Recovery to 0.04 million yen level due to expectations for the New Year market.
The Nikkei average rose significantly for the third consecutive day. It ended at 40,281.16 yen, up 713.10 yen (with an estimated Volume of 2.1 billion 30 million shares), recovering to the 0.04 million yen level for the first time in about five and a half months since July 19. The yen rate weakened to around 158 yen to the dollar in the previous day's Overseas market, leading to early buying focused on export stocks such as Automobiles, and the Nikkei average started to rise. Just before the midday close, it recovered to the 0.04 million yen level for the first time in about two weeks. Afterwards, Semiconductor-related stocks and other high-value stocks continued to rise.
Defense spending is increasing, and Japan's total budget for 2025 will reach a record 115 trillion yen.
In the new budget proposal, the spending items with the largest increase include: a significant increase of over 10% in defense spending, reaching 8.5 trillion yen; and an approximately 7% increase in allocations to local governments. Due to record high tax revenues, the scale of newly issued government bonds will decrease by nearly one-fifth, down to 28.6 trillion yen.
With limited participants, export stocks are leading the market.
The Nikkei average continued to rise significantly, closing at 39,568.06 yen, up 437.63 yen (with an estimated Volume of 1.9 billion 60 million shares). With European and American markets closed, market participants were limited and the day started slightly lower. However, as the yen temporarily weakened to around 157 yen per dollar, export stocks such as Automobiles were actively bought, and the Nikkei average even extended its gains to 39,592.28 yen towards the end of the afternoon session. Additionally, as the final trading day for year-end settlements approached, individual tax-saving sell-offs also peaked.
List of cloud-breaking stocks [Ichimoku Kinko Hyo - List of cloud-breaking stocks]
○ List of stocks breaking above the clouds in the market Code Stock Name Closing Price Leading Span A Leading Span B Main Board <1375> Yukiguni Maitake 1037 1036 1019.5 <1663> K&O Energy 3260 3061.25 3242.5 <1860> TODA Corporation 9759 68.25 958 <1887> Japan National Land Development 5155 12.5 503 <1949> Sumitomo Electric Industries 4880 4846.25 4267.5
Despite the absence of Overseas investors, a solid development is underway.
The Nikkei Average rebounded, finishing at 39,130.43 yen, up by 93.58 yen (with an estimated Volume of 1.7 billion 60 million shares). Buoyed by the previous day's rise in U.S. tech stocks, buying began early, pushing the Nikkei Average up to 39,180.59 yen shortly after the open. However, with European and American investors entering the Christmas holiday, market participation was low, leading to a shift to a negative trend due to position adjustments, with the index dropping to 38,927.16 yen during the middle of the morning session. The afternoon session saw a market environment characterized by strong stagnation.
The impact of rising U.S. tech stocks is limited, leading to a shift towards value stocks.
The Nikkei Average fell. It closed at 39,036.85 yen, down 124.49 yen (Volume estimated at 1.8 billion and 40 million shares). Following the rise in US stocks the previous day, buying began to lead, and shortly after the opening, it increased to 39,245.75 yen. However, with the Christmas holiday approaching, the movements of Overseas investors were sluggish, and there was no active push for higher prices. Subsequently, the focus shifted to profit-taking rebalance movements, and by the end of the first half, it dropped to 38,995.76 yen, approaching the key level of 39,000 yen.
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