No Data
Buffett expressed intentions to increase Shareholding, leading to a collective surge in Japanese trading companies.
Mitsubishi Corporation saw the largest increase, rising by 8.7% at one point, followed closely by Marubeni Corporation, while Mitsui & Co., Itochu Corporation, and Sumitomo Corporation all performed strongly. Previously, Buffett stated that he plans to Hold shares in these five major trading companies for decades and promised to support their Board of Directors.
Stocks that moved or were traded in the first half of the session.
*Mitsubishi Corporation <8058> 2594.5 +214 Expectations of increased purchases by Mr. Buffett lead major trading companies to buy first. *Marubeni Corporation <8002> 2468 +178.5 Mr. Buffett's letter to investors is regarded as material. *Itochu Corporation <8001> 6550 +409 Major general trading companies show Mr. Buffett's willingness to increase purchases. *Sumitomo Corporation <8053> 3440 +196 Following hints of Mr. Buffett raising his shareholding limit. *Nexela Pharma <4565> 887 +
The remarks by Governor Ueda have led to a temporary halt in the yen's appreciation and a buyback.
The Nikkei Average rebounded for the first time in three days, ending the Trade at 38,776.94 yen, up 98.90 yen (estimated Volume of 1.9 billion 40 million shares). In the morning, the yen appreciated, temporarily rising to the lower 149 yen range against the dollar, leading to a continuing decline at the Start. During the middle of the morning session, it dropped to 38,456.53 yen. However, following the remarks made by Bank of Japan Governor Kazuo Ueda at the House of Representatives Budget Committee, the rise in domestic long-term interest rates eased, and the yen shifted towards depreciation, strengthening the Buyback movement, leading to a rally in the latter part of the morning session.
UBE, Mitsui & Co., etc. [List of stock materials from the newspaper]
* UBE Corporation President Nishida announced a revenue of 1 trillion yen for 2023 (Nikkai Industry, page 3) - ○ * Kddi Corporation has completed verification of its cluster Router, flexibly responding to increased communications volume (Nikkai Industry, page 4) - ○ * Sodick is optimizing its strategy for China by restructuring its machinery (Nikkai Industry, page 4) - ○ * Mitsui & Co. acquired iron ore interests in Australia for 800 billion yen, with production expected to start in 2030 (Nikkai Industry, page 4) - ○ * NOK is expanding the utilization of data in the oil seal field.
After a three-day rise, it has fallen back and briefly dropped below 39,000 yen.
The Nikkei average fell for the first time in three days, closing down 105.79 yen at 39,164.61 yen (Volume estimated at 1.8 billion 60 million shares). It started to drop due to caution over Trump tariffs. As support at the 25-day moving average held, buying on dips expanded, and in the middle of the morning session, it rose to 39,298.05 yen. However, with the speech from BoJ's Takada creating early expectations for additional rate hikes, it fell below the key level of 39,000 yen, ending the morning session at 38,994.70 yen. After that, material cues are awaited.
Japan paper, NRI, ETC (additional) Rating
Upgraded - Bullish Code Stock Name Brokerage Firm Previous Change After --------------------------------------------------------- <3861> Oji Holdings Nomura "Neutral" "Buy" Downgraded - Bearish Code Stock Name Brokerage Firm Previous Change After --------------------------------------------------------- <4477> BASE Daiwa "2" "3"