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Tokyo Market Summary: Nikkei falls for the first time in 3 days, forecasting the recurrence of the yen shock - predicted by Mr. Hussein of T Rowe, came true.

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moomooニュース日本株 wrote a column · 2 hours ago
Tokyo Market Summary: Nikkei falls for the first time in 3 days, forecasting the recurrence of the yen shock - predicted by Mr. Hussein of T Rowe, came 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 38,686.31 yen, down 14.56 yen from the previous trading day.
Expecting the resurgence of the yen shock - Hussein, who accurately predicted it
No room to use foreign capital regulation for takeover defense = Ministry of Finance official
Mr. PIMCO Awakened expects a rate hike by the Bank of Japan as early as the new year - with an active investment stance towards super long-term government bonds
NTT Data - Sharp rise, with U.S. securities house upgrading as expectations of significant profit increase for the next fiscal year remain unchanged
●Hot Stocks: $NTT Data Group (9613.JP)$, $Meiji Holdings (2269.JP)$
- moomoo News Japan Stocks Evelyn

Market overview
The Nikkei average stock price on the Tokyo stock market today closed at 38,686.31 yen, down 14.56 yen from the previous business day, while the TOPIX (Tokyo Stock Price Index) closed at 2,733.27, up 17.28 points.
Top News
Predicting the recurrence of the yen shock - Arif Hussein of T. Rowe Price accurately predicted it.
Ali Hussein, head of the bond division at T. Rowe Price, warned early last year about the rise in interest rates in Japan and described it as a "San Andreas Fault" that could cause a major earthquake in the global financial world.

PIMCO's Mr. Kakuchi anticipates that the Bank of Japan will raise interest rates at the beginning of the year - actively preparing to invest in ultra-long-term government bonds.
Pacific Investment Management (PIMCO), a major player in US bond management, anticipates that the Bank of Japan will embark on further interest rate hikes at the beginning of the year. They are poised to actively invest in ultra-long-term government bonds, taking into account potential changes in future monetary policies and supply-demand deterioration.

There is no room for using foreign regulations for defensive purposes in foreign investment = Ministry of Finance officials.
Regarding the "Foreign Exchange and Foreign Trade Law" that regulates foreign investment in Japanese companies, Ministry of Finance officials denied the possibility of it being arbitrarily used for the purpose of defensive measures. The procedures and requirements for pre-screening when acquiring management rights of domestic companies do not change depending on whether the designated industry of the target company is a "core industry" or not.

Hot stocks
NTT Data - significant gain, US securities upgrade expectations for significant profit growth next period unchanged.
$NTT Data Group (9613.JP)$Significant gain. Morgan Stanley MUFG Securities has upgraded its investment rating from "Equal Weight" to "Overweight" and raised its target stock price from 2600 yen to 2900 yen.
Meiji Holdings rebounds after 3 days, raising prices for infant formula and powdered protein from October 1st.
$Meiji Holdings (2269.JP)$Rebounding after 3 days. On this day, it was announced that the shipping prices of infant formula and sports nutrition (powdered protein) from October 1st will be raised, which is considered as positive news.
Source: Bloomberg, Fisco, Reuters, MINKABU
Tokyo Market Summary: Nikkei falls for the first time in 3 days, forecasting the recurrence of the yen shock - predicted by Mr. Hussein of T Rowe, came true.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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