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There is a possibility of a solid development at the bottom, or continued speculation during the intermission.
Outlook for this week from December 2nd to December 6th: Tokyo Stock Exchange Growth Index is expected to show a firm development, with a possibility of continued interim profit-taking. The direction of the main board market is also unclear, so it seems that profit-taking between acts will continue. The trading value is not increasing significantly in the 100 billion yen range, so the trend is not very strong, but events like the sharp rise of WealthNavi <7342> could push up the index as well. In addition, Free <4478> and BASE, which have a significantly increasing market capitalization, are likely to continue rising.
The rise is broadening the selection of intermission stocks.
Last week's overview from November 25th to November 29th, the TOPIX Growth Index reached a high of 645.08, a low of 628.97, and a closing price of 643.97, with a weekly increase of 1.44% marking an upward trend. Amid a search for short-term gains, driven by the narrowing yield spread between Japan and the US, the exchange rate market saw the US dollar breaking into the 149 yen level for the first time in about a month. While large cap stocks on the main board struggled due to the strong yen and weak dollar trends, domestic demand-oriented stocks in emerging markets performed well. The reduced participation during the Thanksgiving holiday in the USA also had an impact, leading to profit-taking at the end of the week.
Emerging markets outlook: Will the search for interlude stocks continue, or will funds flow towards core stocks?
This week, large cap stocks on the main board are being actively traded while the emerging markets are on the rise. During the same period, the Nikkei average showed a decline of -0.20%, whereas the growth market index rose by +0.51% and the Growth Market 250 index increased by +0.91%, highlighting the strength of the emerging markets. In the USA, expectations for an interest rate cut at the December Federal Open Market Committee (FOMC) meeting have strengthened, while in japan, expectations for an interest rate hike at the December monetary policy decision meeting of the Bank of Japan have increased, leading to a heightened awareness of the narrowing interest rate gap between japan and the USA.
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Tokyo Stock Exchange Growth Index rose significantly, with a focus on emerging markets with a strong domestic demand as the yen appreciates.
Tokyo Stock Exchange Growth Market Index 824.18 +10.31 / Volume 0.2 billion 14.71 million shares / Trading value 131.6 billion yen Tokyo Stock Exchange Growth Market 250 Index 643.97 +9.59 / Volume 0.1 billion 49.2 million shares / Trading value 97.7 billion yen Today's growth market, the Tokyo Stock Exchange Growth Market Index and the Tokyo Stock Exchange Growth Market 250 Index both significantly extended their gains. The number of rising stocks is 278, the number of falling stocks is 268, unchanged is 44. Today's growth market had a strong performance. The US market on the 28th, the day before.
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