Aiming for a pullback after the CPI has been released.

[Stock Opening Comment] The Japanese stock market on the 11th is expected to show a strong sense of stagnation. On the 10th, the USA market saw the Dow Jones Industrial Average fall by 154 points, and the Nasdaq decreased by 49 points. As the outlook for additional rate cuts by the Federal Open Market Committee (FOMC) remains strong, there is an increasing wait-and-see attitude due to the potential impact of the USA Consumer Price Index (CPI), which is set to be announced on the 11th, on policy changes. The settlement price of the Chicago Nikkei 225 Futures is 80 yen lower compared to Osaka.

Fisco JapanDec 10 18:35 ET

Nishikawa Rubbers Industry, Mitsubishi Heavy Industries, etc. [List of stock materials from the newspaper]

*Nishikawa Rubbers Industry <5161> resumes new factory plans for automotive sealing components (Nikkai Industrial, page 1) - ○ *Mitsubishi Heavy <7011> establishes a new design center for the next-generation fighter jet in Aichi (Nikkai Industrial, page 1) - ○ *Teijin <3401> develops Resin for cars, utilizing recycled plastics and responding to European regulation proposals (Nikkai Industrial, page 1) - ○ *Mitsui Chemicals <4183> aims for an ICT operating profit of 73 billion yen for fiscal 30, targeting 10 billion from new products (Nikkai Industrial, page 3) - ○ *Japan Micronics <6871> President Masayoshi Hasegawa discusses the expansion of generative AI.

Fisco JapanDec 10 18:23 ET

Continuing to fluctuate within the range of 39,000 to 39,500 yen.

The Nikkei average continued to rise, closing at 39,367.58 yen, up 207.08 yen (estimated volume of 1.7 billion shares). As the yen weakened to 151 yen per dollar, buying was led by export-related stocks, and the Nikkei average rose to 39,465.14 yen shortly after the opening. However, just before the psychological barrier of 39,500 yen, selling by those waiting for a rebound and profit-taking was evident, leading to some softening, with the index struggling to maintain its level, dipping to 39,171.69 yen towards the end of the morning session. In the afternoon session, semiconductor-related stocks...

Fisco JapanDec 10 02:25 ET

Buy on the dip at 39,000 yen.

The Nikkei Average rebounded, finishing with a gain of 69.33 yen at 39,160.50 yen (estimated volume of 1.7 billion 90 million shares). This came after the trend from the previous week's US market where some tech stocks were bought up, leading to a rebound in semiconductor-related stocks and other high-value shares, starting at 39,332.55 yen. However, after the initial buying subsided, selling in anticipation of a decline, particularly in semiconductors, and profit-taking selling intensified, causing declines to as low as 38,972.78 yen during the mid-morning session.

Fisco JapanDec 9 02:19 ET

The Nikkei Average slightly rebounded, but was weighed down by semiconductor weakness after a round of buying.

Last weekend, on the 6th, the Dow Jones Industrial Average in the US market closed at 44,642.52, down 123.19 dollars, while the Nasdaq ended the session at 19,859.77, up 159.05 points. Expectations for further rate cuts at the December Federal Open Market Committee (FOMC) meeting increased after the employment statistics, leading to an initial rise in trading. However, as several Federal Reserve Board (FRB) officials expressed caution about rate cuts, speculation grew about a slowdown in the pace of rate cuts, causing the market to struggle. The Dow remained subdued throughout the day.

Fisco JapanDec 9 02:00 ET

Resona HD, Ryohin Keikaku etc (additional) Rating

Upgrades - bullish Code Stock Name Securities Company Previous After ---------------------------------------------------------------- <4062> Ibiden Iwai Cosmo "B" "B+" Downgrades - bearish Code Stock Name Securities Company Previous After ---------------------------------------------------------------- <7839>

Fisco JapanDec 8 21:48 ET