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The Nikkei Average rebounded, gradually rising towards the close of the market, driven by supply and demand.
In the U.S. stock market on the 29th, the Dow Jones Industrial Average closed at 41,335.05, up 243.63 points (+0.59%), while the Nasdaq closed at 17,516.43, down 39.60 points (-0.23%), and the S&P 500 closed with a slight decline of 0.22 points (-0.004%). The revised figures for the GDP and personal consumption for the 4th to 6th quarter exceeded expectations, leading to an increase in the market after opening. The robustness of the domestic economy, labor market, and consumption demonstrated positive prospects for the economy, resulting in a continued rise in the market. Towards the end...
Japan Steel, Sojitz, etc. [List of stock materials from newspapers]
* Okaya Steel Machinery <7485> deepens its presence in Asia, establishes a new company in Vietnam and increases staff in India (Nikkan Kogyo front page). * Nippon Steel <5401> expects arbitration results on the acquisition of US Steel next month, Vice Chairman looks ahead (Nikkan Kogyo front page). * NTT <9432> and Chunghwa Telecom achieve international communication between Japan and Taiwan through IOWN (Nikkan Kogyo page 3). * TDK <6762> collaborates with Tokyo Medical and Dental University to measure heart activities non-invasively using magnetic sensors (Nikkan Kogyo page 3). * Sojitz <2768> invests in agriculture DX startups, predicts grain harvest.
List of Cloud Breakout Stocks [Ichimoku Balance Table, List of Cloud Breakout Stocks]
○ Cloud Breakthrough Stocks List Market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo Stock Exchange Main Board ＜1721＞ Comsys HD 3214 3210.5 3202＜1808＞ Haseko 1825 1805.5 1792.5＜2269＞ Meiji HD 3640 3637 3574}
Nvidia is in talks to raise funds for OpenAI.
Nvidia has been reported to have held discussions regarding its participation in the funding round of OpenAI, a US-based organization. It has also been reported that Apple and Microsoft are discussing their participation in this round, and the top three technology companies in terms of market capitalization will support OpenAI. <6702> Fujitsu, <7046> TDSE, <4011> Headwaters, <3993>
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.
Kanro's performance for the fiscal year ending December 2024 is expected to exceed the target KPI of the "Medium-Term Management Plan 2024".
Kanro <2216> is a traditional confectionery manufacturing and sales company, with Mitsubishi Corporation <8058> as its largest shareholder. The company has a top-class share in the hard candy and gummy fields in Japan, and aims to strengthen its position in the candy market in Japan, focusing on its main brands in the future. In addition, with the rapid growth of the gummy market, gummies are positioned as a major driver for business growth, and the company aims to strengthen customer-centricity and achieve 'brand-centric management'.