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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
<Rating change observation> New: Misa Sakura Manufacturing / Fast Retailing upgrade, QB Net H downgrade, etc.
◎ New and resumed ratings for Jinz HD <3046.T> -- Major domestic players ranked at the highest tier in three levels for Sanken Electric <6584.T> -- Medium-sized domestic players ranked at the highest tier in three levels. ◎ Upgrade for SUMCO <3436.T> -- Major domestic players ranked at the highest tier in three levels for Rinnai <5947.T> -- Bank-affiliated firms ranked at the highest tier in three levels for Japan Building Fund <8951.T> -- Foreign firms ranked at second place in a five-tier system for Fast Retailing <9983.T> -- Major domestic players ranked at the highest tier in three levels (Target Price has been lowered). ◎ Downgrade for SMS <2175.T> --
On the 7th, the ADR trends show that Rakuten, Kyocera Corporation Sponsored ADR, and Sumitomo Trust, etc., are performing well in yen conversion.
On the 7th, the ADRs (American Depositary Receipts) showed almost overall gains compared to the Tokyo closing prices from the previous week, when converted to yen. In yen terms, Rakuten <4755.T>, Kyocera Corporation Sponsored ADR <6971.T>, Sumitomo Trust <8309.T>, Fast Retailing <9983.T>, and SoftBank Group <9984.T> all increased in value. Shin-Etsu Chemical <4063.T>, Nippon Steel <5401.T>, Advantest <6857.T>, Mitsubishi Heavy Industries <7011.T>, and Tokyo Electron <8035.T> also performed steadily.
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