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Nikkei average falls, with yen appreciation accelerating, but financial stocks providing support among others.
Last night's usa market was closed for the Thanksgiving holiday. The currency exchange market saw continued lack of movement in the trading of major currencies. The dollar-yen exchange rate struggled to rise. After being bought up to 151.77 yen at one point, it dropped to 151.41 yen, closing at 151.50 yen. Although the usa market was closed, the consumer price index for the Tokyo metropolitan area announced in the morning exceeded market financial estimates, strengthening the expectations for an interest rate hike by the bank, pushing the dollar to the 149 yen level for the first time in a month. In response to the yen's appreciation in the currency exchange, the Tokyo market sold.
Active and newly listed stocks during the morning session.
*World <3612> 2158 +228 Mitsubishi Corporation to fully subsidiary a subsidiary company. *Goodcome Asset <3475> 867 +81 Evaluated for upward revision of earnings forecast and increased dividends. *Jus Spirits <2222> 2087 +144 Newly recommended for buying by Goldman Sachs Securities. *Noritz Steel Machinery <7744> 4605 +280 Performance forecast heading towards another upward revision. *Toho Titanium <5727> 1032 +46 Reported that Japanese-made titanium is gaining momentum.
Fanuc Corp ranks in, cautious about some reports related to EMC malpractice.
Fanuc Corp <6954> ranks in (as of 10:32). Significantly continues to decline. Some broadcasting reports indicate that EMC irregularities have been revealed, which are considered quite malicious among the previous quality irregularities, becoming a matter of concern. It seems that they have been shipping products that do not comply with the essential EMC directive for the European market. However, the company has set up a special investigation committee in April, and there is a possibility that the tests conducted on November 21 may not have been in compliance with the standards.
The willingness to buy on dips is strong when prices fall below 38,000 yen.
The Nikkei average rebounded for the first time in three days. It closed at 38,349.06 yen, up 214.09 yen (volume approx. 1.68 billion shares) at the end of trading. Selling pressure dominated from the beginning due to the previous day's decline in US stocks, causing the index to drop to 37,801.62 yen shortly after the start of trading. Subsequently, moves to buy back tech shares intensified, especially triggered by reports from US media that "US semiconductor regulations on China will not be stricter than before", leading to a turnaround in the market and an expansion of gains towards the afternoon session.
List of Cloud Break Stocks (Part 4) [Ichimoku Kinko Hyo, List of Cloud Break Stocks]
○ List of stocks below the clouds market Code Stock Name End Price Leading Span A Leading Span B Tokyo Main Board <6861> Keyence 64000 67647.5 65410 <6866> HIOKI 7600 82057715 <6937> Furukawa Battery 1366 1378.25 1372.5 <6954> Fanuc Corp 3973 4068.75 4090 <7173> Tokyo Kiraboshi 4100 4243.7
Due to caution against Trump's tariffs, it temporarily fell below the milestone of 38,000 yen.
The Nikkei average continued to decline. It finished trading at 38,134.97 yen, down 307.03 yen (volume estimated at 1.8 billion 20 million shares). Today, risk-averse selling continued against the backdrop of concerns over the global economy due to the upcoming Trump administration's tariff increases. Additionally, the yen appreciated, reaching the low 152 yen range against the dollar, negatively impacting export-related stocks, which caused the Nikkei average to widen its decline towards the end of the afternoon session, pushing down to 37,988.99 yen and dipping below the psychological threshold of 38,000 yen.