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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.
JT and others continue to rank in, expressing concerns about the burden of settlement money for tobacco lawsuits in Canada.
JT <2914> ranked in (as of 2:32 PM). Significantly down. It is reported that the company, along with American Philip Morris and British American, has been offered a settlement proposal of approximately 3.5 trillion yen in a lawsuit over tobacco health risks in Canada. The distribution of the burden among the three companies is still undetermined. There seems to be a prevailing view that the settlement amount will exceed expectations. Top changes in volume rate [October 21, 2:32 PM current] (latest 5-day average)
Futagoe, Mitsubishi Corporation, etc. [List of stock information from the newspaper]
*Futagoe <6474> Aluminum cutting new tools minimize burrs to develop electric autos (Nikkan Kogyo front page) - ○ *Alps Alpine <6770> Expanded utilization of compression molding, various rubber electronic components deployment (Nikkan Kogyo page 3) - ○ *JFEHD <5411> JFE Steel, acquires a magnet steel plate maker, accelerate business structure adjustment (Nikkan Kogyo page 3) - ○ *Denso <6902> Considering additional investment in Toyoda and Rapidas (Nikkan Kogyo page 3) - ○ *Mitsubishi Corporation <8058> Expand partnership with the Bi Zaibatsu,
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