No Data
No Data
Shigeru Ishiba's victory in the election took the market by surprise: the Japanese yen soared, and Japanese stock futures plummeted by 5% at one point.
① The USD/JPY plummeted more than 370 points from the daily high of 146.49 to a low of 142.78; at the same time, the nikkei 225 index December futures contract experienced a sharp drop of over 5%. ② Unlike the supportive loose monetary policy advocated by Takanori Hiromichi, the victorious Shigeru Shingo believes that the Bank of Japan should maintain a normalizing monetary policy and is expected to continue to support the BOJ's gradual interest rate hike plan.
The dust has settled! Shigeru Shiba will take office as the next Prime Minister of Japan, and the Japanese Yen is rapidly appreciating.
Or a reversal of the "Abenomics trade" may occur.
Daily closing at a high price due to expectations for the LDP leadership election
The Nikkei average continued to significantly rise. It closed at 39,829.56 yen, up 903.93 yen (with a volume estimate of 2.240 million shares) at the end of trading. Buying took the lead as major stock price indices rose in the U.S. market the previous day. The Nikkei average started by breaking through the psychological milestone of 39,000 yen. Subsequently, there were moments where the upward momentum was reduced due to the anticipation of wanting to assess the results of the LDP presidential election. However, following the first round of voting in the LDP presidential election, Fumio Kishida, former Secretary-General, and Sanae Takaichi, Minister of Economy, Trade and Industry, advanced to the runoff, and the Nikkei
Most of the Asia-Pacific stock markets rose, with the nikkei 225 index up more than 2%, and the Japanese yen falling by 1% to below 146.
The surge in the Chinese stock market boosts market risk appetite, with the ftse china a50 index futures rising more than 5% intraday, and the nikkei 225 index rising more than 2%. Traders are increasing bets on Hiyoshi Kogiku winning the Japan election, causing the yen to drop below 146.
Active and newly listed stocks during the morning session.
*Toho Zinc <5707> 1070 +91, optimistic about the lithium-ion battery recycling business. *Japan Micronics <6871> 4320 +340, continues to ride the wave of high semiconductor-related stocks. *Reed's Inc <4612> 1051 +61.3, continues to attract attention as a China-related company. *Shiseido Company,Limited Sponsored ADR <4911> 3995 +210, investment rating upgraded by Jefferies Securities. *Hamamatsu Photonics <6965> 1864.5 +99.5, a player in the field of nuclear fusion-related.
Not afraid of the strong yen? Goldman Sachs: Japanese stocks can still rise this year, the key is the US economy!
Goldman Sachs Group predicts that the Japanese stock market will continue to rise this year; The profit revision index compiled by the bank shows that analysts have raised profit expectations for Japanese companies at a higher rate than they have lowered expectations.