Tokyo Market Summary: The Nikkei average continues to rise, temporarily recovering to the 39,000 yen level, but the increase is gradually shrinking.
![Tokyo Market Summary: The Nikkei average continues to rise, temporarily recovering to the 39,000 yen level, but the increase is gradually shrinking.](https://sgsnsimg.moomoo.com/sns_client_feed/181569713/20240902/da6c5f06a8c74f8faf0b154346946143.png/big?area=105&is_public=true)
Hello, Moomoo users!
Thank you for your hard work until the closing bell. Here is an overview of today's stock market. Thank you in advance.![]()
● The Nikkei average closed at 38,700.87 yen, up 53.12 yen from the previous trading day.
● The Nikkei average temporarily recovered the milestone of 39,000 yen: here's how experts see it
Strategists have revised their forecast in favor of a stronger yen, as the Bank of Japan and the Federal Reserve clarify their policy stance.
Mitsubishi Electric Corp. unsponsored ADR shows resilience, with reports of converting a US auto parts factory for air conditioning due to increased demand for AI.
●Hot Stocks: $Mitsubishi Electric (6503.JP)$, $Kawasaki Heavy Industries (7012.JP)$, $SAKURA Internet (3778.JP)$
- moomoo News Japan Stocks Evelyn
Market overview
In today's Tokyo stock market, the Nikkei Average Stock Price closed at 38,700.87 yen, up 53.12 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) ended at 2,715.99, up 3.36 points.
● The Nikkei average closed at 38,700.87 yen, up 53.12 yen from the previous trading day.
● The Nikkei average temporarily recovered the milestone of 39,000 yen: here's how experts see it
Strategists have revised their forecast in favor of a stronger yen, as the Bank of Japan and the Federal Reserve clarify their policy stance.
Mitsubishi Electric Corp. unsponsored ADR shows resilience, with reports of converting a US auto parts factory for air conditioning due to increased demand for AI.
●Hot Stocks: $Mitsubishi Electric (6503.JP)$, $Kawasaki Heavy Industries (7012.JP)$, $SAKURA Internet (3778.JP)$
- moomoo News Japan Stocks Evelyn
Market overview
In today's Tokyo stock market, the Nikkei Average Stock Price closed at 38,700.87 yen, up 53.12 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) ended at 2,715.99, up 3.36 points.
Top news
Strategists revise their forecasts for a stronger yen, as the Bank of Japan and the FRB clarify their policy stances.
Following the additional rate hike by the Bank of Japan in July and recent hints of a rate cut by the U.S. Federal Reserve (FRB), currency strategists are re-evaluating the direction of the yen exchange rate. Before the BOJ decides on the additional rate hike at the end of July, many strategists had warned that the yen, which had appreciated by over 10% against the dollar in the first half of the year, might further appreciate.
Nikkei average temporarily recovered a milestone of 90,000 yen: experts' views
On the 2nd, the Nikkei average temporarily recovered the milestone of 39,000 yen in the Tokyo stock market. Market participants' views are as follows. Although the market experienced a historically significant downturn in early August, it turned out to be unfounded. The movements continued to be linked to the dollar/yen, and while the upper limit remained heavy during the period of yen strength, there is a sense of relief that the rapid appreciation of the yen is not as pronounced as before, leading to higher stock prices.
Hot stocks
Mitsubishi Electric Corp. unsponsored ADR is firm, with reports of converting U.S. auto parts factories for increased demand in AI for air conditioning.
$Mitsubishi Electric (6503.JP)$Mitsubishi Electric Corp. unsponsored ADR is firm. In the early morning on the 1st, the online version of the Nikkei reported that Mitsubishi Electric is converting U.S. auto parts factories for air conditioning equipment.
Strategists revise their forecasts for a stronger yen, as the Bank of Japan and the FRB clarify their policy stances.
Following the additional rate hike by the Bank of Japan in July and recent hints of a rate cut by the U.S. Federal Reserve (FRB), currency strategists are re-evaluating the direction of the yen exchange rate. Before the BOJ decides on the additional rate hike at the end of July, many strategists had warned that the yen, which had appreciated by over 10% against the dollar in the first half of the year, might further appreciate.
Nikkei average temporarily recovered a milestone of 90,000 yen: experts' views
On the 2nd, the Nikkei average temporarily recovered the milestone of 39,000 yen in the Tokyo stock market. Market participants' views are as follows. Although the market experienced a historically significant downturn in early August, it turned out to be unfounded. The movements continued to be linked to the dollar/yen, and while the upper limit remained heavy during the period of yen strength, there is a sense of relief that the rapid appreciation of the yen is not as pronounced as before, leading to higher stock prices.
Hot stocks
Mitsubishi Electric Corp. unsponsored ADR is firm, with reports of converting U.S. auto parts factories for increased demand in AI for air conditioning.
$Mitsubishi Electric (6503.JP)$Mitsubishi Electric Corp. unsponsored ADR is firm. In the early morning on the 1st, the online version of the Nikkei reported that Mitsubishi Electric is converting U.S. auto parts factories for air conditioning equipment.
Kawasaki Heavy Industries, with a substantial further rise, is said to have the largest budget demand for the Ministry of Defense's fiscal year 25 estimate.
$Kawasaki Heavy Industries (7012.JP)$The Nikkei surged significantly. The Ministry of Defense has released the outline of the budget request for fiscal year 2025, seeking an increase in defense spending of 7.4% from the initial budget for fiscal year 2024, requesting a record high of 8.5389 trillion yen.
$Kawasaki Heavy Industries (7012.JP)$The Nikkei surged significantly. The Ministry of Defense has released the outline of the budget request for fiscal year 2025, seeking an increase in defense spending of 7.4% from the initial budget for fiscal year 2024, requesting a record high of 8.5389 trillion yen.
Toho Gas to delay issuance of 5-year bonds - Changing tides after the Bank of Japan interest rate hike.
It has been revealed that Toho Gas, headquartered in Nagoya, has postponed the planned issuance of bonds in early this month. According to the lead underwriter Daiwa Securities, this decision was made in consideration of the current bond issuance environment, and future plans are undecided.
Source: Bloomberg, Fisco, Reuters, MINKABU
It has been revealed that Toho Gas, headquartered in Nagoya, has postponed the planned issuance of bonds in early this month. According to the lead underwriter Daiwa Securities, this decision was made in consideration of the current bond issuance environment, and future plans are undecided.
Source: Bloomberg, Fisco, Reuters, MINKABU
![Tokyo Market Summary: The Nikkei average continues to rise, temporarily recovering to the 39,000 yen level, but the increase is gradually shrinking.](https://sgsnsimg.moomoo.com/sns_client_feed/181569713/20240513/ce0a4b76f27541b083cf71a59461123c.png?area=105&is_public=true/bigmoo)
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
きんたろう1965 :