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As the corporate earnings season kicks in and ahead of the Lower House election, there is a cautious mood.
The Nikkei average fell slightly. It closed at 38,954.60 yen, down 27.15 yen (with a volume estimate of 1.5 billion shares). While the major stock price indices in the US market rose slightly at the end of last week, the Nikkei average started falling. Subsequently, the yen exchange rate shifted slightly to the mid-149 yen range, becoming slightly stronger than the end of last week. In addition, domestic broadcasting reported a 'delicate situation of the ruling coalition having a slight majority,' which also weighed on investor sentiment, lowering levels to 38,775.59 yen. However, expectations for corporate performance remain strong, supporting stock price levels.
The Nikkei average fell slightly, ending in a consolidation around the previous day's closing level, with 9 consecutive negative days of trading.
Last weekend, the Dow Jones Industrial Average in the USA market closed at 43,275.91 dollars, up 36.86 dollars, while the Nasdaq ended trading at 18,489.55 points, up 115.94 points. With profit-taking sells near record highs and a retreat in optimistic economic views, the Dow traded weakly. The Nasdaq, driven by the rise of mobile device giant Apple and semiconductor company Nvidia, as well as supported by the decline in long-term interest rates, continued to trade strongly, pushing up the overall market. Towards the end, the Dow also recovered into positive territory, hitting new record highs for consecutive days.
While leading in high technology, determine the sustainability of buying at the disco.
[Stock Opening Comments] On the 21st, the Japanese stock market is likely to see a market development with a strong sense of deadlock after a round of buying. On the 18th, in the USA, the dow jones industrial average was up 36 points, and the nasdaq was up 115 points. Amid the intensification of earnings reports from major companies, Netflix exceeded financial estimates in subscriber numbers, and its optimistic outlook was well received leading to a significant increase, causing widespread buying in tech stocks. Apple reported strong sales of its iPhone 16 in China compared to the previous model, according to research.
List of Cloud Breakout Stocks [Ichimoku Balance Table, List of Cloud Breakout Stocks]
Top breakout stocks list: Market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo Stock Exchange main board <1515> Nippon Steel & Sumitomo Metal 4475 4192.5 4455<1968> Taiheiyo Electric Power 5380 5271.25 5032.5<2292> S FOODS 2788 2646.25 2762.5<2301> Gakujou 1748
No appointment (21st) [Financial schedule].
※The above calendar is just a plan and may be subject to change depending on the company's schedule. ---------------------------------------October 21 (Mon)---------------------------------------October 22 (Tue) <8218> Komeri <9278> Book Off GHD <9691> Ryokei System ---------------------
The resilience around 39,000 yen is being noticed amidst the deadlock.
The Nikkei average rebounded. It closed at ¥38,981.75, up ¥70.56 (volume estimated at approximately 1,430,000,000 shares traded). Following the uptrend in major stock price indices in the previous day's US market, it rose to ¥39,186.64 immediately after the start of trading. However, semiconductor-related stocks such as Toshiba Electronics <8035> and Advantest <6857>, which started with gains, were pushed down by profit-taking selling after the buying phase, putting pressure on the overall market. Nevertheless, the bias towards downward movement did not strengthen, with 3