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WNI Weather, Harouz, Adastria, ETC.
Nissan's stock fell significantly by 29.2 to 480. Reports from the end of last week indicated that the starting point for discussions on the merger ratio with Honda is approximately 5 to 1. In recent corporate mergers using a holding company structure, it is common to calculate the average stock prices over three periods: one month, three months, and six months, to determine the merger ratio based on these figures. Following the merger reports, there appears to have been an increase in short covering activity, and due to this activity, a sense of completion is perceived regarding the company.
Three key points to watch in the latter session - soft trend due to the rebound from the end of last week.
In the afternoon trading on the 30th, three points should be noted: ･ The Nikkei index fell, showing a weak trend due to the reaction from the end of last week ･ The dollar-yen exchange rate is holding steady, with US interest rates remaining firm ･ The top contributor to the decline is Advantest <6857>, with First Retailing <9983> in second place. ■ The Nikkei index fell, showing a weak trend due to the reaction from the end of last week. The Nikkei index decreased by 301.48 yen, closing at 39,979.68 yen (estimated Volume 0.7 billion, 58.3 million shares) at the end of the morning trading. Last week's US market's Dow Inc experienced a decline of 333.
The Nikkei average has fallen, showing weak movements due to last weekend's reaction.
The Nikkei average has fallen. It ended the morning session at 39,979.68 yen, down 301.48 yen (estimated Volume 0.7 billion, 58.3 million shares). Last weekend, the USA market's Dow Inc average finished down 333.59 dollars at 42,992.21 dollars, while the Nasdaq closed down 298.33 points at 19,722.03 points. With the year-end and New Year holidays approaching, participation is limited, and China's Indicators were lackluster. Additionally, political instability in Germany and South Korea seems to have influenced some investors' sentiment, leading to the decline. New Year.
Hot Stocks Digest (Morning Session): WNI Weather, Marumae, Headwater, ETC.
Sumitomo Electric Industries <5802>: 2845 yen (-39.5 yen) fell back. It has been reported that they will abandon plans for mass production of semiconductor materials for electric vehicles. In addition to constructing a new factory in Toyama Prefecture, there were plans to establish a new line at an existing factory in Hyogo Prefecture, but it seems that these plans are being retracted due to the uncertain recovery of EV demand. The total investment amount was expected to be 30 billion yen. They were set to receive up to 10 billion yen in subsidies from the Ministry of Economy, Trade and Industry for the factory construction, but this has also been canceled. This is due to a change in the long-term Global Strategy.
Sumitomo Electric Industries - Reacts negatively, plans to halt mass production of semiconductor materials for EVs.
Sumitomo Electric Industries, Ltd. (5802) has declined. Reports indicate that it has decided to abandon its mass production plans for semiconductor materials intended for electric vehicles. In addition to constructing a new factory in Toyama Prefecture, there were plans to establish a new line at an existing factory in Hyogo Prefecture; however, due to the uncertain recovery of EV demand, this appears to be retracted. The total investment was expected to be around 30 billion yen. The factory construction was set to receive up to 10 billion yen in subsidies from the Ministry of Economy, Trade and Industry, but this has also been canceled. There is growing concern about the uncertainty resulting from changes in long-term strategy.
The Nikkei average fell back, continuing a lack of direction as the Christmas holiday approaches.
On the 23rd, the US Stocks market continued to rise. The Dow Inc average increased by 66.69 points to 42,906.95 dollars, and the Nasdaq closed up by 192.29 points at 19,764.88. Caution was exercised due to the deterioration of the Consumer Confidence Index, leading to mixed results after the opening. Following the retreat of expectations for rapid interest rate cuts by the Federal Reserve, long-term Gold rates rose, causing the Dow Inc to decline. However, as high-tech Stocks were purchased in anticipation of a Santa Claus rally, the Nasdaq remained strong, expanding its gains towards the end of the trading session, benefiting the overall market.