Tokyo Market Summary: Nikkei Average sharply rebounded due to Prime Minister Ishiba's "change of heart" statement, leading to a weaker yen and soaring stocks. Caution towards interest rate hikes.
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● The Nikkei average closed at 38,552.06 yen, up 743.30 yen from the previous trading day.
● Naoto BoJ Policy Board Member emphasizes the importance of patiently maintaining an accommodating financial environment.
● The USD/JPY exchange rate surpassed the 147 yen level for the first time in a month, without rushing to raise or lower rates. Buying dollars and selling yen.
Mitsubishi UFJ and other mega banks are not doing well, with selling pressure easing after Prime Minister Ishiba's comments on interest rate hikes.
INPEX and ENEOS have risen for 3 consecutive days, with WTI prices temporarily in the $72 range due to escalating tensions in the Middle East.
Nippon Yusen stands out with consecutive all-time high listings, highlighting its undervaluation, and the geopolitical risks in the Middle East do not become negative factors.
Hot Stocks: $Nippon Yusen Kabushiki Kaisha (9101.JP)$、 $Inpex (1605.JP)$、 $Mitsui Fudosan (8801.JP)$、 $Mitsubishi Estate (8802.JP)$
- Moomoo News Japan Stock Sherry
● The Nikkei average closed at 38,552.06 yen, up 743.30 yen from the previous trading day.
● Naoto BoJ Policy Board Member emphasizes the importance of patiently maintaining an accommodating financial environment.
● The USD/JPY exchange rate surpassed the 147 yen level for the first time in a month, without rushing to raise or lower rates. Buying dollars and selling yen.
Mitsubishi UFJ and other mega banks are not doing well, with selling pressure easing after Prime Minister Ishiba's comments on interest rate hikes.
INPEX and ENEOS have risen for 3 consecutive days, with WTI prices temporarily in the $72 range due to escalating tensions in the Middle East.
Nippon Yusen stands out with consecutive all-time high listings, highlighting its undervaluation, and the geopolitical risks in the Middle East do not become negative factors.
Hot Stocks: $Nippon Yusen Kabushiki Kaisha (9101.JP)$、 $Inpex (1605.JP)$、 $Mitsui Fudosan (8801.JP)$、 $Mitsubishi Estate (8802.JP)$
- Moomoo News Japan Stock Sherry
Market Overview
In today's Tokyo stock market, the Nikkei Stock Average closed at 38,552.06 yen, up 743.30 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) closed at 2,683.71, up 31.75 points. The USD/JPY exchange rate on the 3rd is hovering around the mid-146 yen level. The USD/JPY strengthened following the substantial increase in the Nikkei Stock Average and recovered to the 147 yen level around 10 a.m. Dollar purchases for actual demand by domestic importing companies also provided support.
In today's Tokyo stock market, the Nikkei Stock Average closed at 38,552.06 yen, up 743.30 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) closed at 2,683.71, up 31.75 points. The USD/JPY exchange rate on the 3rd is hovering around the mid-146 yen level. The USD/JPY strengthened following the substantial increase in the Nikkei Stock Average and recovered to the 147 yen level around 10 a.m. Dollar purchases for actual demand by domestic importing companies also provided support.
Top News
Naoto, a member of the Bank of Japan's Monetary Policy Committee, believes that it is important to patiently maintain a accommodative financial environment.
BOJ Policy Board Member Noguchi opposed the additional rate hike in July, stating that it is necessary to more cautiously assess the improvement of the economic situation due to the penetration of wage increases based on data. It is important to gradually adjust monetary easing while confirming that prices are stabilizing around 2%. He also mentioned the importance of maintaining a patient accommodative monetary environment. Noguchi, known as the most dovish member, was one of the dissenters against the additional rate hike at the July meeting.
Naoto, a member of the Bank of Japan's Monetary Policy Committee, believes that it is important to patiently maintain a accommodative financial environment.
