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Tokyo market summary: Nikkei average has fallen sharply for the fourth consecutive day, with notable declines in semiconductor-related stocks.

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moomooニュース日本株 wrote a column · Jul 22 01:08
Tokyo market summary: Nikkei average has fallen sharply for the fourth consecutive day, with notable declines in semiconductor-related stocks.
Hello to all moomoo users!Thank you for your hard work until closing. Here is today's overview of the stock market. Thank you in advance.
The Nikkei average closed at 39,599.00 yen, down 464.79 yen from the previous trading day.
Japanese stocks waver amid the Trump market, with increased uncertainty due to Biden's withdrawal.
Biden's withdrawal adds uncertainty, confusing machinery, and creating headwinds for the yen carry trade once again.
Mitsubishi Heavy Industries stock continues to decline, with profit-taking sales and buying on the news of parts for Airbus.
Hot stocks: $Nippon Steel (5401.JP)$ $Tokyo Electron (8035.JP)$ $Advantest (6857.JP)$ $Mitsubishi Heavy Industries (7011.JP)$etc
- Moomoo News Japan Stock Sherry
Market Overview
In today's Tokyo stock market, the Nikkei average stock price closed at 39,599.00 yen, down 464.79 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2827.53, down 33.30 points.
Top news
Japanese stocks, Trump's market fluctuation, and increased uncertainty with Biden's withdrawal.
Following the significant decline in high-tech stocks in the US stock market last weekend, the trend continued. $Tokyo Electron (8035.JP)$Ya. $Advantest (6857.JP)$Mainstay stocks such as semiconductors saw selling pressure centered around the stock market. In the morning Japan time, it was reported that President Biden of the USA plans to withdraw from the November presidential election. "Trump trade," which has been active recently in the stock market, looking for industries likely to benefit from Mr. Trump's reelection, seems to have slowed down recently.
Related articles
Biden's withdrawal creates uncertainty, again a headwind for the machinery carry trade
Bitcoin hits 1-month high - hopes for a Trump victory supporting cryptocurrencies
Cryptocurrency (virtual currency) bitcoin rose to its highest level in about a month in Asia trading on the 22nd. The market is trying to assess the impact of the announcement by US President Biden of his withdrawal from the 2024 presidential election. IG Australia's market analyst, Tony Sycamore, analyzed the rise in the market, saying, "The market reflects the view that the Democratic Party led by Vice President Harris will not be able to surpass Mr. Trump in the presidential election and that under the US president's support for cryptocurrencies, a new dawn will come for bitcoin."
注目銘柄
Mitsubishi Heavy Industries' stock continued to decline, with profit-taking sales and buying on news of parts for Airbus.
$Mitsubishi Heavy Industries (7011.JP)$Mitsubishi Heavy Industries' stock continued to decline for the 3rd day, falling to 1,842.50 yen at one point, down 3.25%. Despite a significant increase since June, profit-taking sales have emerged due to the overall weakness in the stock market. The morning edition of the Nihon Keizai Shimbun on the 22nd reported, "Mitsubishi Heavy Industries has signed a contract to supply parts to Airbus for small passenger planes," and there were moments of increase in buying sentiment based on this news in the morning.
Wellcia shares temporarily rose 4.25% in response to the sale of prescription drugs with Amazon.
$Welcia Holdings (3141.JP)$It is currently experiencing a reverse rally, reaching a high of 2,025 yen and 50 sen, up 4.25%. According to the Nikkei electronic version on the morning of the 22nd, Amazon Japan (Meguro, Tokyo) plans to collaborate with leading drugstore chains like Wellcia to start selling prescription drugs online by 2024. The partnership with Amazon, which is said to have 50 million domestic users, has attracted buyers due to expectations of future revenue contribution.
Nippon Steel strengthens efforts to acquire US Steel by appointing Mike Pompeo, the former Secretary of State under the Trump administration. The company stated to Reuters, "We look forward to working with Mr. Pompeo to further emphasize that the acquisition of US Steel by Nippon Steel will enhance the US economy and national security."
$Nippon Steel (5401.JP)$On the 20th, Nippon Steel announced the appointment of Mike Pompeo, the former Secretary of State under the Trump administration, to strengthen its efforts to acquire US Steel. The company stated to Reuters, "We look forward to working with Mr. Pompeo to further emphasize that the acquisition of US Steel by Nippon Steel will enhance the US economy and national security." $United States Steel (X.US)$Nippon Steel announced the appointment of Mike Pompeo, the former Secretary of State under the Trump administration, to strengthen its efforts to acquire US Steel for the purpose of further emphasizing the enhancement of the US economy and national security through the acquisition of US Steel by Nippon Steel.

Source: Bloomberg, Nikkei Asian Review, Reuters
Tokyo market summary: Nikkei average has fallen sharply for the fourth consecutive day, with notable declines in semiconductor-related stocks.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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