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Bernstein Remains a Buy on Daiichi Sankyo Company (DSKYF)
Spot information on individual stocks.
Spot information on individual stocks (1) Daiichi Sankyo <4568.T> has surged. The U.S. Food and Drug Administration (FDA) has approved the breast cancer treatment drug "Datroway." Suzuki <7269.T> continues to rise. It has announced that it will start production of its first Battery EV (Electric Automobiles) at Maruti Suzuki's Gujarat factory from spring 2025. Remix <3825.T> is significantly up. With the upcoming inauguration of the next U.S. President Trump on the 20th, expectations for the relaxation of regulations on Cryptos (virtual currency) have been heightened. Fisco <3807>.
The Nikkei average rebounded significantly, temporarily recovering to 39,000 yen, but caution regarding Trump 2.0 weighed heavily.
On the 17th, the US stock market rebounded. The Dow Inc rose by 334.70 points to 43,487.83, while the Nasdaq closed 291.91 points higher at 19,630.20. In addition to the International Monetary Fund's (IMF) upward revision of global and domestic economic growth forecasts for 2025, optimistic views on the economy were spreading due to the better-than-expected number of housing starts and industrial production in December, leading to a rise after the opening. With the presidential inauguration set for the 20th, there are expectations for regulatory easing by the next administration and support measures for businesses and the economy.
Japanese Stocks Climb 1.2%
The Nikkei index surged by 451 points, marking a significant rebound, while trading was cautious ahead of the U.S. presidential inauguration, with the Main Board trading volume being the lowest this year as of the afternoon of the 20th.
On the 20th, during the afternoon session, the Nikkei average rose significantly by 451.04 yen to 38,902.50 yen compared to last week's closing. The TOPIX (Tokyo Stock Price Index) also saw a large increase of 31.85 points, reaching 2,711.27 points for the first time in three days. This was supported by rebounds in the NY Dow and Nasdaq Composite Index in the US stock market on the 17th, coupled with a shift towards a weaker yen compared to last week's levels, which led to a surge in buying of Japanese stocks. Amidst strong market movements, the Nikkei average reached 581 at 10:40 AM.
JP Movers | Daiichi Sankyo Rose 8.23%, Leading Nikkei 225 Components, Disco Topped Turnover List
Market sentiment was high today as Nikkei 225 components generally rose, with Daiichi Sankyo(4568.JP) being the top gainer today, rising 8.23% to close at 4417.0 yen. In addition, the top loser was Nintendo(7974.JP),falling 3.05% to end at 8901.0 yen.