Sell pressure is waiting for the return to 0.04 million yen.

The Nikkei average fell for the fifth consecutive business day, although slightly. Trading closed at 39,594.39 yen, down 4.61 yen (with a volume estimate of 1,308,000,000 shares). The previous day's US market saw buying of high-tech stocks leading to a rebound in major stock indexes, so in the Tokyo market, high-impact values of the index were prioritized for buying back in high-tech stocks. The Nikkei average rose to 39,927.89 yen immediately after the start of trading. However, there were waiting sellers near the psychological threshold of 40 million yen and expectations of the Bank of Japan's policy normalization, causing a retreat.

Fisco Japan03:06 ET

The Nikkei Average fell for the fifth consecutive day amid a back-and-forth movement ahead of earnings announcements.

On the 22nd, the US stock market rebounded. The Dow rose 127.91 points (+0.32%) to 40,415.44 dollars, the Nasdaq rose 280.63 points (+1.58%) to 18,007.57, and the S&P 500 rose 59.41 points (+1.08%) to 5,564.41. After the opening, the uncertainty eased following Biden's withdrawal from the election, leading to an increase. The Dow initially fell as buying in anticipation of former President Trump's victory retreated, but high-tech stocks

Fisco Japan02:32 ET

July 23rd [Today's Investment Strategy]

[FISCO Selected Stocks] [Material Brands] JM Holdings <3539> 2752 yen (7/22) operates food supermarkets such as 'Japan Meat Fresh Store' and 'Niku no Hanamasa'. It is based in the Kanto region. It has upwardly revised its financial estimates for the fiscal year ending July 2024. The operating profit is expected to be 9 billion yen (an increase of 24.2% from the previous year). This is about a 16% increase from the previous estimate. Same-store sales are steadily increasing. In the fourth quarter, there will be unexpected new store openings and store renovations, resulting in temporary costs.

Fisco Japan20:16 ET

Assessing the rebound potential of high-tech stocks.

[Stock Opening Comments] The Japanese stock market on the 23rd started with buying followed by a gradually increasing stalemate as a result of the rise in US stocks. On the US market on the 22nd, the NY Dow was up 127 points and the NASDAQ was up 280 points. US President Biden announced his support for Vice President Harris as a successor candidate, withdrawing from the November US presidential election. It was reported that he is rapidly gaining support from major donors on Wall Street while warning against former President Trump's policy towards China.

Fisco Japan19:36 ET

List of cloud breakout stocks (Part 3) [Ichimoku Kinko Hyo and Cloud Breakout stocks]

List of stocks that have fallen below the cloud: Market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo Prime <7637> Shira Dō 2614 2831 2700 <7679> Yakuōdō HD 2726 2781.25 2734.5 <7990> Globe Life 2068 2136.5 2075 <8020> Kanematsu

Fisco Japan18:57 ET

Nippon Yusen Kaisha revised its operating profit upward to 215 billion yen from 165 billion yen on March 25th.

Yuusen <9101> announced a revision to its financial estimates for the fiscal year ending in March 2025. The revenue has been upwardly revised from ¥2.29 trillion to ¥2.57 trillion, and the operating profit has been revised from ¥165 billion to ¥215 billion, surpassing the consensus (around ¥180 billion). The route around the southern tip of Africa, which avoids the Red Sea due to the tense situation in the Middle East, has become established, leading to a shortage in supply and a rise in freight rates for container ships surpassing initial financial estimates for the container shipping business of equity method affiliate company Ocean Network.

Fisco Japan16:58 ET