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Tokyo Electron Q2 EPS $0.53 Up From $0.27 YoY, Sales $2.87B Down From $2.96B YoY
Tokyo Electron Sees FY2025 GAAP EPS JPY 1,140.67; Sees Sales JPY 2400B.
Japan will 'infuse' $65 billion into the semiconductor and AI industries. The Minister of Economy: Will not raise taxes to fund.
①Japan's newly appointed Prime Minister Shigeru Ishiba promises to provide over 10 trillion yen (approximately $65 billion) in support for the semiconductor and AI industries; ②Ishiba hopes that this funding framework will spur over 50 trillion yen of public and private investment over the next decade; ③Minister of Economy, Trade and Industry Yoichi Muto stated that the government will not raise taxes to fund the new framework.
The Trump trade is also swayed by favorable and unfavorable factors.
The Nikkei average fell for the first time in three business days. It closed at 39,376.09 yen, down 157.23 yen (approximate volume of 2.460 million shares) in trading. Against the backdrop of the previous day's rise in US stocks and a weaker yen, buying took the lead in the morning. There were moments of increase up to 39,866.72 yen towards the end of the morning session. However, there is a tendency for selling to wait for a return before the psychologically significant milestone of 100,000 yen, and US media reports Trump's strong stance on countries such as China and Iran as the top diplomat in the upcoming US presidential administration Marco Rubio.
The Nikkei average fell for the first time in three days, raising awareness of caution towards the future Trump administration.
On the 11th, the US stock market continued to rise. The Dow Jones Industrial Average closed at 44,293.13, up 304.14 points, while the Nasdaq ended trading at 19,298.76, up 11.99 points. Buying continued on expectations of deregulation and priority on growth policies under the upcoming Trump administration, leading to an increase after the opening. Subsequently, with the bond market closed due to Veterans Day holiday causing a lack of material news, there was a rotation where small-cap stocks were bought while high-tech stocks were sold, leading to a temporary decline in the Nasdaq. The Dow remained strong throughout the day.
Iida GHD, Toyo, etc. (additional) Rating
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