Tokyo market summary: Nikkei Stock Average rebounds, with buying in resource-related stocks and others.
Hello, Moomoo users! Good work on the market close.Today's stock market summary is as follows. Thank you.The Nikkei Stock Average ended at 40,369.44 yen, up 201.37 yen from the previous trading day.Japanese stocks rebounded, buoyed by solid US economic indicators and buying in resource-related stocks.The end of electricity and gas subsidies could push up Japan's prices - BOJ policy is complex.In April, prices increased for 2,806 food items, including sausages, according to a private survey.Kobayashi Pharmaceutical saw a sharp rise in the afternoon, with a press conference starting around 2 o'clock.Hot Stocks: $Kobayashi Pharmaceutical (4967.JP)$, $Rohm (6963.JP)$etc.moomoo News Japanese Stocks ZeberMarket OverviewThe Nikkei stock average on the Tokyo stock market today closed at 40,369.44 yen, up 201.37 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) closed at 2,768.62, up 17.81 points. Top NewsJapanese stocks rebounded on positive US economic indicators, with buying seen in resource-related stocks.The Tokyo stock market rebounded on the 29th. The final value of the US Consumer Sentiment Index exceeded market expectations, reaching the highest level since July 2021, improving investor sentiment. Real estate, banks, automobiles, and machinery stocks are performing well. New York crude oil futures rebounded for the first time in three days, boosting mining and oil and coal-related stocks.The end of subsidies for electricity and gas bills is expected to push up prices in Japan - Bank of Japan's policies are complex.The government will end the measures to reduce the burden of electricity and gas bills that it has been implementing as a measure against inflation in May. As a result, there is a high probability that Japan's inflation rate will rise towards 3% during the summer, which could make policy management in the future more complicated for the Bank of Japan, which is moving towards normalizing monetary policy.Private survey: Price increases in 2,806 food items including sausages in April.On the 29th, Teikoku Databank announced that 195 major food companies will raise prices for 2,806 items in April. This is the first time in 6 months since October 2023 that the number of items exceeded 2,000. Although it decreased by about 50% compared to the 5,404 items in the same month of the previous year, the trend of passing on the increase in raw material prices and the increase in labor and logistics costs to sales prices is also spreading.Bonds fall as cautious about the reduction of BOJ's government bond purchases - The 2-year bond auction results were uneventful.Bond prices fell on the 29th. The market was weighed down by expectations that the Bank of Japan will reduce its purchases of government bonds in the near future. The 2-year government bond auction held on the same day resulted in uneventful results.Hot stocksKobayashi Pharmaceutical - Rapid rise in the afternoon. It seems that the company's press conference starting around 2 p.m. today is being viewed as a material event. There seems to be buying interest in anticipation of clarifying the cause and improving the situation.$Kobayashi Pharmaceutical (4967.JP)$is showing a rapid rise in the afternoon. It seems that there is buying interest in anticipation of clarifying the cause and improving the situation, as the company is holding a press conference starting around 2 p.m. today.Rohm has announced that it will begin discussions with Toshiba to strengthen their semiconductor business, and a capital alliance is also being considered.$Rohm (6963.JP)$On the 29th, Japan Industrial Partners (JIP) announced that it has proposed to start discussions with Rohm and Toshiba to strengthen their semiconductor business collaboration. They also expressed their intention to consider a capital alliance in the future.Suzuki and Hitachi Astemo have joined the Automotive Advanced Semiconductor Consortium, for which the Japanese government will provide 1 billion yen in subsidies.The Automotive SoC Technology Research Association (ASRA) composed of five Japanese automakers and 12 semiconductor-related companies, aims to develop high-performance semiconductors used in autonomous driving and other applications. On the 29th, it announced that Suzuki and Hitachi Astemo will join the association. $Suzuki (6785.JP)$The Ministry of Economy, Trade and Industry has announced that it will provide approximately 1 billion yen in subsidies for ASRA's research and development.配信元:Bloomberg、日本経済新聞、時事通信、QUICK Money World、トレーダーズ・ウェブ,Reuters
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