Tokyo Market Summary: The Nikkei Average falls for the 5th consecutive day, as the Bank of Japan decides to keep the policy interest rate unchanged, leading to a renewed depreciation of the yen.
Hello, MOOMOO users!Good job on the closing bell. Here is today's stock market overview. Thank you. The Nikkei average closed at 38,813 yen, down 268 yen from the previous trading day. Ranked 17th in the "Self-Driving Cars", the US Waymo collaborates with GO to conduct demonstrations in Tokyo <Hot Topic>. Metaplanet - Significant rebound as the company's stock starts trading over-the-counter in the USA. Continued surge in Seiko Giken, riding the wave of US light-related stocks as a key company around the Datacenter. Japan Ski hits a year-to-date high with a 4-day rally, expecting revenue growth in the ski resort business due to an increase in inbound tourists to Japan. Hot Stocks:$Metaplanet (3350.JP)$、$SEIKOH GIKEN (6834.JP)$、$Nippon Ski Resort Development (6040.JP)$etc MOOMOO News on Japanese Stocks Kingsley
Market Overview In today's Tokyo stock market, the Nikkei Average Stock Price closed at 38,813.58 yen, down 268.13 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) closed at 2713.83, down 6.04 points. Due to the slowdown in the pace of additional interest rate cuts by the US next year, the Nikkei average approached the key level of 38,000 yen temporarily, but narrowed its losses in the afternoon session, helped by the resilience of Dow Futures. The Bank of Japan decided to postpone a rate hike at its monetary policy meeting, leading to a further depreciation of the yen.
Top News Update - [Breaking News] The Bank of Japan maintains the policy interest rate at 0.25%. On the 19th, the Bank of Japan decided to keep the policy interest rate (unsecured call overnight rate).at 0.25%. $USD/JPY (USDJPY.FX)$Trading around 155 yen, trending towards a weaker yen. However, caution towards the interest rate hike in January 2025 remains as Governor Ueda's press conference (press conference at 3:30 pm) is scheduled after the market close. The Bank of Japan presented the view that "Compared to the past, exchange rates are more likely to affect prices."
Sea - significantly higher Contact-type terminal Video in front Joint development with Noko University = Nikkei $Seed (7743.JP)$MARKET has increased significantly. According to the Nikkei electronic version on the 19th, the company and Tokyo University of Agriculture and Technology jointly developed a contact-type device. According to the article, they have completed the development of core technology and are now progressing with the development of production technology. The person in charge seems to be saying, "As far as we know, this is the world's first technology." In the future, they aim to commercialize the product by collaborating with device manufacturers.
Source: Various company releases, MINKABU, FISCO, Trader's Web
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