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Assessing the resilience of high-tech stocks.
The Japanese stock market on the 10th is expected to show resilience. On the 9th, the US market saw the dow jones industrial average rise by 484 points and the nasdaq rise by 193 points. In the August US employment statistics released last week, the growth of non-agricultural employment fell below market expectations, while the unemployment rate showed mixed improvement, leading to autonomous buying aimed at rebounding from last week's significant decline. The recovery of semiconductor stocks such as nvidia also contributed to a sense of buying confidence. Chicago Nikkei 225 futures settlement.
ADR Japanese stock rankings - General buying of Japan Post, etc., Chicago is 25 yen lower than Osaka at 36,215 yen.
Japanese stocks of ADR (American Depositary Receipt) such as Japan Post <6178>, Mitsubishi UFJ Financial Group <8306>, Tokyo Marine Holdings <8766>, Sumitomo Mitsui Financial Group <8316>, SoftBank Group <9984>, Komatsu <6301>, and Mizuho Financial Group <8411> have risen compared to the Tokyo Stock Exchange (at an exchange rate of 1 dollar = 143.15 yen), and buying momentum is strong overall. The settlement price of the Chicago Nikkei 225 futures was 36,215 yen, down 25 yen from Osaka's daytime trading. The U.S. stock market rebounded with the Dow Jones Industrial Average up 484.18 dollars.
Stocks that moved the previous day part 1: Tokiwa Kosei, Edge Technology, Shuppin, etc.
Stock name <Code> 9th closing price ⇒ day-on-day comparison Tokiwakosan <9675> 1540 +300 reported to be acquired by a US investment fund. The company commented that there is no confirmed fact. Aile <3854> 2950 +102 operating profit is expected to increase by 20.2% from the previous period and by 12.6% for the current period. Mid-term management plan also announced. Komatsu Matere <3580> 738 +342 revised upward the performance forecast for the fiscal year ending March 2025. Japan House HD <1873> 358 +16 First quarter operating profit was 71.9 billion yen, compared to the previous year.
The strategic partnership between Tokyo Electron Ltd. unsponsored ADR and Tata Electronics for the formation of a semiconductor ecosystem in India is established.
Tokyo Electron Ltd. unsponsored ADR (TEL, Minato-ku, Tokyo, President: Toshiki Kawai) has recently signed a memorandum of understanding (MOU) with Tata Electronics Private Limited, one of the world's leading electronics manufacturers. Both companies are currently in the process of constructing India's first semiconductor manufacturing facility in Dholera, Gujarat, being built by Tata Electronics, as well as an assembly and testing facility in Jagiroad, Assam.
Former senior official of the Japan Financial Services Agency: There may be another rate hike before the end of the year!
Former senior official Tomoko Amaya of the Japan Ministry of Finance said that the central bank may raise interest rates again before the end of the year; she said that what matters is not the level or volatility of stock prices, but the level of confidence. The stable recovery of the market is enough to make interest rate hikes possible this year.
Selling ahead, but the yen's strength is easing the decline.
The Nikkei average fell for 5 consecutive business days. It ended the trade at 36,215.75 yen, down 175.72 yen (with a volume estimate of 1.8 billion shares). Concerns about the slowdown in the US economy resurfaced following the release of the August US employment statistics on the 6th, causing selling to spread to Japanese stocks. In addition, the yen appreciated temporarily, with the dollar reaching the 141 yen level, which also had an impact. The Nikkei average widened its decline in the mid-morning session and fell to 35,247.87 yen. However, after the yen stopped appreciating, there were buying opportunities and Globex's trade was entered.
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