Tokyo Market Summary: The Nikkei Average rose by 1,336 yen, bottoming out one after another on the 0.03 million8000 yen recovery chart

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The Nikkei average bottomed out of the 0.03 million8000 yen recovery chart and signs one after another
The Nikkei Average continued to rise for 5 days. In addition to the rise in the US stock exchange rate the day before, the exchange rate of yen temporarily fell to the 1 dollar = 149 yen level in the foreign exchange market as a tailwind. There was a “half price return” from the range of decline from the record high in July to the most recent low on 8/5, and the feeling that the market is bottoming out is intensifying. On the stock price chart, the “window” that opened during the sharp decline phase also began to fill up. $Tokyo Electron (8035.JP)$Ya $Advantest (6857.JP)$Semiconductor-related stocks with values such as these rose 6 to 7% at one point and led the index, against the backdrop of a depreciation of the yen $Toyota Motor (7203.JP)$Ya $Honda Motor (7267.JP)$Buybacks in export-related stocks, etc. were also conspicuous.
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Signs of a revival of yen carry trade, hedge funds are moving to resume
It seems that the popular carry trade centered around the yen, which was hit by a large-scale rewind two weeks ago, is gradually being revived. Mr. Anthony Foster, head of G10 spot trading at Nomura International, pointed out that “a notable return is being seen” to carry trade after the announcement of US retail sales that exceeded expectations. Bank of Japan Governor Ueda Kazuo is scheduled to attend the closing review of the House of Representatives Finance and Finance Committee on the 23rd of next week, and it seems that the direction of carry trade will become even more clear over the next week. Also, on the same day, US FRB Chairman Powell will give a lecture at the Jackson Hole meeting (an annual symposium hosted by the Kansas City Federal Reserve). If there is a statement that fights against some observations that interest rates will be cut by 0.5 points in September, it could be material to support carry trade.

Core industries for security audits, semiconductor manufacturing related equipment, etc. added - Ministry of Finance
The Ministry of Finance announced on the 16th that it will add the manufacturing industry of semiconductor manufacturing related equipment and advanced electronic components to the core industries in investment examinations under the Foreign Exchange Act from a security viewpoint, such as maintaining supply chains and dealing with technology outflow and military diversion risks. The core industry is an industry that requires advance notification with respect to inward direct investment by foreign investors, and in principle cannot use advance notification exemptions relating to stock acquisitions, etc. because there is a high risk of impairing national security.

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Sumitomo Mitsui Financial Group's stock price recovers to 0.01 million yen due to rising long-term interest rates in Japan and the US
Bank stocks are high across the board. $Sumitomo Mitsui Financial Group (8316.JP)$It temporarily rose 4.49% to 0.01 million135 yen, and recovered to the 0.01 million yen level for the first time in half a month since 8/2. In the US market on the 15th, concerns about a slowdown in the US economy abated and long-term interest rates rose. Even in the domestic bond market on the 16th, there was a scene where the yield of new 10-year government bonds, which is an indicator, reached 0.880%, 0.050% higher than the previous day. Buying is spreading due to expectations of improvements in profit margins and associated with rising long-term interest rates. $Mitsubishi UFJ Financial Group (8306.JP)$Ya $Mizuho Financial Group (8411.JP)$It's also expensive.

Sony G rebounds, leading domestic securities continue investment decision “A”
$Sony Group (6758.JP)$There was a backlash. On the 15th, Iwai Cosmo Securities continued the investment decision “A” for the company's stock and the target stock price of 15,500 yen. Consolidated operating profit for the first quarter (April-June) was 27916 million yen, up 10.3% from the same period last year. The entertainment area and image sensors progressed smoothly with the depreciation of the yen as a tailwind. Simultaneously with the announcement of financial results, the same profit for the fiscal year ending March 25 was revised upward from 1.275 billion yen to 1.31 trillion yen (up 8.4% from the previous fiscal year). Game & network services (G&NS), music, movies, etc. are doing well.