Nintendo confirms the next generation console will be compatible with Switch games. Stock price rises nearly 6%.
①Japan game giant Nintendo confirmed on Wednesday that its next-generation game console will be compatible with games on the current Switch platform; ②Boosted by this news, Nintendo's stock price rose nearly 6% intraday.
The world's largest automaker's second-quarter profit plummeted by half! Toyota Motor is currently experiencing the bitter fruit of fraud.
①Toyota's second quarter profit plummeted 55% year-on-year to $3.7 billion, the chief financial officer of the company admitted that the main reason was the production stoppage caused by fraud scandals and recalls; ②Toyota promised to increase investment in human resources and development, and expects to resume its production in the second half of the fiscal year.
"Trump trade" dominates, temporarily recovering to 39,600 yen.
The Nikkei average continued to rise significantly, closing at 39,480.67 yen, up 1005.77 yen (with an estimated volume of 2.450 million shares). Amid progress in the U.S. presidential election vote count, buying expectations for former President Trump's victory gradually took precedence. Additionally, in the foreign exchange market, the 'Trump Trade' led to a rise in dollar buying and yen selling, pushing the yen lower to around 154 yen per dollar, boosting investor sentiment. Furthermore, with U.S. stock index futures also trading in positive territory, there is optimism for post-election market movements.
Active and newly established stocks in the afternoon session.
*Yusen Logistics <9101> revised downwards the financial estimates for the fiscal year ending March 2025 by 19,625 million yen. *Shin-Nikkei <2395> reported an operating profit of 0.08 billion yen in the previous period, a reversal from the previous estimate of a deficit of 0.202 billion yen to a profit. *Bandai Namco Holdings <7832> achieved an operating profit in the previous period of 113.6 billion yen, a 73.6% increase surpassing the revised upward level of 112 billion yen on October 23. *Kokuyo <7984> sees Oasis Management emerging as a major shareholder.
The Nikkei Average extends its significant gains, reflecting Mr. Trump's victory in the presidential election.
On the 5th, the USA market rose. Dow Inc. closed at 42,221.88 dollars, up 427.28 dollars, while nasdaq closed at 18,439.17, up 259.19 points. Expectations of uncertainty being dispelled by the presidential election results led to buying interest, resulting in an upward trend after the opening. Strong buying momentum was also supported by the unexpected improvement in the October ISM Non-Manufacturing Business Conditions Index, reinforcing hopes for a soft landing. The market remained in the high range throughout the day and closed. Following the rise in US stocks, the Tokyo market opened with a buying bias.
Stocks hitting the upper or lower price limit in the afternoon session.
■Stocks hit the daily price limit up: lannett co inc<1514>, Sumiseki Holdings<2656>, Vector Holdings<269A>, Sapeet<3077>, Hori Food Service<3350>, Metaplanet<3628>, Data Horizon<7013>, IHI<7603>, Mac House<9399>, Beat Holdings Limited■Stocks hit the daily price limit down: lannett co inc<244A>, Growth Expert Partners ※ Includes temporary upper and lower daily price limits (indicative price).
