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Concerns about the slowdown of the Japanese economy temporarily led to a drop below the 36,000 yen level.
The Nikkei average fell. It closed at 36,793.11 yen, down 235.16 yen (Volume approximately 2.2 billion 40 million shares). Concerns about an economic slowdown in the USA due to President Trump's tariff policies led to a significant decline in major stock indices in the previous day's USA market, while the yen strengthened to the mid-146 yen range against the dollar, which also pressured investor sentiment. During the first half of the trading session, the Nikkei average dropped to 35,987.13 yen, breaking below 36,000 yen for the first time in about six months since September 17 of last year.
The Nikkei Average fell by 235 points and closed lower, reducing its decline towards the end of trading and finishing at a high price = November 11 afternoon session.
On the 11th, the Nikkei average stock price fell by 235 yen and 16 sen to 36,793 yen and 11 sen, showing a decline. The TOPIX (Tokyo Stock Price Index) decreased by 30.04 points to 2,670.72 points, marking a three-day losing streak. On the 10th, U.S. stocks sharply fell after President Trump made comments about the economy being in a 'transition period,' which could be interpreted as accepting a recession. Japanese stocks also fell in response to this movement, leading to initial selling. The Nikkei average at 10:15 AM was down 1,041 yen and 14 sen to 35,987 yen.
Although high-tech stocks are steady, there is a stagnation around 37,000 yen.
The Nikkei average rebounded, ending the trade at 37,028.27 yen, up 141.10 yen (Volume approximately 1.7 billion shares). It started with buying due to the rise in US stocks at the end of the previous week, but comments from President Trump led to uncertainty, and there were moments when the Nikkei average turned down to 36,705.02 yen. However, due to the continuous drop in stock prices, there were movements to pick up dips, and the yen, which was close to falling below 147 yen per dollar for a time, stabilized in the late 147 yen range, resulting in a buying movement.
The Nikkei average is up about 210 points, with Advantest, Tokyo Electron, and SoftBank Group being the top contributors.
At around 12:47 PM on the 10th, the Nikkei Stock Average is around 37,100 yen, up about 210 yen compared to the end of last week. The latter half of the session started with a slight selling advantage, but it seems to be recovering the upward movement at present. The exchange rate is around 147 yen and 60 sen per dollar, indicating a slight depreciation of the yen at the moment. In terms of contribution to the Nikkei Stock Average, Advantest <6857.T>, Tokyo Electron <8035.T>, and SoftBank Group <9984.T> are at the top positively, while Chugai Pharmaceutical <451> is negatively affected.
M3, Coca BJH, etc. (additional) Rating
Upgraded - Bullish Code Stock Name Brokerage Firm Previous After Change --------------------------------------------------- <3436> SUMCO SMBC Nikko "2" "1" <5947> Rinnai Mizuho "Hold" "Buy" <9983> Fast Retailing SMBC Nikko "2" "1" Downgraded - Bearish Code Stock Name Brokerage Firm Previous After Change -------------------------------------
Rating information (investment decision change - part 1) = QB Net H, JINS HD, ETC.
◎ Daiwa Securities (5-level rating: 1 > 2 > 3 > 4 > 5) QB Net H<6571.T> - "2" → "3", 1600 yen → 1050 yen Capcom Co., Ltd.<9697.T> - "2" → "3", 2900 yen → 3800 yen ◎ SMBC Nikko Securities (3-level rating: 1 > 2 > 3) JINS HD<3046.T> - New "1", 8200 yen SUMCO<3436.T> - "2" → "1", 1450 yen → 1500 yen Fast Retailing<9983.T> - "2" → "1", 54000 yen → 5
