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The Nikkei average rose by 208 yen, rebounding due to the weak yen, with an increase in Autos stocks, etc. = 10 days ago, during the morning session.
Ten days ago, the Nikkei average stock price rose by 208.68 yen to 37,095.85, while the TOPIX (Tokyo Stock Price Index) also increased by 5.95 points to 2,714.54, showing a rebound. The Nikkei average reached 37,113.48, up 226.31 yen, at 11:25 AM. On the 7th local time, U.S. stocks rebounded, driven by comments from Federal Reserve Chairman Powell, who indicated that "uncertainty is increasing, but the U.S. economy remains strong." The market reacted positively.
INPEX continues to rise, as it is reported that production of Petroleum and Natural Gas will increase to over 800,000 barrels per day over the next ten years.
INPEX <1605.T> continues to rise, reaching a high of 1,957.5 yen, up 27.5 yen at one point. The Japan Economic Newspaper dated the 8th reported that the company plans to increase its petroleum and natural gas production to over 800,000 barrels per day, in crude oil equivalent, over the next ten years until 2035, which was viewed as significant news. According to the paper, there is an expanding demand for electrical utilities due to the spread of AI (Artificial Intelligence) and the population growth in emerging countries, leading to the development of new gas fields in Asia. In Indonesia, a partnership with the state-owned oil company involves the natural gas project 'Abadi.'
The Nikkei Average rose by 87 points, rebounding, but the upward momentum was sluggish as trading concluded = 5th afternoon session.
In the afternoon session, the Nikkei Stock Average rose by 87.06 yen compared to the previous day, reaching 37,418.24 yen, while the TOPIX (Tokyo Stock Price Index) gained 8.03 points, ending at 2,718.21 points. In the morning, the weakening yen in the Foreign Exchange market was seen as a positive factor, leading to a Buy bias at the start of trading. However, amidst a lack of cues, after the initial buying round, the market saw some Sell pressure as it turned down. In the afternoon session, supported by high U.S. stock index Futures during Extended hours trading, the Nikkei Average peaked at 1:19 PM.
Afternoon session [Active stocks and traded stocks]
*Takasho <7590> 417 +26 Operating profit and loss was a deficit of 0.15 billion yen in the previous period, but a profit of 0.308 billion yen is expected this period. *NCS <9709> 897 +48 Performance and Financial Estimates for the fiscal year ending March 2025 have been upwardly revised. *Medikit <7749> 2591 +32 The cerebrovascular guiding assistance device 'Medilizer AGD System' is now covered by Insurance. The upper limit is heavy. *People <7865> 541 -44 Operating profit and loss was a deficit of 0.05 billion yen in the previous period and a deficit of 0.097 billion yen this period.
INPEX---significantly dropped, with the previous day's NY crude oil Futures market experiencing a decline of approximately 2%.
Significant drop. The day before, in the NY crude oil Futures market, WTI Futures for April fell by about 2% compared to the previous day. The day before, OPEC Plus announced that it would gradually reduce the self-production cut of 2.2 million barrels per day as scheduled from April and increase crude oil production. The self-production cut had its start date postponed three times until now. Movements anticipating future supply-demand easing due to increased supply are taking the lead. This is seen as a selling factor for companies like this one that benefit from high oil prices.
The Nikkei average fell sharply by 688 yen, with a decrease of up to 969 yen, amid concerns over Trump's tariffs and the appreciation of the yen = four days before the market close.
Four days ago, the Nikkei average price fell significantly by 688.96 yen to 37,096.51 yen compared to the previous day. The TOPIX (Tokyo Stock Price Index) also fell greatly by 32.57 points to 2,696.99 points. At 10:34 AM, the Nikkei average dropped to 36,816.16 yen, down 969.31 yen, breaking below the low from the end of the previous month. On the 3rd, U.S. President Trump stated that additional tariffs on Canada and Mexico would begin as scheduled from the 4th. This has implications for the U.S. economy.
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