharmaceuticals.
On today's Tokyo Stock Market, the Nikkei Stock Average closed at 36,380.17 yen, up 176.95 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) ended at 2565.37, up 9.61 points. Among the 33 sectors, 23 sectors saw gains. The top sector was transportation equipment, followed by petroleum, coal, mining, and rubber products. The top sectors in decline were land transportation, air transportation, and pharmaceuticals.
Top News
Japan's equity capital markets (ECM) hit a 20-year high, driven by policy share sales and IPOs.
In 2024, Japan's Equity Capital Markets (ECM) reached approximately 2.9 trillion yen with IPOs, public offerings, and convertible bonds issuances, marking the highest level since fiscal year 2004.
Financial institutions contributing to the overall uptrend with the divestment of Toyota Motor and Honda Motor shares, fueling the expansion of the ECM market.
BofA Securities' Capital Markets division head, Shuji Nagata, predicts that the ECM market for this fiscal year will have a momentum of over 6 trillion yen and over 200 cases.
The increase in IPOs of startup companies, such as Timing's listing on the growth market, is expected to contribute to the revitalization of the market.
The market has calmed down since the volatile fluctuations in early August, and with the expectation of interest rate cuts in the United States and stable stock prices, the environment for companies to move towards IPOs is starting to take shape.
Japan's equity capital markets (ECM) hit a 20-year high, driven by policy share sales and IPOs.
In 2024, Japan's Equity Capital Markets (ECM) reached approximately 2.9 trillion yen with IPOs, public offerings, and convertible bonds issuances, marking the highest level since fiscal year 2004.
Financial institutions contributing to the overall uptrend with the divestment of Toyota Motor and Honda Motor shares, fueling the expansion of the ECM market.
BofA Securities' Capital Markets division head, Shuji Nagata, predicts that the ECM market for this fiscal year will have a momentum of over 6 trillion yen and over 200 cases.
The increase in IPOs of startup companies, such as Timing's listing on the growth market, is expected to contribute to the revitalization of the market.
The market has calmed down since the volatile fluctuations in early August, and with the expectation of interest rate cuts in the United States and stable stock prices, the environment for companies to move towards IPOs is starting to take shape.
Foreign exchange market: If the yen appreciates, ANZ's Mr. Machida expects a rate of around 145 yen with a 0.25% interest rate cut.
Ahead of the Federal Reserve Board's announcement of the results of the Federal Open Market Committee (FOMC) on the 18th local time, the yen-dollar exchange rate continues to be jittery in the foreign exchange market. Amid speculation about the possibility of a large interest rate cut by the Federal Reserve, we asked ANZ's Hiroshi Machida, Director of Foreign Exchange and Commodity Sales.
Ahead of the Federal Reserve Board's announcement of the results of the Federal Open Market Committee (FOMC) on the 18th local time, the yen-dollar exchange rate continues to be jittery in the foreign exchange market. Amid speculation about the possibility of a large interest rate cut by the Federal Reserve, we asked ANZ's Hiroshi Machida, Director of Foreign Exchange and Commodity Sales.
"Dividends" ranks 8th and maintains strong popularity in an unstable market environment. <Gainianbankuai> to watch.
Attention to high dividend stocks is expected to increase further as the dividend rights approach the end of September. Since around early August, when Japanese stocks experienced a major crash, individual investors' interest has been growing and popularity has remained strong. In an unstable market environment, defensive stocks that are less affected by economic conditions are likely to attract attention, as well as a focus on high dividend stocks that can provide stable and continuous dividends in the medium to long term without being concerned about short-term fluctuations.
Attention to high dividend stocks is expected to increase further as the dividend rights approach the end of September. Since around early August, when Japanese stocks experienced a major crash, individual investors' interest has been growing and popularity has remained strong. In an unstable market environment, defensive stocks that are less affected by economic conditions are likely to attract attention, as well as a focus on high dividend stocks that can provide stable and continuous dividends in the medium to long term without being concerned about short-term fluctuations.
Hot stocks
Toyota is making a comeback with a focus on the PBR that fell below 1x due to the rapid yen appreciation.
$Toyota Motor (7203.JP)$It has turned around for the first time in three days. The movement to search for lower prices continues, and the stock closed higher only one day in the past 10 business days, showing a weak performance. The stock price has dropped by more than 370 yen during this period. Today, it is showing a sign of recovery in the battle over the 5-day moving average line in the mid-2400 yen range, which had been a resistance line.
Toyota is making a comeback with a focus on the PBR that fell below 1x due to the rapid yen appreciation.
$Toyota Motor (7203.JP)$It has turned around for the first time in three days. The movement to search for lower prices continues, and the stock closed higher only one day in the past 10 business days, showing a weak performance. The stock price has dropped by more than 370 yen during this period. Today, it is showing a sign of recovery in the battle over the 5-day moving average line in the mid-2400 yen range, which had been a resistance line.
Mazda - significant rebound, firm movement of automobile stocks with the reversal of the strong dollar and weak yen.
$Mazda Motor (7261.JP)$It has rebounded significantly. Today, the firm movement of automobile stocks is conspicuous, with transportation equipment topping the industry's growth rate, leading to the firm movement of automobile stocks. The foreign exchange market turned into a stronger dollar and weaker yen trend in the overseas market the day before, leading to interest in automobile stocks. In the USA, economic indicators such as industrial production and retail revenue have exceeded market expectations, leading to a retreat of excessive concerns about an economic slowdown, with some easing of expectations for a substantial interest rate cut by the FOMC.
$Mazda Motor (7261.JP)$It has rebounded significantly. Today, the firm movement of automobile stocks is conspicuous, with transportation equipment topping the industry's growth rate, leading to the firm movement of automobile stocks. The foreign exchange market turned into a stronger dollar and weaker yen trend in the overseas market the day before, leading to interest in automobile stocks. In the USA, economic indicators such as industrial production and retail revenue have exceeded market expectations, leading to a retreat of excessive concerns about an economic slowdown, with some easing of expectations for a substantial interest rate cut by the FOMC.
Source: MINKABU, Bloomberg, fisco, QUICK Money World
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