BOJ Policy Board Member Noguchi opposed the additional rate hike in July, stating that it is necessary to more cautiously assess the improvement of the economic situation due to the penetration of wage increases based on data. It is important to gradually adjust monetary easing while confirming that prices are stabilizing around 2%. He also mentioned the importance of maintaining a patient accommodative monetary environment. Noguchi, known as the most dovish member, was one of the dissenters against the additional rate hike at the July meeting.
The USD/JPY pair broke through the 147 yen level for the first time in a month, without rushing into rate hikes or cuts, seeing USD buying and JPY selling.
The USD/JPY pair surpassed the 147 yen level for the first time in a month since September 3rd. With Mr. Ishiba switching from hawkish to dovish, expectations of an additional rate hike by the BOJ have receded. On the other hand, Chair Powell of the Federal Reserve Board has shown a cautious attitude towards rate cuts. Expectations of a substantial rate cut in the US have diminished following the release of the September ADP employment figures, which exceeded forecasts.
The USD/JPY pair surpassed the 147 yen level for the first time in a month since September 3rd. With Mr. Ishiba switching from hawkish to dovish, expectations of an additional rate hike by the BOJ have receded. On the other hand, Chair Powell of the Federal Reserve Board has shown a cautious attitude towards rate cuts. Expectations of a substantial rate cut in the US have diminished following the release of the September ADP employment figures, which exceeded forecasts.
Hot stocks
The shipping company stands out with record high updates every day, highlighting its undervaluation, while the geopolitical risks in the Middle East do not become negative factors.
$Nippon Yusen Kabushiki Kaisha (9101.JP)$It made a sharp rebound and temporarily extended its upper limit to ¥5,543, a 4.7% increase. It is showing momentum with a new all-time high for the second consecutive day. Recently, buying interest in marine shipping stocks has become active again, as expectations are rising due to the escalating tensions in the Middle East pushing up container shipping rates and increasing profits. The crisis risk is in a favorable position to induce buying instead. In addition, there is a high expectation that the logistics will be disrupted due to an imminent strike by dockworkers on the US East Coast, which is expected to lead to a rise in freight rates.
The shipping company stands out with record high updates every day, highlighting its undervaluation, while the geopolitical risks in the Middle East do not become negative factors.
$Nippon Yusen Kabushiki Kaisha (9101.JP)$It made a sharp rebound and temporarily extended its upper limit to ¥5,543, a 4.7% increase. It is showing momentum with a new all-time high for the second consecutive day. Recently, buying interest in marine shipping stocks has become active again, as expectations are rising due to the escalating tensions in the Middle East pushing up container shipping rates and increasing profits. The crisis risk is in a favorable position to induce buying instead. In addition, there is a high expectation that the logistics will be disrupted due to an imminent strike by dockworkers on the US East Coast, which is expected to lead to a rise in freight rates.
INPEX and ENEOS have risen for the third day, and with the Middle East tensions escalating, WTI prices briefly reached the $72 range.
$Inpex (1605.JP)$and $ENEOS Holdings (5020.JP)$It rose for the third consecutive day. On the 2nd, the US crude oil futures market saw an increase, with WTI (West Texas Intermediate) for the November contract rising by $0.27 to $70.10 per barrel. Buys influenced by the tense situation in the Middle East have been flowing in, pushing the price up to the $72 range temporarily.
$Inpex (1605.JP)$and $ENEOS Holdings (5020.JP)$It rose for the third consecutive day. On the 2nd, the US crude oil futures market saw an increase, with WTI (West Texas Intermediate) for the November contract rising by $0.27 to $70.10 per barrel. Buys influenced by the tense situation in the Middle East have been flowing in, pushing the price up to the $72 range temporarily.
Mitsubishi UFJ and other major banks are lackluster, with selling pressure due to expectations of a retreat in interest rate hikes following Prime Minister Ishiba's statement.
$Mitsubishi UFJ Financial Group (8306.JP)$and $Sumitomo Mitsui Financial Group (8316.JP)$、 $Mizuho Financial Group (8411.JP)$Megabanks, among other things, are not doing well. It was reported that Prime Minister Shigeru Ishiba, who met with Bank of Japan Governor Haruhiko Kuroda on the evening of the 2nd, expressed his belief to the press that he did not think they were currently in an environment to implement additional interest rate hikes.
