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US stocks rose and the yen weakened, leading to buying ahead but facing heavy resistance.
The Nikkei average continued to rise. It closed at 39,380.89 yen, up 102.93 yen (trading volume estimated at 1.5 billion shares). Buying took the lead in response to the rise in major stock indexes in the US market the previous day and the yen's depreciation to the mid-149 yen level against the dollar. The Nikkei average rose to 39,616.59 yen shortly after the start of trading. However, it was easy for selling pressure on rebounds to enter at higher levels, leading to a stalemate situation after the buying wave subsided. In the US, the release of the Consumer Price Index (CPI) for September is pending.
Sony Music Settles Lawsuit With Marriott Over the Misuse of Songs
Rising US high-tech stocks support the strong performance of semiconductor-related stocks.
The Nikkei average rebounded. It closed at 39,277.96 yen, up 340.42 yen (approximate volume of 1,508 million shares) at the end of trading. In the US market the previous day, hi-tech stocks were mainly bought following the stabilization of crude oil prices and the increase in long-term interest rates, leading to a rise in major stock indices. In the Tokyo market, buying ahead of semiconductors and related stocks pushed the Nikkei average up to 39,456.28 yen shortly after the start of trading. However, moves to secure short-term profits against the background of a recent decline in the Chinese Shanghai market's bullish trend were also observed.
October 9th [Today's Investment Strategy]
[Fisco Selected Stocks] [Material Stock] Nakamoto Pax <7811> 1602 yen (10/8) Engaged in printing processing (gravure printing), lamination processing, coating processing, and molding processing. The company announced its first-half financial results. Operating profit increased by 53.0% year-on-year to 1.56 billion yen, exceeding the previous financial estimates of 1 billion yen. The increase in orders for smart phones and semiconductors, as well as strong sales of in-house products with high profit margins in the daily necessities category, contributed to this positive performance. "25 fiscal year February operating profit
AI maturity, semiconductor industry looks ahead to the future of GPUs.
The majority of the training and running of large-scale AI models in semiconductors has been carried out by image processing semiconductors (GPUs). However, as the industry converges towards more standardized model designs, there seems to be an opportunity to produce less programmable and flexible, more customized chips. It is expected that there may be a possibility of creating smaller, more energy-efficient, and cost-effective chips than conventional products. <6857> Advantest <8
Sumitomo Forestry, Sekisui House, etc. (additional) Rating
Upgrade - Bullish Code | Stock Name | Securities Company | Before | After | ------|-----------------|----------|--------------|------------|＜4005＞|Sumitomo Chemical |JPM | 'Underweight' | 'Neutral' | Target Stock Price Change Code| Stock Name | Securities Company | Before | After