FAST RETAILING CO (FRCOF) Receives a Hold From Jefferies

TipRanks4minutes ago · Ratings

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"Trump trade" dominates, temporarily recovering to 39,600 yen.

The Nikkei average continued to rise significantly, closing at 39,480.67 yen, up 1005.77 yen (with an estimated volume of 2.450 million shares). Amid progress in the U.S. presidential election vote count, buying expectations for former President Trump's victory gradually took precedence. Additionally, in the foreign exchange market, the 'Trump Trade' led to a rise in dollar buying and yen selling, pushing the yen lower to around 154 yen per dollar, boosting investor sentiment. Furthermore, with U.S. stock index futures also trading in positive territory, there is optimism for post-election market movements.

Fisco Japan02:16 ET

Mercari, Kyushu FG, Daishinku, etc.

Nintendo Co Ltd (7974) surged by 444 to 8100. The company announced its second quarter results the previous day, with operating profit for the July-September period reaching 67 billion yen, a decrease of 29.1% compared to the same period last year, but exceeded market expectations by around 5 billion yen. On the other hand, the full-year forecast was revised downward from the previous 400 billion yen to 360 billion yen, but the downward revision itself was within expectations and seemed to lead to a feeling of bad news exhaustion in the short term. In addition to the decrease in hardware and software sales, the decline in income related to major hit movies also had an impact on the decrease in profit.

Fisco Japan02:05 ET