I would like to pay attention to the following 3 points in the transaction before the 27th.

■Movements aimed at capturing short-term price ranges are at the center

■DyDo, 3Q operating profit up 10.8% to 6.416 billion yen

■Notable materials from the front: Sato HD, visualization of industrial waste, and even regeneration, history management system development

■Movements aimed at capturing short-term price ranges are at the center

The Japanese stock market on the 27th is likely to develop in a market where the stalemate will intensify after starting ahead of sales. On the 26th, the NY Dow rose 123 dollars and the NASDAQ was 120 points higher in the US market. They were wary of the impact of the additional tariff plan against China, Mexico, and Canada shown by President-elect Trump, and sales took precedence in the morning. After that, concerns about the worsening situation in the Middle East receded due to reports that the Israeli security cabinet approved the Lebanon cease-fire agreement, and furthermore, it was pointed out in the November Federal Open Market Committee (FOMC) meeting summary published by the US Federal Reserve (Fed) that downward risks to the labor market and economy had receded, and the positive zone was restored. The Chicago Nikkei 225 futures settlement price is 38330 yen, 160 yen lower than Osaka. The yen exchange rate is hovering in the 153 yen 00 yen range per dollar.

The Nikkei Stock Average is likely to start with a slight sales advantage in the form of falling in favor of Chicago futures. High expectations are growing, with the NY Dow and S&P 500 indices hitting high values in the US market, but it seems that caution against trade friction will prevent aggressive trading due to Mr. Trump's SNS posts. The Nikkei Stock Average was sold to 38020 yen the day before, and in addition to not breaking the 38,000 yen milestone, it seems that there will be an autonomous backlash once as the 75-day line is perceived as a support line. However, the area around the 200-day line and the 25th line is easily perceived as resistance lines, and buying momentum aimed at breaking through the same line seems limited.

Also, Mr. Trump's posting on SNS this time led to major fluctuations in the exchange market. As volatility increases, it is easy for Mr. Trump to attract attention to SNS, and therefore there is a possibility that he will show even more excessive reactions in terms of the content of his remarks. It is easy to get into a supply and demand situation where it is difficult to aggressively tilt positions, and it is easy to concentrate short-term funds on stocks where materials have come out. While movements aimed at capturing short-term price ranges tend to take center stage, once price movements slow down, the escape of funds also quickens, so footwork seems to be important.

As for funds with a long-term stance, it is likely that there will be a shift towards value stocks. In the US, the fact that NVIDIA rebounds slightly is likely to be a reassuring material for high-tech stocks due to values with a large index impact, but since the SOX index also had weak price movements, it is thought that it is unlikely that rebound expectations will increase. As for semiconductor stocks, I would like to keep in mind that sales aimed at waiting for a return are easy to enter. In addition, while the overall market price is unstable, and the flow of overseas players is expected to decline over the weekend, it seems that there is also awareness of a shift to small and medium-sized stocks that are less likely to be swayed by index trading.

■DyDo, 3Q operating profit up 10.8% to 6.416 billion yen

The results for the third quarter of the fiscal year ending January 2025 announced by dYDo ＜2590＞ were sales of 180.1 billion72 million yen, up 9% from the same period last year, and operating profit of 6.4 billion16 million yen, up 10.8% from the same period last year. Sales declined in the domestic beverage business, but in addition to strong sales in the overseas beverage business, there was also an effect that Poland's overseas beverage business subsidiary Vosana, which was acquired in February 24, was consolidated, and the performance of the overseas beverage business led the way.

■Notable materials from the front

・The NY Dow rose (44860.31, +123.74)

・The Nasdaq Composite Index rose (19174.30, +119.46)

・The VIX Index declined (14.10, -0.50)

・Active share buybacks

・Request for improvement of corporate value by the Tokyo Stock Exchange

・Sato HD ＜6287＞Visualization of production abolition and regeneration, history management system development

・Mitsui Chemicals ＜4183＞is rushing for petrochemical-related restructuring to increase operating profit by 90% for the fiscal year ending 29/3

・Nissan continues to cut production at its own ＜7201＞ rice plant and optimize inventory until next March

・Daikin Industries (6367) establishes a joint venture with a US company to test and sell air conditioning parts

・Shikoku Electric Power ＜9507＞Sumitomo Corporation and two Korean companies in Qatar to generate water

・ROHM ＜6963＞Cooperate with Valeo France in the field of power electronics to improve electric mobility efficiency

・SUBARU ＜7270 ＞ CASE-related expansion to software bases in Tokyo and Shibuya

・Mazda ＜7261＞ vegetable cellulose as fuel, Toyota and other associations demonstrate production in Fukushima

・Stanley Electric ＜6923＞New Next-Generation Vehicle Lamp Systems Company

・NEC ＜6701＞ Collaborate with Sony Semiconductor for facial recognition to instantly adjust AI camera image quality

・Production machine control with Renesas ＜6723＞1 chip, mass production of high-performance MPUs

・Mitsubishi Electric ＜6503＞Advancing “localization” in North America, speeding up procurement and product introduction

・AI cloning for all Ortz ＜260A＞ employees, new to improving productivity

・TopPan＜7911＞3DToF sensor developed to improve distance accuracy and high-speed imaging

・ENEOS ＜5020＞ Group's JX Metals opens new plant in the US to mass-produce semiconductor materials

・Development of high-performance resins for semiconductors with a solubility of 7 times that of air water (4088)

・JFE ＜5411＞JFE Steel develops stainless steel for solid oxidation fuel cells

・Kanamoto ＜9678＞ Kagoshima sales office responds to defense demand

・Mitsui Chemicals ＜4183＞ semiconductor and mounting laboratory completed at Nagoya Plant

・Nippon Electronics＜6951＞Kobe Steel sells and transfers all shares held by its superconducting subsidiary

☆ Front office event schedule

＜Domestic＞

・Nothing in particular

＜Overseas＞

・ 09:30 Australian Consumer Price Index for October (year-on-year forecast: +2.3%, September: +2.1%)

・ 10:00 NZ Reserve Bank announces policy interest rate (0.50 point reduction forecast)

・ 10:30 Mid-October Industrial Enterprise Profit (September: -3.5% YoY)