The sudden drop of Fast Retailing is a burden.
The Nikkei average has fallen for three consecutive days, closing down 414.69 yen at 39,190.40 yen (estimated Volume 1.7 billion 30 million shares), below the psychological threshold of 39,500 yen. The operating profit for Fast Retailing <9983> for the September-November 2024 period announced the previous day fell below market Financial Estimates, causing the company's stock to drop nearly 8% at one point. The decline widened toward the middle of the morning session, reaching as low as 39,166.05 yen. However, due to the consecutive declines, there was buying aimed at a rebound in the afternoon session.
The Nikkei average has fallen for three consecutive days, influenced by a significant drop in Fast Retailing.
On the 9th, the US Stocks market was closed for the state funeral of former President Carter. The exchange rate remained stable around 158 yen per dollar. Although the US market was closed, the Nikkei average started trading down for the third consecutive day due to concerns about future sales in China reigniting after Fast Retailing <9983> announced its first-quarter financial results and saw a significant drop. Although Advantest <6857> reached a record high since its listing, the decline in the Nikkei average was more than 300 yen due to Fast Retailing alone, along with new buy materials.
Unicharm Corporation Sponsored ADR, Seria, ETC (additional) Rating
Downgrade - Bearish Code Stock Name Brokerage Firm Previous After -------------------------------------------------------------- <2678> Askul JPM "Neutral" "Underweight" <6146> Disco Macquarie "Outperform" "Neutral" Target Price Change Code Stock Name Brokerage Firm Previous After ------------------------------------
Hitachi, Symphonia, etc. [List of stock materials from the newspaper]
* Hitachi <6501> utilizes the Metaverse to streamline sewerage maintenance and data center management (Nikkan Kogyo, page 1) - ○ * Kaneka <4118> acquires an Israeli company, developing aneurysm treatment devices (Nikkan Kogyo, page 3) - ○ * Marubeni <8002> establishes a sales company for machinery in India, enhancing services and sales (Nikkan Kogyo, page 4) - ○ * Symphony <6507> autonomous transport for semiconductor panels, up to 600 mm square, for advanced back-end processes (Nikkan Kogyo, page 9) - ○ * Iseki Agriculture <6310> automates straight-line harvesting, reducing labor for large combines.
List of cloud break stocks (Part 2) [Ichimoku Kinko Hyo - List of cloud break stocks]
○ List of stocks that broke through the clouds Market Code Stocks Name Close Price Leading Span A Leading Span B Tokyo Main Board <1721> Comsys HD 3208 3258.25 3212.5 <1852> Asanuma Corporation 6486 54.56 71.5 <1945> Tokyo Energies 1053 1056.75 1115 <1963> JGC HD 1282 1324.51 300 <2117> Wellneo S 2197 2206.25
Reports regarding Trump tariffs are a burden.
The Nikkei average experienced a significant decline, finishing at 39,605.09 yen, down 375.97 yen (Estimated Volume of 1.8 billion 40 million shares). Selling became prominent due to some reports regarding tariffs in the USA and the tightening of export regulations on Semiconductors to China. With the US market being closed on the 9th, selling by European players was also observed, along with position adjustments ahead of the SQ calculation date for January futures, leading to a drop to 39,385.05 yen during the mid-afternoon session. In the latter part of the session, there was some buying on dips.