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How do you view the recent "hawkish" stance of the Bank of Japan executives? Goldman Sachs: The next interest rate hike may still have to wait until January next year.
Goldman Sachs believes that when evaluating the timing of interest rate hikes, it is important to consider financial market stability and inflation trends. The bank predicts that January next year will be the best time to determine whether Japan's inflation will rebound, and based on this, determine that Japan will raise interest rates in January. However, if there is significant turmoil in the financial markets, the timing of the rate hike may become uncertain.
ADR Japanese stock ranking - Advantest and others are almost all rising, Chicago is 825 yen higher than Osaka at 36,595 yen.
ADR (American Depositary Receipt) of Japanese stocks, compared to the Tokyo Stock Exchange (at an exchange rate of 1 dollar = 142.33 yen), Advantest <6857>, Softbank Group <9984>, Japan Post <6178>, Disco <6146>, Tokyo Electron <8035>, Renesas <6723>, Hitachi <6501> and other stocks rose, almost across the board. Chicago Nikkei 225 futures settlement price closed 825 yen higher than Osaka day trade, at 36,595 yen. The U.S. stock market is rising. The Dow Jones Industrial Average is up 124.75 points to 40,861.
The yen's appreciation has become a burden, and it has been a month since it reached the 35,000 yen level.
The Nikkei average continued to decline for 7 business days. It closed at 35,619.77 yen, down 539.39 yen (volume approximately 1.930 million shares), ending the trading day in the 35,000 yen range for the first time in about a month since August 9th. Amid the yen's movement to around 141 yen to the dollar for the first time in about 8 months, selling pressure led to a wide range of stocks, especially export-related stocks. Furthermore, in the afternoon, concerns about performance led to renewed selling as the yen strengthened to around 140 yen to the dollar. The Nikkei average widened its decline towards the end of the afternoon session, temporarily dropping to 352.
Nikkei Stock Average Contribution Ranking (Closing) - The Nikkei Stock Average has fallen significantly for 7 consecutive days, with First Retail and Advantest pushing down by about 108 yen in 2 stocks.
At the closing of the market on the 11th, the number of rising stocks in the Nikkei average composition was 12, the number of falling stocks was 211, and the number of unchanged stocks was 2. The U.S. market on the 10th was mixed. The Dow average closed at 40,736.96, down 92.63 points (−0.23%), the Nasdaq closed at 17,025.88, up 141.28 points (+0.84%), and the S&P500 closed at 5,495.52, up 24.47 points (+0.45%). Expectations of a soft landing continued to drive buying, with opening.
The Nikkei average fell 567 yen, cautious about yen strength and stock market decline.
The Nikkei average is down 567 yen (as of 1:50 PM). In terms of Nikkei average contribution, First Retail Co., Ltd. <9983>, Advantest Co., Ltd. <6857>, KDDI Corporation <9433>, etc., are among the top negative contributors, while SoftBank Group <9984>, Eisai Co., Ltd. <4523>, Otsuka Holdings Co., Ltd. <4578>, etc., are among the top positive contributors. All sectors are experiencing a decrease in value. Mining, oil & coal products, transportation equipment, electric & gas companies, and securities commodity futures are among the top decliners in terms of percentage decrease.
Three points to watch in the afternoon session - the development of the yen's high level, which is disliked since 8 months ago
In the afternoon trade on the 11th, the following three points should be noted: - The Nikkei average has continued to decline for 7 days, and there is a development of aversion to the high yen level for the first time in 8 months - The dollar-yen is weak, staying around 141 yen - The top contributors to the decline are First Retailing <9983>, followed by KDDI <9433> ■ The Nikkei average has continued to decline for 7 days, with aversion to the high yen level for the first time in 8 months. The Nikkei average continued to decline, closing at 35,867.33 yen down 291.83 yen (-0.81%) from the previous day, with an estimated volume of 8040 million shares in the morning session.