The trend is shifting to search for lower price targets due to worsening signals.
The Nikkei average fell significantly for four consecutive trading days, closing down 716.10 yen at 38,474.30 yen (estimated Volume of 1.9 billion 50 million shares), marking a drop below 39,000 yen for the first time since December 20 last year. In the USA market, technology stocks were sold off, particularly after the Biden administration announced new export regulations on Artificial Intelligence (AI) Semiconductors, which led to a similar trend in the Tokyo market. The downward trend of the Nikkei average strengthened, and at one point during the afternoon session, it was seen falling to 38,305.91 yen.
Reported Earlier, Mitsubishi Electric And AWS Forge Strategic Partnership To Advance Cloud, AI, And Sustainability Goals
The Nikkei average has declined for four consecutive days, affected by the drop in US stocks and high-priced Semiconductors.
The US market on the 13th was mixed. The Dow Inc average finished up 358.67 points at 42,297.12, while the Nasdaq ended down 73.53 points at 19,088.10. Following a retreat in expectations for rate cuts, there was continued selling, leading to a drop after the opening. The rise in the Energy Sector driven by higher oil prices and the increase in the Health Care Sector supported the market, allowing the Dow to turn upward. Despite concerns over rising interest rates leading to further declines in tech, the Nasdaq reduced its losses towards the end. The Dow expanded its gains and closed higher.
Tosei, Aeon Delaire, Etc (additional) Rating
Upgraded - Bullish Ticker Symbol Company Name Brokerage Firm Previous Change After --------------------------------------------------- <7735> Screen Mizuho "Hold" "Buy" Downgraded - Bearish Ticker Symbol Company Name Brokerage Firm Previous Change After --------------------------------------------------- <6586> Makita GS "Buy" "Hold" <6857> Advante Mizuho "Buy"
January 14th [Today's Investment Strategy]
[Fisco Selected Stocks] 【Material Stocks】 Ringer Hut <8200> 2200 yen (1/10) operates Nagasaki Champon 'Ringer Hut', Tonkatsu 'Hamakatsu', etc. Announced third quarter financial results. Cumulative operating profit is 1.272 billion yen (2.6 times compared to the same period last year). Opened 13 stores and closed 16 stores. By the end of November 2024, the total number of group stores will be 652, including 641 stores in Japan and 11 stores Overseas (of which 157 are franchises). Operating profit for the period ending February 2025 is projected to be 15.0.
Oenon Holdings, Furukawa Electricity Industry, ETC.
<2533>Oenon Holdings Co., Ltd. Mitsubishi UFJ Asset Management Co., Ltd. Shareholding ratio 0.62% → 0.61% Reporting obligation date 2024/12/30 <5801>Furukawa Electric Co., Ltd. MUFG Securities EMEA (MUFG Securities EMEA plc) Shareholding ratio -% → 0.28% Reporting obligation date 2024/12/30 <6755>Fujitsu Limited