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Tokyo Market Summary: Nikkei Stock Average falls in positive zone except for “NVIDIA Brothers”

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moomooニュース日本株 wrote a column · Mar 15 01:21
Tokyo Market Summary: Nikkei Stock Average falls in positive zone except for “NVIDIA Brothers”
Hello Moomoo users! Thank you very much for your hard work.Today's stock price summary is as follows. Thank you in advance.
●The Nikkei Stock Average ended at 38707.64 yen, 99.74 yen lower than the previous business day
● Will the Spring Battle, where expectations are rising, be the decisive hit for Bank of Japan normalization - today's coalition is counting for the 1st round
● Even though the Bank of Japan lifted negative interest rates this month, the spring battle is “stronger than I thought” - Mr. Yuri Okina
● Nippon Steel insists in a statement that it will complete the acquisition of US Steel with “strong determination”
● Attention to the handle: $Nippon Steel(5401.JP)$ $Nissan Motor(7201.JP)$etc
-MooMoo News Japan Stock Zeber

Market Overview
Today's Nikkei Stock Average ended at 38707.64 yen, 99.74 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended at 2670.80, 9.21 points higher in the Tokyo Stock Exchange.
Top news
The Nikkei Stock Average depreciates by 99 yen except for the “NVIDIA Brothers,” which is positive
The Nikkei Stock Average fell in the Tokyo Stock Exchange on the 15th, and the closing price was 38,707 yen, 99 yen (0.3%) lower than the previous day. In response to the trend where high-tech stocks plummeted in the US market the day before, and although they fell close to 300 yen immediately after getting close, the decline narrowed. After breaking through the 40,000 yen range for the first time, people are aware of the weight of the increase, but there are also many voices in the market pointing out the solidity.

Will the Spring Battle, where expectations are rising, be the decisive hit for Bank of Japan normalization - today's coalition is counting for the 1st round
This year's spring labor-management negotiations (spring battles) have been met one after another by large companies, and expectations are high for wage increases above last year, which was a high level for the first time in about 30 years. While there are observations that the Bank of Japan will decide to raise interest rates for the first time in 17 years next week, the level of attention is higher than ever, as the Bank of Japan places emphasis on spring battle trends as judgment materials.

The Bank of Japan lifted negative interest rates this month, but the spring battle is “stronger than I thought” - Mr. Yuri Okina
Mr. Yuri Okina, who is from the Bank of Japan and is the chairman of the government tax system research committee, expressed the view that wage increase trends in spring battles one after another are stronger than expected, and there is a possibility that the Bank of Japan will go through policy normalization such as canceling negative interest rates at the monetary policy meeting next week.

Will Japanese corporate bonds and samurai bonds be issued at a high level in fiscal year 24 - outlook of 5 securities companies
Regardless of the Bank of Japan's monetary policy, major domestic securities companies predict that corporate bonds of Japanese companies and issuance of yen denominated bonds (samurai bonds) by overseas issuers will continue to be strong in 2024.

After the Bank of Japan meeting, we will search for the key points of the Ueda Governor's press conference whether the yen is strong or the yen depreciates = Mr. Yamada Shusuke
As structural foreign investment puts downward pressure on the Japanese yen, the consensus is that the dollar/yen will also be adjusted this year due to the convergence of Japan-US monetary policies.

Notable stocks
Nippon Steel insists in a statement that it will complete the US Steel acquisition with “strong determination”
$Nippon Steel(5401.JP)$ Is on the 15th, $United States Steel(X.US)$ A statement was issued stating that the acquisition will be completed “under strong determination.” US President Biden showed an attitude of not backing down even though they are calling for US Steel to continue to exist as an enterprise with US capital.

Nissan Motor Co., Ltd. and Honda, both presidents will hold a press conference from 3:30 p.m.
$Nissan Motor(7201.JP)$ with $Honda Motor(7267.JP)$ It was announced on the 15th that a joint press conference will be held in Tokyo from 3:30 p.m. on the same day. Nissan President Uchida Makoto and Honda President Mibe Toshihiro will attend.

Distributor: Bloomberg, Nihon Keizai Shimbun, Jiji Press, QUICK Money World, Traders WebReuters
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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