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Mitsui Fudosan and other real estate stocks rose across the board due to Prime Minister Ishiba's comments, leading to buybacks following a retreat in early rate hike expectations.
$Mitsubishi UFJ Financial Group (8306.JP)$and $Sumitomo Mitsui Financial Group (8316.JP)$、 $Mizuho Financial Group (8411.JP)$Megabanks, among other things, are not doing well. It was reported that Prime Minister Shigeru Ishiba, who met with Bank of Japan Governor Haruhiko Kuroda on the evening of the 2nd, expressed his belief to the press that he did not think they were currently in an environment to implement additional interest rate hikes.
Related article
Mitsui Fudosan and other real estate stocks rose across the board due to Prime Minister Ishiba's comments, leading to buybacks following a retreat in early rate hike expectations.
Nitori HD continues to decline, with a negative view on the slowdown in same-store sales growth for September.
$Nitori Holdings (9843.JP)$Fell further. The company had announced the monthly trends in September the previous day. Same-store sales increased by 1.4% compared to the same month last year, marking a second consecutive month of growth, but the growth rate slowed from the previous month's 7.8% increase. While the number of customers increased by 9.9%, the average spending per customer decreased by 7.7%. Excluding the impact of days of the week, it seems that there was a decrease of 0.5%.
$Nitori Holdings (9843.JP)$Fell further. The company had announced the monthly trends in September the previous day. Same-store sales increased by 1.4% compared to the same month last year, marking a second consecutive month of growth, but the growth rate slowed from the previous month's 7.8% increase. While the number of customers increased by 9.9%, the average spending per customer decreased by 7.7%. Excluding the impact of days of the week, it seems that there was a decrease of 0.5%.
Semiconductors ranked 5th, TDK develops low power consumption 'Spin Memory Star' <Highlighted Theme>
As the use of AI expands, the energy consumed by computers is increasing explosively, meanwhile, $TDK (6762.JP)$on the 2nd, announced the development of an analog memory device called 'Spin Memoryista' that electrically mimics the synapses of the human brain. It is said to be able to reduce power consumption to one-tenth compared to AI processing with equivalent performance of image processing semiconductors (GPUs), and it is stated that in the future they will partner with Tohoku University's International Center for Integrated Electronics Research and Development toward practical application. AI consumes a large amount of power during calculations, making the increase in power consumption of data centers a global issue. One means of addressing these challenges expected to save energy consumption is semiconductors, with 'photonics semiconductors' being particularly noteworthy. Combining the characteristics of light and semiconductors, light consumes less energy than electricity and is less likely to cause delays, reducing energy waste and processing delays. As a related stock, $Dexerials (4980.JP)$and $THine Electronics (6769.JP)$such as, etc. can be mentioned.
As the use of AI expands, the energy consumed by computers is increasing explosively, meanwhile, $TDK (6762.JP)$on the 2nd, announced the development of an analog memory device called 'Spin Memoryista' that electrically mimics the synapses of the human brain. It is said to be able to reduce power consumption to one-tenth compared to AI processing with equivalent performance of image processing semiconductors (GPUs), and it is stated that in the future they will partner with Tohoku University's International Center for Integrated Electronics Research and Development toward practical application. AI consumes a large amount of power during calculations, making the increase in power consumption of data centers a global issue. One means of addressing these challenges expected to save energy consumption is semiconductors, with 'photonics semiconductors' being particularly noteworthy. Combining the characteristics of light and semiconductors, light consumes less energy than electricity and is less likely to cause delays, reducing energy waste and processing delays. As a related stock, $Dexerials (4980.JP)$and $THine Electronics (6769.JP)$such as, etc. can be mentioned.
Source: MINKABU, Bloomberg, FISCO
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暇老人 : Has the yen weakened and the dollar strengthened again? The next milestone depends on the usa
President.