Tokyo Market Summary: The Nikkei Average rose by 3217 yen, the biggest increase in history, unprecedented volatility in history, and uncertainty about the future that cannot be erased even with a sudden rebound

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The Nikkei average rose by 3,400 yen at one time, and the unprecedented fluctuation in history, many investors are cautious
The increase in the Nikkei Average exceeded 3400 yen at one point. It was sold to the lower end of the price limit (stop low level) the day before $Tokyo Electron (8035.JP)$The rate of increase of large stocks with a large contribution to the Nikkei Average exceeded 10% across the board, such as approaching a one-point 19% increase, and the appreciation of the yen and the depreciation of the dollar $Toyota Motor (7203.JP)$Ya $Honda Motor (7267.JP)$The main export-related stocks such as these also rose across the board. Nikkei Stock Average Futures and TSE Stock Price Index (TOPIX) futures were triggered by a “circuit breaker” where trading was temporarily suspended in response to rapid growth, and the development was the exact opposite of the previous day.
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The Nikkei average is 3400 yen at 1 time, a sense of uncertainty about the future that cannot be erased even with a rapid rebound
How do you look at stock prices “the return is 0.03 million6000 yen” “aiming for an autonomous rebound”

Stock price fluctuations, making calm judgments and cooperating with the Bank of Japan = Finance Minister Suzuki
Finance Minister Suzuki Shunichi expressed recognition on the 6th that “stock prices have fluctuated drastically” in the financial market. In addition to judging the current situation calmly, he also expressed the idea that “while cooperating with the Bank of Japan, we will take all possible measures for economic and financial management.” I spoke at the National Finance Directors' Meeting on the morning of the same day.
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Prime Minister Kishida, it is important to make a calm judgment on stock price fluctuations

The Bank of Japan's policy normalization was already a test, and additional interest rate hike observations receded due to sudden market fluctuations
The monetary policy normalization line promoted by the Bank of Japan is already facing a test in response to the historic stock price decline from last weekend and the rapid depreciation correction of the yen. Nobuyasu Atago, chief economist at the Rakuten Securities Research Institute, points out that even though the Bank of Japan's interest rate hike itself is not the main cause of the drastic stock depreciation and yen appreciation this time, there are aspects that have amplified fluctuations. Despite the fact that current economic indicators were declining across the board, it is a view that discrepancies (discrepancies) occurred in communication with the market because they insisted that the economy and prices were in line with the outlook and decided to raise interest rates.

FY24 capital investment by large companies increased 21.6% from the previous year, expanded EVs, semiconductors, etc. = government investment banks
According to the capital investment trend survey of large enterprises announced by the Development Bank on the 6th, the capital investment amount for fiscal year 2012 increased 21.6% from the previous year and expanded drastically from a 6.9% increase in fiscal year 23 results. It is said that capacity enhancement investments related to electric vehicles (EVs) and semiconductors, and investment to enhance airport functions in response to inbound expansion will increase.

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Mitsubishi Heavy temporarily rose S in the back, and profit increased 17% at the end of the April-June period due to strong energy, defense, and space divisions
$Mitsubishi Heavy Industries (7011.JP)$It went backstage and was bought for 1613 yen, which is 300 yen higher than the previous business day, which is a one-off high level. Consolidated financial results for the 1st quarter (April-June) of the fiscal year ending 25/3 were announced at 1:30 p.m. on the 6th. Sales revenue was 1.111,555 million yen, up 13.0% from the same period last year, and final profit increased 17.1% to 62,286 million yen. The progress rate of final profit for the first quarter against the full-year plan was 27%, and it seems that purchases that were favorable to business conditions boosted stock prices.
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Mitsubishi Heavy reaches 17% increase in profit at the end of the April-6 fiscal year (1Q)

Lasertech Stock Sudden Rebound “Accounting Fraud Not Recognized” Investigation Committee
$Lasertec (6920.JP)$There was a big backlash. It rose to 0.02 million2800 yen, which was 7.6% higher at one point. The day before, on the 5th, the investigation results of the Special Investigation Committee, which received a report pointing out suspicions of fraudulent accounting for Lasertech by overseas short selling investors, were announced. The special investigation committee concluded that fraud was not recognized in Lasertech's accounting processing. In addition to these survey results, the rapid increase in the Nikkei Stock Average is also a tailwind, and reviews are being collected.

Sony G withdraws from Paramount takeover battle and forgoes re-proposal
$Sony Group (6758.JP)$Is a major US media company $Paramount Global-B (PARA.US)$It became known that they had withdrawn from the takeover battle over In early July, Paramount approved an acquisition by Skydance Media, a major US film production company, but it is accepting acquisition proposals from other companies with a 45-day grace period. It seems that Sony G was unable to come to terms with the conditions, so they did not make a re-proposal.