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Tokyo Market Summary: Nikkei Average surged by about 700 yen, with a rapid sense of optimism due to the sharp depreciation of the yen, although concerns were expressed by the finance minister and others.

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moomooニュース日本株 wrote a column · Oct 7 01:07
Tokyo Market Summary: Nikkei Average surged by about 700 yen, with a rapid sense of optimism due to the sharp depreciation of the yen, although concerns were ex...
●注目銘柄:Thank you for your hard work until closing. Here is today's overview of the stock market. Thank you in advance.
● The Nikkei average ended at 39,332.74 yen, up 697.12 yen from the previous trading day
● Finance Minister Mimura, Minister of Finance Kato commented on the sharp depreciation of the yen
● Bank stocks rose across the board due to rising interest rates
● Gaming-related stocks such as Nintendo, reported that the Saudi government fund is considering increasing their holdings
●Seven & I reaches new high, Canadian Pension Fund reportedly ready to support acquisition funding.
●Hot Stocks: $Nintendo (7974.JP)$ $Seven & i Holdings (3382.JP)$ $Fast Retailing (9983.JP)$ $Metaplanet (3350.JP)$etc
moomoo News Japan Stock Market
Market Overview
In today's Tokyo stock market, the Nikkei Average stock price closed at 39,332.74 yen, up 697.12 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,739.39, up 45.32 points. Due to the positive US employment statistics on the 4th, the yen depreciation and rising interest rates led to increases in export-related stocks and bank stocks.
Tokyo Market Summary: Nikkei Average surged by about 700 yen, with a rapid sense of optimism due to the sharp depreciation of the yen, although concerns were ex...
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Finance Minister Mimura and Finance Minister Kato commented on the rapid depreciation of the yen.
- Following the positive US employment statistics on the 4th, the yen depreciated temporarily to the 149.1 yen range on the morning of the 7th, leading the stock market to high gains on the 7th.
- Subsequently, Finance Minister Atsushi Mimura commented on the need to closely monitor trends in the foreign exchange market, including speculative movements, which led to increased yen buying.
- Furthermore, Finance Minister Katsunobu Kato's interview with various media outlets reported his comment that "sudden exchange rate fluctuations are negative for business activities and do not benefit the lives of the people," causing the dollar to return to the upper 148 yen range.
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Following Finance Minister Mimura's remarks, yen buying ensued, softening the dollar to around 148.40 yen, while speculation about a Bank of Japan interest rate hike resurfaced.
With the rise in interest rates, bank stocks have all risen.
- In response to the US employment statistics, as US interest rates rise, the Bank of Japan's view on advancing the additional rate hike timing earlier due to assessing the trends of the US economy and others, the domestic interest rates also rose.
- In response to this, $Hokuhoku Financial Group (8377.JP)$ $Mebuki Financial Group (7167.JP)$bank stocks and others have all risen.
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- Major banks, regional banks, life insurance companies, and others are all on the rise, with accelerated investment capital inflow in response to the sharp rise in US long-term interest rates.
注目銘柄
Nintendo Co Ltd is high, with news that a Saudi government-backed fund is considering increasing its holdings of gaming stocks.
Nintendo Co Ltd is high. Kyodo News reported on the 5th that "Saudi Arabia's government-backed fund 'Public Investment Fund (PIF)' group is considering increasing its stake in major shareholders such as Nintendo and other Japanese gaming companies on the 5th."
$Nintendo (7974.JP)$ $Konami Group (9766.JP)$ $Koei Tecmo Holdings (3635.JP)$ $Capcom (9697.JP)$ $NEXON (3659.JP)$Rising, etc.
7 & iHD—-Marked a substantial continuation of gains with new highs, as Canada Pension Plan Investment Board is reportedly ready to provide support for acquisition funds.
$Seven & i Holdings (3382.JP)$Experienced a significant continuing rise to new highs. In connection with the acquisition proposal from Canada's Couche-Tard, a senior official of the Caisse de Depot et Placement du Quebec in Canada has indicated that Couche-Tard is likely to provide funding support in the event of a TOB implementation.
Fast Retailing climbed significantly to reach all-time high, driven by expectations of strong earnings and futures-related buying, pushing it over the 0.05 million yen mark for the first time.
$Fast Retailing (9983.JP)$Surged significantly to reach record highs for several consecutive days, briefly hitting 940 yen high then adjusted after stock split to surpass the 0.05 million yen mark for the first time. The current performance is strong, with same-store sales of the domestic "Uniqlo" in September up 22% year-on-year for the sixth consecutive month, and the growth rate exceeding 20% for two consecutive months, showing positive results. Earnings are scheduled to be announced on the 10th of this week, and anticipatory buying ahead of strong earnings is also being observed.
Metaps Networks soars significantly, announcing an additional purchase of 1 billion yen worth of Bitcoin.
$Metaplanet (3350.JP)$Increased significantly by 7.86%. After the close, it was announced that they had purchased an additional 1 billion yen worth of Bitcoin. The company's Bitcoin holdings now amount to 639.503 Bitcoins, with a total acquisition cost of 5.9065 billion yen.
Source: Various company releases, Bloomberg, MINKABU, FISCO
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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