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Despite the stalemate, the market development is focused on rebounding.
[Stock Opening Comments] The Japanese stock market on the 30th is expected to have a stalemate but conscious of a rebound in market developments. On the 29th, the US market saw the Dow Jones Industrial Average rise 243 points and the Nasdaq fall 39 points. In addition to the revised intermediate GDP for the April-June quarter being revised upwards from the preliminary figures and the number of initial claims for unemployment insurance matching expectations, the US economy was bought in anticipation of a soft landing, and the Dow Jones Industrial Average reached a new high. On the other hand, Nvidia's
Selling pressure dominates the market, especially in high-tech stocks, but there is strong buying interest on dips and a reluctance to decline.
The Nikkei average fell slightly for the third consecutive day. It ended the trading day at 38,362.53 yen, down 9.23 yen (with a volume of approximately 1.6 billion shares). Following the release of the 2024 Q2 earnings by the leading U.S. semiconductor company NVIDIA in extended hours trading, the semiconductor-related stocks and others were sold off. The Nikkei average dropped to 37,970.20 yen at the start of the trading session. However, there was a rebound below the psychological milestone of the 38,000 yen level, and there was also a movement to buy on dips, along with the yen exchange rate at 1.
Daiichi Kogyo Pharmaceuticals, TPR, etc. [List of stock materials from newspapers]
*Daiichi Sankyo <4461>: Chemical synthesis using light, verified in Shiga (Nikkan Kogyo, page 3) -○ *Rhythm <7769>: Dissolving a US watch sales company, promoting structural reform (Nikkan Kogyo, page 3) -○ *Kirin HD <2503>: Extension of TOB period to Fancl (Nikkan Kogyo, page 3) -○ *TPR <6463>: Developing a development base in the Tokyo metropolitan area, expanding into new fields such as EV components with 100 people (Nikkan Kogyo, page 9) -○ *SUBARU <7270>: Local 5G equipment at the test site, first among domestic automakers (Nikkan Kogyo, page 9) -○ *
To determine the market development after the sell-off and its stability
[Stock opening comments] The Japanese stock market on the 29th is likely to be a market development that determines the stability after a round of selling. On the 28th, the US market saw a decline of 159 points for the Dow Jones Industrial Average and 198 points for the Nasdaq. Selling pressure from position adjustments ahead of Nvidia's earnings report was the dominant factor. Defensive shares were bought, and the Dow Jones Industrial Average temporarily turned higher, but selling pressure on high-tech stocks became a burden. The Chicago Nikkei 225 futures settlement value was 230 yen lower than Osaka at 3.
PlayStation 5 is selling well in China and prices are rising in Japan! Sony's stock price continues to climb.
With Sony Interactive Entertainment (SIE) announcing that the price of its game console PlayStation 5 will be increased by up to 19% in Japan-it will be close to 0.08 million yen (approximately RMB 3928), the company's stock price has also continued to rise in the Japanese market. Since hitting bottom on "Black Monday" in the Japanese stock market on August 5th, Sony's stock price has increased by over 23%.
Sony Group Corp continues to rise, announcing its third price increase for domestic PS5.
Extended gains.
