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The afternoon Nikkei average started at 108.02 yen higher, with gains in SoftBank G and Rakuten Group, etc.
[Nikkei Stock Average・TOPIX (Table)] Nikkei Average; 39,385.98; +108.02 TOPIX; 2,712.38; +5.14 [Afternoon Opening Overview] The afternoon Nikkei average started slightly higher at 39,385.98 yen, up 108.02 yen from the previous day, reducing the gain from the morning start (39,395.05 yen). During lunchtime, the Nikkei 225 futures traded weakly within the range of 39,330-39,470 yen. The USD/JPY exchange rate was at 149.10-20 yen per dollar from around 9 a.m.
Three points to focus on in the afternoon session ~ After a round of buying, the increase narrowed with an eye on the China market.
In the afternoon of the 10th, there are three points to focus on in trading. Nikkei average continues to rise, after a round of buying, narrowing gains in view of the Chinese market. The US dollar to Japanese yen struggles, in view of US interest rates and Japanese stocks. Softbank Group Co <9984> was the top gainer, followed by Fast Retailing <9983>. Nikkei average continues to rise, after a round of buying, narrowing gains in view of the Chinese market. Nikkei average continues to rise. It increased by 117.09 yen compared to the previous day (+0.30%) to 39,395.05 yen (volume estimated at approximately 0.7 billion7).
The Nikkei average continued to rise, with the extent of the increase narrowing as attention turned to the china market after the buying spree.
The Nikkei average continues to rise. It closed the morning trade at 39,395.05 yen, up 117.09 yen (+0.30%) from the previous day, with an estimated volume of 0.770 million shares traded. The U.S. stock market on the 9th continued to rise. The Dow Jones Industrial Average closed at 42,512.00, up 431.63 points, while the Nasdaq closed at 18,291.62, up 108.70 points. Expectations for the Federal Reserve's prompt rate cut receded, causing a decline after the opening. However, from the lows, hopes for the Chinese government's economic recovery were bolstered.
NEC has started collaborating with lodging, transportation, and OTA tourism operators on "Travel Light" to alleviate overtourism.
On October 10, 2024, NEC Corporation in Japan will start offering the collaborative service 'Travel Light' together with its hotel partners such as Maruwa Transport, Klook, Hotel Granvia Osaka, Hotel Vischio Osaka, and Keio Plaza Hotel from November this year. 'Travel Light' is provided through collaboration with a wide range of businesses involved in tourism, enabling pre-check-in at hotels and delivery of large luggage such as suitcases from the airport to the hotel.
Three key points to focus on in the morning session - Targeting opportunities in high-tech stocks -
In the morning session of the 9th, the following three points are worth noting: ■ Focus on buying opportunities in tech stocks ■ J Front's 2Q operating profit increased by 100.0% to 39.3 billion yen ■ Highlights of the morning session: JTEKT with new factory in India, electric power steering, and other production details ■ Focus on buying opportunities in tech stocks The Japanese stock market on the 9th seems to develop into a market situation where stalemate intensifies after starting with buying. On the 8th, the US market saw the Dow Jones Industrial Average rise by 126 points, and the Nasdaq rise by 259 points. William of the NY Federal Reserve
JTEKT, Taiyo Techno Co., Ltd., etc.
*JTEKT <6473> establishes a new factory, production of electric power steering, etc. (Nikkan Sangyo, page 3) - ○ *ENEOS HD <5020>, a group of JX Metals, applies for listing on the Tokyo Stock Exchange, accelerating the development of semiconductors materials, etc. (Nikkan Sangyo, page 3) - ○ *JT <2914> completes the acquisition of Vector, expanding its scale in the US tobacco market (Nikkan Sangyo, page 3) - ○ *Mitsubishi Corporation <8058> accelerates the development of digital talents in its trading business, implements AI, etc., to create new businesses (Nikkan Sangyo, page 4) - ○ *Toyota Tsusho <8015> provides used car information in developing countries
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