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Mitsubishi Heavy Industries Adjusts Subsidiary Liquidation Timeline
The Nikkei average fell sharply by 1,502 yen for three consecutive days, with increased caution over the introduction of US mutual tariffs = 31st afternoon session.
On the 31st, the Nikkei Average fell sharply, dropping 1,502.77 yen to 35,617.56 yen, marking three consecutive days of decline. The TOPIX (Tokyo Stock Price Index) also plunged by 98.52 points to 2,658.73 points. Both indices experienced their largest drop of the year, with the Nikkei Average marking its biggest decline since September 30 of last year (1,910.01 yen down), and the TOPIX since September 4 of the same year (99.78 points down). At 1:25 PM, the Nikkei Average had fallen to 35,541.72 yen, down by 1,578.61 yen.
The Nikkei average is down about 1,250 yen, and after a round of selling, the decline has somewhat narrowed in the morning session on the 31st.
On the 31st at around 10:03 AM, the Nikkei average stock price was fluctuating around 35,870 yen, approximately 1,250 yen lower than the previous weekend. At 9:22 AM, it reached 35,574.61 yen, down by 1,545.72 yen. It is the first time in six and a half months that it has dropped to the 35,000 yen range during trading hours since September 17 of last year. In the local market on the 28th, both the Dow Inc and Nasdaq Composite Index fell for the third consecutive day. The U.S. February PCE (Personal Consumption Expenditures) Index, excluding Energy and food, is projected to be on the market.
The Nikkei average is down around 875 yen, with trading volumes led by Kawasaki Heavy Industries, Mitsubishi Heavy Industries, and Disco.
On the afternoon of the 28th, the Nikkei average stock price fluctuated around 36,925 yen, down about 875 yen compared to the previous day. The afternoon session continued to see a strong selling trend, with the price at 36,864.93 yen, down 935.04 yen at 1:17 PM. Following this, a cautious mood prevailed due to weekend factors, resulting in trading in the lower price range. The foreign exchange market continued to fluctuate around 150.90 yen per dollar. The top traded stocks (Main Board) in volume around 2 PM were NTT <9432.T>, Mitsubishi Heavy Industries <7011.T>, and Softbank.
The U.S. Missile System that angers China.
The new USA missile system deployed in the Philippines seems to put China's important military and commercial bases within striking range. This is reported to be a touchstone for President Trump's commitment that the USA will deter China's attacks on its allies in Asia. This is the first time since the Cold War that the US military has deployed such long-range ground-launched systems abroad. <7011>Mitsubishi Heavy Industries <7012>Kawasaki Heavy Industries <6503>Mitsubishi Electric Corp. Unsponsored ADR
Trends in ADR on the 27th = In yen conversion, Nippon Steel Corporation, Fujitsu, Kyocera Corporation Sponsored ADR, ETC are performing well.
On the 27th, the ADRs (American Depositary Receipts) had mixed results compared to the Tokyo closing prices on the 27th in terms of yen conversion. In yen terms, Nippon Steel <5401.T>, Fujitsu <6702.T>, Kyocera Corporation Sponsored ADR <6971.T>, Mitsubishi Heavy Industries <7011.T>, and Sumitomo Mitsui Trust <8309.T> were performing well. On the other hand, Murata Manufacturing <6981.T>, Toyota <7203.T>, Nomura <8604.T>, Nitori HD <9843.T>, and SoftBank Group <9984.T> were underperforming. Provided by Wealth.
