Good morning, moomoo users!Here are the key points of the early morning report today.
【Tokyo Stock Market Forecast Range】8700-9200 yen (+0.03 million) (Closing price on the 18th was 8981.75 yen)
Retail sales showing firm US personal consumption, increasing expectations for GDP, and a decrease in the expectation of US interest rate cuts
Apple hits all-time high, iPhone shipments increase by 3.5% in the period of July-September.
Netflix's stock rises after earnings announcement, with paid memberships increasing more than expected.
The small-cap Russell 2000 index is strong, but there is also uncertainty in the outlook for performance.
Tokyo Metro to be listed on October 23.
- Moomoo News Julie
Market Overview
On the 18th, the US markets continued to rise slightly with Netflix up by 11% and Apple hitting new highs. The Nasdaq index outperformed others, while the S&P 500 index extended its 6-week rally, marking the longest weekly gain of the year supported by improved sentiment and strong earnings.
◇On the 21st, the Tokyo stock market is expected to be dominated by buying following the rise in US stocks at the end of last week.

Representing the major index of Chinese stocks, the csi 300 indexsoared 8.5% on the eve of the national day holiday, surprising market participants.Normally, there is a tendency for profit-taking sales before major holidays. The background is a sense of caution against unexpected events during the holidays. Furthermore, the csi 300 index had risen by 16% in the week leading up to the holiday weekend, creating strong pressure for profit-taking sales. Nevertheless, the sharp rise on the eve of the holiday was due to...
suggesting that many investors are expecting a further rise after the holiday.Given the doubling of trading volume from the previous day, it seems that investors, driven by the fear of missing out (FOMO), are on a buying spree of Chinese stocks.suggesting that many investors are expecting a further rise after the holiday.The reason for the high stock prices is that the Chinese authorities have implemented a series of economic and market support measures.That.
Looking back, since the pandemic, Chinese stocks have significantly lagged behind global stocks, including US stocks, and their valuations have also decreased. If this rebound turns out to be the beginning of a more sustained rise, it could lead to a reevaluation of Chinese stocks. This time,Confirming the economic and market support measures introduced by the Chinese authoritiesIn addition,Outlook on the short to medium-term prospects of Chinese stocksする...