Tokyo Market Summary: Nikkei average down 1027 yen, extreme reactions to earnings, cautious profit-taking ahead of post-holiday turbulence.
●注目銘柄：![]()
Thank you for your hard work until the closing bell. Here is today's stock market overview. Thank you in advance.
The Nikkei average closed at 38,053.67 yen, down 1,027.58 yen from the previous trading day.
The dollar-yen rose to around 152.59 temporarily, ahead of the US employment statistics.
One sector of semiconductor-related stocks experienced a significant decline.
SUBARU fell more than 11%, maintaining its full-year performance forecast despite lowering its sales volume outlook.
LaserTech experienced a sharp drop of over 16% temporarily, with net profit for the July-September period falling short of market expectations.
Mitsui Bussan resists decline, revising upward its net profit forecast for the fiscal year ending March 2025.
Bitcoin's uptrend faltering, falls below 0.07 million dollars.
Hot stocks: $Lasertec (6920.JP)$、 $Asahi Kasei (3407.JP)$、 $Subaru (7270.JP)$、 $Mitsui (8031.JP)$etc
- Moomoo News Japan Stock Sherry
The Nikkei average closed at 38,053.67 yen, down 1,027.58 yen from the previous trading day.
The dollar-yen rose to around 152.59 temporarily, ahead of the US employment statistics.
One sector of semiconductor-related stocks experienced a significant decline.
SUBARU fell more than 11%, maintaining its full-year performance forecast despite lowering its sales volume outlook.
LaserTech experienced a sharp drop of over 16% temporarily, with net profit for the July-September period falling short of market expectations.
Mitsui Bussan resists decline, revising upward its net profit forecast for the fiscal year ending March 2025.
Bitcoin's uptrend faltering, falls below 0.07 million dollars.
Hot stocks: $Lasertec (6920.JP)$、 $Asahi Kasei (3407.JP)$、 $Subaru (7270.JP)$、 $Mitsui (8031.JP)$etc
- Moomoo News Japan Stock Sherry
Market Overview
Tokyo stock market sharply continues to decline. The Nikkei Stock Average closed at 38,053.67 yen, down 1,027.58 yen from the previous trading day, and the TOPIX closed at 2,644.26, down 51.25 points. Bank of Japan Governor Haruhiko Kuroda's hawkish comments led to a strong yen in the foreign exchange market due to speculation of an early interest rate hike, causing concerns about its impact on performance. Semiconductor stocks are noticeably down as earnings are discouraged, with Laser Tech and Socionext experiencing sharp declines. On the other hand, with important events such as tonight's US employment statistics release and next week's US presidential election looming, some investors are holding off on active buying ahead of the 3-day Tokyo market holiday starting tomorrow.
Tokyo stock market sharply continues to decline. The Nikkei Stock Average closed at 38,053.67 yen, down 1,027.58 yen from the previous trading day, and the TOPIX closed at 2,644.26, down 51.25 points. Bank of Japan Governor Haruhiko Kuroda's hawkish comments led to a strong yen in the foreign exchange market due to speculation of an early interest rate hike, causing concerns about its impact on performance. Semiconductor stocks are noticeably down as earnings are discouraged, with Laser Tech and Socionext experiencing sharp declines. On the other hand, with important events such as tonight's US employment statistics release and next week's US presidential election looming, some investors are holding off on active buying ahead of the 3-day Tokyo market holiday starting tomorrow.
Top News
Bitcoin's uptrend faltering, falls below 0.07 million dollars.
The rise towards the all-time high of over $0.07 million3700 of the cryptocurrency Bitcoin faltered again, failing to reach. Bitcoin fell below $69,000 during Asian hours on the first day, an extensive decrease of 4% in the previous day's US market. According to market analysis, Bitcoin's decline is mainly attributed to changes in the market's risk appetite, the impact of US macroeconomic data, and profit-taking selling.
Bitcoin's uptrend faltering, falls below 0.07 million dollars.
The rise towards the all-time high of over $0.07 million3700 of the cryptocurrency Bitcoin faltered again, failing to reach. Bitcoin fell below $69,000 during Asian hours on the first day, an extensive decrease of 4% in the previous day's US market. According to market analysis, Bitcoin's decline is mainly attributed to changes in the market's risk appetite, the impact of US macroeconomic data, and profit-taking selling.
The dollar yen temporarily rose to around 152.59, ahead of the US employment statistics.
The dollar-yen rose to around 152.59 at one point, updating the day's high. The yen is being sold in a move believed to be due to a reaction to the previous day's dollar weakness and yen strength, as well as position adjustments ahead of the October US employment statistics to be released at 9:30 pm Japan time tonight.
The dollar-yen rose to around 152.59 at one point, updating the day's high. The yen is being sold in a move believed to be due to a reaction to the previous day's dollar weakness and yen strength, as well as position adjustments ahead of the October US employment statistics to be released at 9:30 pm Japan time tonight.
Hot stocks
Laser Tech experienced a temporary sharp drop of over 16%, with the net profit for the July-September quarter falling short of market expectations.
$Lasertec (6920.JP)$Experienced a sharp decline. The decline rate temporarily exceeded 16%, with moments falling below 20,000 yen. The level of net profit fell short of the market's high expectations, and the decision to cancel the disclosure of the quarterly order intake performance further fueled concerns about the future performance, resulting in selling pressure.
Laser Tech experienced a temporary sharp drop of over 16%, with the net profit for the July-September quarter falling short of market expectations.
