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Trump Tariff Threats Hit Ford, GM, Other Auto Stocks. This Is Why. -- Barrons.com
Trump's Mexico Tariff Threat Rattles Japanese Carmakers -- WSJ
Nissan Falls on News of Further Production Cuts, Tariffs
Mitsui E&S, Kewpie, H.I.S., etc.
Mitsubishi Corporation <8058> fell sharply by 70.5 to 2566. Nomura Securities downgraded its investment judgment from "buy" to "neutral," and lowered the target stock price from 3620 yen to 2950 yen. The slump in raw coal market conditions, along with the decline in production volume, has caused a negative impact exceeding expectations, leading to a decrease in profit levels. While the strong cash generation capability, shareholder returns, and high dividend yield may help support the stock price, the roe level for the fiscal year ending March 26 is 7%, compared to the sector average of 11%.
Nissan Falls on Report of Further Production Cuts, Tariffs
The Nikkei average in the afternoon session started 493 yen lower, with declines in companies such as Furukawa Electric and Mitsui Chemicals.
[Nikkei Average Stock Price・TOPIX (Table)] Nikkei Average: 38,287.13, -493.01 TOPIX: 2,681.46, -34.14 [Afternoon Opening Overview] The Nikkei average in the afternoon started slightly lower than the previous day at 38,287.13 yen, down 493.01 yen from the morning close (38,260.38 yen). During lunchtime, the Nikkei 225 futures traded in the range of 38,230 yen to 38,330 yen. The dollar-yen exchange rate was at 153.80-90 yen per dollar from around 9 a.m., a 50-yen increase.
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