Autonomous rebound buying is predominant, reflecting the high stock prices of the US stock market and others.

The Nikkei average rebounded for the first time in nine business days, closing at 38,468.63 yen (+801.22 yen) (with volume estimated at 1.6 billion 10 million shares). In addition to the buying of high-tech stocks due to growing expectations of interest rate cuts in the US market at the end of last week, the Nikkei average also saw buying aimed at autonomous rebound as it had fallen more than 3600 yen in eight business days, and it recovered in the 38,000 yen range at the start. In the mid-morning of the morning session, it rose to 38,719.70 yen. However, a financial policy decision meeting between Japan and the United States will begin tomorrow, on which the Nikkei market has a keen eye.

Fisco Japan03:01 ET

Stocks that hit the daily limit up or down in the morning session.

- Top gainers: Z-Datt <4883>, Modalis <4935>, Libertas <5423>, Tokyo Seisen <6537>, WASH House <7776>, Cell Seed. - Includes temporary stop gains/losses (indicative values).

Fisco Japan23:01 ET

Investment strategy for today, July 29th.

[Fisco selected stock] [Material stock] MK Seiko <5906> 400 yen (7/26) handles repair equipment for cars such as gate-type car wash machines and transportation information boards. It has revised its financial estimates for the first half of 25 years ending March. Operating profit is expected to be 1.1 billion yen (an increase of 12.1% compared to the same period last year). The previous estimate was doubled. Due to the strong investment interest in improving non-oil revenue and the demand for labor-saving maintenance operations, the SS business is doing well. The full-year estimate has not been revised. Operating profit for the year ending March 25 is 10.0.

Fisco Japan20:35 ET

Brightpath Bio, Solasia Pharma, etc.

<2164> Regional Newspaper Co., Ltd. Angel Torch stock ownership ratio 38.99% → 37.60% Report obligation occurrence date 07/22/2024 <4594> Bright Path Bio Co., Ltd. Macquarie Bank Limited stock ownership ratio 5.71% → 1.84% Report obligation occurrence date 07/22/2024 <4597> Solasia Pharma Co., Ltd. Macquarie Bank Limited stock ownership ratio

Fisco Japan20:03 ET

Quantum Solutions, Demae-can, etc.

<2338> Quantum Solutions Co., Ltd. APEC (China) Development Limited's shareholding ratio decreased from 5.96% to 4.43% on the reporting obligation occurrence date of July 10, 2024. <2484> Demae-can Co., Ltd. LINE Yahoo Co., Ltd.'s shareholding ratio decreased from 38.44% to 37.43% on the reporting obligation occurrence date of July 18, 2024. <325>

Fisco Japan20:02 ET

After the buying spree, we will focus on individual responses based on the settlement.

[Stock Opening Comment] On the 29th, the Japanese stock market is expected to have a buying-dominant market development following a high trend in the US stocks. On the 26th of the US market, NY Dow surged 654 dollars and Nasdaq went up 176 points. A better-than-expected performance of 3M's financial estimates as well as PCE price index staying within expectations and confirming a trend in inflation stagnation, have led to a strong buying spree due to expectation of interest rate cuts later this year. The Chicago Nikkei 225 futures clearing price was 38235 yen, an increase of 545 yen compared to Osaka. The exchange rate was 1 yen.

Fisco Japan19:27 ET