Overview of the TOPIX Growth Market 250 Index futures: Decline due to rotation and position adjustments.

Fisco Japan · Nov 22, 2024 15:30

On November 22, the Tokyo Stock Exchange Growth Market 250 index futures were down 4 points from the previous trading day to 630 points. The high was 637 points, the low was 629 points, and the intraday trading volume was 2,785 contracts. On the previous day, November 21, the average of the usa market continued to rise. Concerns over geopolitical risks eased, leading to an increase after the opening. Chicago Fed President Goolsbee indicated that next year's interest rates would be 'below the current level', which prompted buying due to expectations of lower future interest rates, pushing the market higher. Although the nasdaq struggled due to rising long-term interest rates, buying sentiment after the earnings report from semiconductors nvidia (NVDA) provided support, barely maintaining positive territory. Today's Tokyo Stock Exchange Growth Market 250 index futures started at 635 points, up 1 point compared to the previous trading day. Following the trend of rising usa stocks, there was strength in the morning, but it quickly fell. Although there were no specific negative factors impacting the growth market, a rotation from main board buying to growth selling, along with weekend position adjustments, resulted in selling becoming dominant. On the other hand, the upper limit of the leading span (cloud) in the daily Ichimoku chart was recognized as a lower support level, preventing significant price declines, leading to a slight retreat, ending trading at 630 points. In the main stocks of the Tokyo Stock Exchange Growth Market, stocks like Free <4478> and BUYSell <7685> declined.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

東証グロース市場250指数先物概況：ローテーションとポジション調整で反落

Overview of the TOPIX Growth Market 250 Index futures: Decline due to rotation and position adjustments.

Risk Disclaimer

Statement