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With FOMC looming, there was volatile movement throughout, but it managed to hold at 36,000 yen by the close.
The Nikkei average fell significantly. It closed at 36,203.22 yen, down 378.54 yen (with a volume of approximately 1.870 billion shares traded). Although the Nikkei average initially rose in the morning due to the record high of the NY Dow in the U.S. market on the 16th, it softened after reaching a high of 36,663.18 yen shortly thereafter. Against the background of expectations for a significant interest rate cut in the U.S., the yen exchange rate temporarily reached the 139 yen level against the dollar during the three-day holiday, the highest level in about a year and two months, causing growing concerns about the performance of export companies, which gradually heightened caution over the Nikkei average.
Companies such as Otsuka Holdings and Seiko House (additional) Rating
Upgrade - Bullish Code | Stock Name | Securities Company | Previous | After Change | ------|---------------|-------------|--------------|--------------|＜2371＞|Kakaku.com |SMBC Nikko | "3" | "2" |＜4927＞|POLA Orbis Holdings |Morgan Stanley | "Under W" | "Equal
List of Cloud Breakout Stocks [Ichimoku Balance Table, List of Cloud Breakout Stocks]
List of cloud-based stocks on the market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo Stock Exchange Prime <1766> Takeda Construction 11740 11055 11425 <5032> ANYCOLOR 2531 2293.25 2414.5 <5471> Daito Special Steel 1374 1313 1367.5 <6184> Kamakura Shinsho
China aims for the top with AI self-driving cars
[Self-driving Cars] Competition is intensifying among emerging companies such as Xpeng and leading tech giants like Huawei over the driver assistance software that is becoming a step towards full self-driving cars in China. China has surpassed other countries in the field of electric automobiles (EVs), and now it is reported that China is trying to repeat this achievement in the field of self-driving cars. <7203> Toyota Motor, <6902> Denso, <3663> Cell Cysco, <3906>
How do you view the recent "hawkish" stance of the Bank of Japan executives? Goldman Sachs: The next interest rate hike may still have to wait until January next year.
Goldman Sachs believes that when evaluating the timing of interest rate hikes, it is important to consider financial market stability and inflation trends. The bank predicts that January next year will be the best time to determine whether Japan's inflation will rebound, and based on this, determine that Japan will raise interest rates in January. However, if there is significant turmoil in the financial markets, the timing of the rate hike may become uncertain.
The selling pressure from the high yen and selling off before the 3-day weekend is a burden.
The Nikkei average fell. It ended trading at 36,581.76 yen, down 251.51 yen (with an approximate volume of 1.73 billion30 million shares). Buying took the lead from the start based on the rise of major stock price indices in the previous day's US market, and the Nikkei average rose to 36,887.40 yen just after the start of trading. However, as buying did not continue and the yen rose to the 140 yen range against the dollar, selling increased in export-related stocks, leading the Nikkei average to drop to 36,441.34 yen shortly after the start of afternoon trading.