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Developments while keeping an eye on the exchange rate.
The Nikkei average has fallen for six consecutive trading days. It ended the day at 38,701.90 yen, down 111.68 yen (estimated Volume of 2.7 billion 10 million shares). Following the yen's depreciation after Bank of Japan Governor Kazuo Ueda's press conference, there was buying in export-related stocks, such as Automobiles, and the Nikkei average began to rebound. Towards the end of the morning session, it rose to 39,039.68 yen. However, after Finance Minister Katsunobu Kato expressed concerns over the fluctuations in the foreign exchange market, including speculative movements, it was a trigger for short-term Futures.
Nikkei Average Contribution Ranking (Close) ~ The Nikkei Average fell for the sixth consecutive day, with SoftBank Group and Advantest contributing to a decrease of about 73 yen from the two stocks.
As of the close on the 20th, the number of rising and falling stocks in the Nikkei average was 105 that rose, 115 that fell, and 5 that remained unchanged. The US stock market was mixed on the 19th. The Dow Inc rose by $15.37 to close at $42,342.24, while the Nasdaq dropped by 19.93 points to close at 19,372.77. After the opening, there was an increase. The sudden drop the previous day following the Federal Open Market Committee (FOMC) indicating a slowdown in the Federal Reserve's (FRB) pace of additional interest rate cuts was not sustained.
Olympus Announces Leadership Change in Technology
Ziegler Closes $22,340,000 Infrastructure Financing for Olympus Community Development District
Olympus announces the succession process for the CEO.
On December 20, 2024, Olympus Corporation (hereinafter referred to as Olympus) initiated a comprehensive succession process for the CEO following the resignation of the former CEO. While Yasuo Takeuchi, the Chairman and Representative Executive Officer, continues to serve as CEO, the company will proceed with the selection of the successor CEO. In accordance with the company's commitment to corporate governance, the Nomination Committee will lead this process. The Nomination Committee will select the most suitable candidate for the CEO position.
Announcement of individual stocks regarding the transfer of executive officers (PDF format: 147.0KB)
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