$Lasertec (6920.JP)$Experienced a sharp decline. The decline rate temporarily exceeded 16%, with moments falling below 20,000 yen. The level of net profit fell short of the market's high expectations, and the decision to cancel the disclosure of the quarterly order intake performance further fueled concerns about the future performance, resulting in selling pressure.
SUBARU widens its decline in the afternoon, keeping its financial estimates for the fiscal year unchanged despite lowering its passengers carried outlook.
$Subaru (7270.JP)$Stock B widened its decline in the afternoon. At 1:00 pm on the first day, it announced the consolidated financial results for the second quarter of the 25th fiscal year (April-September). The revenue increased by 2.4% compared to the same period of the previous year, reaching 2,266.58 billion yen, and the net profit increased by 8.0% to 163.33 billion yen. Despite a decrease in production and passenger cars sold from the same period of the previous year, sales incentives increased, offset by the depreciation of the yen.
$Subaru (7270.JP)$Stock B widened its decline in the afternoon. At 1:00 pm on the first day, it announced the consolidated financial results for the second quarter of the 25th fiscal year (April-September). The revenue increased by 2.4% compared to the same period of the previous year, reaching 2,266.58 billion yen, and the net profit increased by 8.0% to 163.33 billion yen. Despite a decrease in production and passenger cars sold from the same period of the previous year, sales incentives increased, offset by the depreciation of the yen.
Tohoku Electric Power Co. continued to decline significantly, with a 32% decrease in net profit for the second quarter of the fiscal year ending in September.
$Tohoku Electric Power (9506.JP)$Falls significantly. The consolidated financial results for the 4th to 9th months announced after the close of trading on October 31st showed a 5.5% decrease in revenue from the same period last year to 1.3115 trillion yen, and a 31.8% decrease in net profit to 106.3 billion yen. The decrease in the adjustment amount for fuel costs due to the drop in fuel prices and the decrease in differential income due to the lag effects of the fuel cost adjustment system had an impact. This is causing negative sentiment.
$Tohoku Electric Power (9506.JP)$Falls significantly. The consolidated financial results for the 4th to 9th months announced after the close of trading on October 31st showed a 5.5% decrease in revenue from the same period last year to 1.3115 trillion yen, and a 31.8% decrease in net profit to 106.3 billion yen. The decrease in the adjustment amount for fuel costs due to the drop in fuel prices and the decrease in differential income due to the lag effects of the fuel cost adjustment system had an impact. This is causing negative sentiment.
Asahi Kasei surged in the afternoon, due to the upward revision of the financial estimates for the fiscal year ending March 2025 and the announcement of a share buyback.
$Asahi Kasei (3407.JP)$Entering the afternoon session, it is sharply rising. Around 12:30 PM, the consolidated performance forecast for the fiscal year 25 ending March was favorably received, with revenue revised upward from 2.912 trillion yen to 3.710 trillion yen (10.3% increase from the previous year), operating profit from 180 billion yen to 195 billion yen (38.5% increase), and net profit from 100 billion yen to 110 billion yen (2.5 times increase).
$Asahi Kasei (3407.JP)$Entering the afternoon session, it is sharply rising. Around 12:30 PM, the consolidated performance forecast for the fiscal year 25 ending March was favorably received, with revenue revised upward from 2.912 trillion yen to 3.710 trillion yen (10.3% increase from the previous year), operating profit from 180 billion yen to 195 billion yen (38.5% increase), and net profit from 100 billion yen to 110 billion yen (2.5 times increase).
Mitsui Chemicals struggles to decline, with an upward revision to the final profit forecast for the fiscal year ending March 2025.
$Mitsui (8031.JP)$It narrowed its decline in the late afternoon, with some scenes turning positive. Around 2 p.m., it seems that the upward revision of the final profit forecast for the fiscal year ending March 2025 from 900 billion yen to 920 billion yen (13.5% decrease from the previous year) is being viewed positively.
$Mitsui (8031.JP)$It narrowed its decline in the late afternoon, with some scenes turning positive. Around 2 p.m., it seems that the upward revision of the final profit forecast for the fiscal year ending March 2025 from 900 billion yen to 920 billion yen (13.5% decrease from the previous year) is being viewed positively.
Other earnings releases
Mitsubishi Corporation, 2nd quarter revenue decreased by 2.2% year-on-year to 9.35 trillion yen, and net profit increased by 32.6% year-on-year.
Marubeni's final profit in the previous period decreased by 5%, and the profit for July-September period is also expected to decrease by 13%.
Socionext plunged by 15%, due to a significant decrease in revenue and profit for the July to September period as demand in China's 5G sector ended.
Mitsubishi Electric temporarily rose more than 16%, with a 30% increase in operating profit for the 4-9 months period due to strong performance in air conditioning and automotive equipment.
Mitsui & Co. revises upward the final forecast of this term by 2%.
Mitsubishi Corporation, 2nd quarter revenue decreased by 2.2% year-on-year to 9.35 trillion yen, and net profit increased by 32.6% year-on-year.
Marubeni's final profit in the previous period decreased by 5%, and the profit for July-September period is also expected to decrease by 13%.
Socionext plunged by 15%, due to a significant decrease in revenue and profit for the July to September period as demand in China's 5G sector ended.
Mitsubishi Electric temporarily rose more than 16%, with a 30% increase in operating profit for the 4-9 months period due to strong performance in air conditioning and automotive equipment.
Mitsui & Co. revises upward the final forecast of this term by 2%.
Source: Various company releases, Bloomberg, MINKABU, FISCO
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
