Moves to adjust positions ahead of the FOMC results.
The Nikkei average fell for four consecutive trading days, ending at 39,081.71 yen, down 282.97 yen (estimated Volume of 2.1 billion 10 million shares). Selling began on the back of declines in major stock indices in the USA market the previous day. During the mid-morning session, it fell to 39,123.32 yen. However, buying on dips and the stability of US stock Futures in the China market and Extended hours trading led to a rise to 39,382.69 yen by the end of the morning session. However, the results of the US Federal Open Market Committee, which will be revealed early tomorrow Japan time, are on the horizon.
The Nikkei average has fallen for four consecutive days, while Nissan and Mitsubishi Motors have hit the stop-high, but the Index ETF has seen little movement.
On the 17th, the U.S. stock market declined. The Dow Inc average fell by 267.58 points to 43,449.90 dollars, while the Nasdaq closed down 64.83 points at 20,109.06. After opening lower due to high long-term interest rates, it continued to decline. The retail revenue for November, announced in the morning, exceeded market Financial Estimates, and while there has been no change in the view that the Federal Reserve will lower interest rates at the Federal Open Market Committee (FOMC), it has led to speculation that the pace of rate cuts next year will be gradual.
Nissan East HD - The second quarter saw a decline in profits, but it was within expectations, and the interim net profit achieved a record high.
NISSAN TOKYO SALES HOLDINGS <8291> is a holding company that has automobile sales companies affiliated with NISSAN MOTOR CO <7201> under its umbrella. Its subsidiary, NISSAN TOKYO SALES CO., is involved in the sale of new cars under the NISSAN and RENAULT brands, the purchase and sale of used cars, and vehicle maintenance services. It is one of the largest automobile dealers in the country, covering about 90% of the population in the Tokyo area. The company serves as a front-runner in the integrated mobility business, providing all services related to car life.
Stocks reaching the upper and lower limits in the first half of the trading session.
■Limit up <3185> Yume Tenbo <3858> Ubiquitous AI <4935> Liberta <5131> Linkers <7138> TORICO <7201> NISSAN MOTOR CO ■Limit down * Includes temporary limit up/down (indicative prices).
Honda, Nissan, Mitsubishi merging? Japanese car companies need to band together for warmth.
Nissan is currently mired in financial difficulties, with only 12 to 14 months of Cash / Money Market reserves left, facing pressure from aggressive Shareholders and a huge debt burden, and its stock price has dropped about 39% so far this year; Honda has once again lowered its performance and delivery guidance.
Toyota Motor, Sumitomo Pharma, etc.
*Toyota <7203> ends production of the Lexus 'UX' and focuses on next-generation EVs (Nikkankogyo, page 1) - ○ *Honda <7267> aims to double hybrid vehicle production by 2030, targeting global sales of 1.3 million units per year (Nikkankogyo, page 1) - ○ *Sumitomo Pharma <4506> and Sumitomo Chemicals establish a new company for regenerative and cell medicine, aiming for a scale of 350 billion yen in the late 2030s (Nikkankogyo, page 3) - ○ *Tokyo Gas <9531> signs an agreement with McDonald's to supply renewable energy to 75 stores in the Kanto area (Nikkankogyo, page 3) - ○ *Japan Escon <8892> Mitsubishi Chemicals.
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