Tokyo Market Summary: Taking over the trend of falling Nikkei Average and rising long-term interest rates in the US

Hello Moomoo users!Thank you for your hard work on the big draw. Today's stock market summary is as follows. Thank you for your support.
● The Nikkei Average ended at 32271.82 yen, 436.66 yen lower than the previous business day
● Bonds fall, take over the trend of rising long-term US interest rates - price linked bond bidding is sluggish
●Are the interim financial results of the five major trading companies still appealing to Mr. Buffett? Check from 5 perspectives
● Nintendo is interested in whether performance will be revised upward in response to the depreciation of the yen What is the Switch sales forecast for the year-end sales season?
●NTT 23Q2 (April-September) financial results (consolidated): EPS 7.87 yen (forecast 7.37 yen), sales 6.36 trillion yen (forecast 6.53 trillion yen)
● Notable stocks: $Mitsubishi(8058.JP)$、 $Mitsui(8031.JP)$、 $Nippon Telegraph & Telephone(9432.JP)$、 $Nintendo(7974.JP)$etc
-MooMoo News Japan Stock Zeber

Market Overview
Today's Nikkei Stock Average ended at 32271.82 yen, 436.66 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 27.55 points to 2332.91 in the Tokyo Stock Exchange.

Top news
Bonds fall, take over the trend of rising long-term US interest rates - price linked bond bidding is sluggish
The bond exchange rate fell on the 7th. It has taken over the trend where long-term interest rates have risen due to concerns about continued interest rate hikes remaining in the US and about mass issuance of corporate bonds. The fact that the Bank of Japan's policy revision observations are strong is also significant. Bidding for price-linked bonds was sluggish, but the impact on the market price was limited.

“Pseudo small to medium enterprises” evade taxes, capital reduction companies continue to increase by 30%, and tax revenue declines
Since companies with capital of 100 million yen or more evade payment of external standard taxation, there have been a series of movements to reduce capital and become “pseudo-small to medium enterprises.” The number of companies that reduced their capital to 100 million yen or less in fiscal 2022 increased 30% from fiscal year 21. If left untreated, there is a risk that the fairness of tax burdens and securing the stability of tax revenue will fluctuate, so the Ministry of Internal Affairs and Communications is rushing to take countermeasures.

Are the interim financial results of the five major trading companies still appealing to Mr. Buffett? Check from 5 perspectives
5 major trading companies ( $Mitsubishi(8058.JP)$、 $Mitsui(8031.JP)$、 $ITOCHU(8001.JP)$、 $Sumitomo(8053.JP)$、 $Marubeni(8002.JP)$) financial results for the 2nd quarter (April-September) of the fiscal year ending 2024/3 have been completed. Although each company fell short of the previous fiscal year, which benefited from high resources, the entire company revised its full-year net profit forecast upward in response to the depreciation of the yen.

Notable stocks
[Financial Results Preview] Nintendo is interested in whether there are upward revisions to earnings due to the depreciation of the yen What is the Switch sales forecast for the year-end sales season?
$Nintendo(7974.JP)$Financial results for the 2nd quarter (April-September, 2Q) of the fiscal year ending 2024/3 will be disclosed at 3:30 p.m. on 11/7. The market forecast for 2Q (July-September only) (as of 11/6) is sales of 316.4 billion yen and earnings per share (EPS) of 63.98 yen. There is growing interest in whether there are any upward revisions to earnings due to the depreciation of the yen, etc., and the sales outlook for Switch ahead of the year-end sales season. According to company forecasts, sales and profit are expected to decline for the full fiscal year ending 2024/3.

[Invoice Report] NTT 23Q2 (4-Sep) Settlement (link): EPS7.87 yen (7.37 yen) with a high price of 6.36 trillion yen (6.53 trillion yen).
$Nippon Telegraph & Telephone(9432.JP)$Consolidated financial results (international accounting standards = IFRS) for the 2nd quarter (April-9) of the fiscal year ending 2014/3 were announced later on 11/7. EPS (earnings per share) is 7.87 yen, and the forecast is 7.37 yen. Sales are 6.36 trillion yen, and the forecast is 6.53 trillion yen.

Mitsui & Co. - Russian LNG business against U.S. sanctions for the first time in 5 days “impact is inevitable” Minister of Economy, Trade and Industry Nishimura = Nikkei
$Mitsui(8031.JP)$fell for the first time in 5 days. The electronic edition of the Nihon Keizai Shimbun reported at 13:23 on the 7th that Minister of Economy, Trade and Industry Nishimura Yasutoshi mentioned at the press conference on the 7th that the US government included Russia's LNG development business “Arctic 2,” in which the Japanese team is participating, in the target of additional sanctions, and stated that “a certain degree of impact on business is inevitable.”

Asahi Kasei revises current fiscal year's current account for the current fiscal year downward by 19%
$Asahi Kasei(3407.JP)$[Tokyo Stock Exchange P] announced financial results on 11/7 noon (12:30). Consolidated ordinary income for the 2nd quarter of the fiscal year ending 2014/3 (April-9) fell 39.8% from the same period last year to 52 billion yen.

Distribution source: Bloomberg, Nihon Keizai Shimbun, MINKABU, Traders Web