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Concerns about the slowdown of the Japanese economy temporarily led to a drop below the 36,000 yen level.
The Nikkei average fell. It closed at 36,793.11 yen, down 235.16 yen (Volume approximately 2.2 billion 40 million shares). Concerns about an economic slowdown in the USA due to President Trump's tariff policies led to a significant decline in major stock indices in the previous day's USA market, while the yen strengthened to the mid-146 yen range against the dollar, which also pressured investor sentiment. During the first half of the trading session, the Nikkei average dropped to 35,987.13 yen, breaking below 36,000 yen for the first time in about six months since September 17 of last year.
Although high-tech stocks are steady, there is a stagnation around 37,000 yen.
The Nikkei average rebounded, ending the trade at 37,028.27 yen, up 141.10 yen (Volume approximately 1.7 billion shares). It started with buying due to the rise in US stocks at the end of the previous week, but comments from President Trump led to uncertainty, and there were moments when the Nikkei average turned down to 36,705.02 yen. However, due to the continuous drop in stock prices, there were movements to pick up dips, and the yen, which was close to falling below 147 yen per dollar for a time, stabilized in the late 147 yen range, resulting in a buying movement.
M3, Coca BJH, etc. (additional) Rating
Upgraded - Bullish Code Stock Name Brokerage Firm Previous After Change --------------------------------------------------- <3436> SUMCO SMBC Nikko "2" "1" <5947> Rinnai Mizuho "Hold" "Buy" <9983> Fast Retailing SMBC Nikko "2" "1" Downgraded - Bearish Code Stock Name Brokerage Firm Previous After Change -------------------------------------
It is important to assess the rebound strength of Semiconductors stocks.
[Stock Opening Comment] The Japanese stock market on the 10th is likely to continue with an unstable market trend after a round of buying. On the 7th, the US market saw the Dow Jones Industrial Average rise by 222 points, and Nasdaq increased by 126 points. The Dow Jones Industrial Average widened its decline at one point due to the US employment statistics for February coming in below Financial Estimates. Subsequently, Federal Reserve Chairman Powell reassured the economy is stable and reaffirmed the stance of maintaining policy for the time being during a speech, which spread a sense of security leading to a turnaround.
List of stocks breaking through clouds (weekly) (part 2)
○ List of stocks that have broken above the cloud market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo Stock Exchange Main Board ＜7003＞ Mitsui E&S 1823 1471.25 1649.5 ＜7294＞ Yorozu 1104 1063.25 1010.5 ＜7522＞ Watami 1065 901.25 1022.5 ＜7596＞ Uo Riki 2460 2431.5 2376.5 ＜7605＞ Fuji Corporation 2088 2019.2
Risk-averse movements due to the decline in U.S. tech stocks and the appreciation of the yen.
The Nikkei average has significantly fallen for the first time in three days, ending down 817.76 yen at 36,887.17 yen (with an estimated Volume of 1.9 billion 90 million shares), marking the first time since September 18 of last year that it has closed below 37,000 yen in about six months. This decline was attributed to a lack of confidence following the previous day's drop in US tech stocks and the strengthening of the yen, leading to an increase in risk aversion. Although there were moves to buy on dips after breaking below the key 37,000 yen mark, the US is awaiting the release of the February employment statistics, and market participants want to assess the results and the subsequent trends in the US market.