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The Nikkei Average rose by 87 points, rebounding, but the upward momentum was sluggish as trading concluded = 5th afternoon session.
In the afternoon session, the Nikkei Stock Average rose by 87.06 yen compared to the previous day, reaching 37,418.24 yen, while the TOPIX (Tokyo Stock Price Index) gained 8.03 points, ending at 2,718.21 points. In the morning, the weakening yen in the Foreign Exchange market was seen as a positive factor, leading to a Buy bias at the start of trading. However, amidst a lack of cues, after the initial buying round, the market saw some Sell pressure as it turned down. In the afternoon session, supported by high U.S. stock index Futures during Extended hours trading, the Nikkei Average peaked at 1:19 PM.
What is the impact of Trump's "tariff stick"? U.S. Autos manufacturers organization: Prices will increase by 25%!
① The Automotive Innovation Alliance warns that Trump's new tariffs on Canada and Mexico will significantly increase car prices, with some models expected to rise by 25%. ② Auto Manufacturers warn that the tariffs will disrupt the North American integrated supply chain, increase Consumer costs, and put the USA auto industry at a competitive disadvantage.
The Nikkei Average is down about 15 yen, with buying prevailing but the upper levels are heavy, moving near the previous day's closing price = 5 days before the market close.
At around 10:08 AM on the 5th, the Nikkei average stock price fluctuates near 37,315 yen, down about 15 yen from the previous day. At 9:15 AM, it reached 37,178 yen, down 152 yen and 46 sen, but it is now in a range near the previous day's closing price. In the morning, the depreciation of the yen in the Foreign Exchange market was seen as a positive factor, leading to a buying advantage at the start of trading. However, it turned downward due to selling as participants awaited a rebound. On the 4th, the U.S. government imposed a 25% tariff on imports from Canada and Mexico.
Trends in ADR on the 4th = Keyence, Mitsubishi Heavy Industries, Toyota, etc., are low in yen conversion values.
On the 4th, the ADR (American Depositary Receipt) showed a significant decline compared to the Tokyo closing price converted to yen. In yen terms, Keyence <6861.T>, Mitsubishi Heavy Industries <7011.T>, Toyota <7203.T>, Nomura <8604.T>, and Nitori HD <9843.T> were all down. Denso <6902.T>, Honda <7267.T>, Mitsubishi UFJ <8306.T>, and SoftBank Group <9984.T> also showed weakness. Provided by Wealth Advisor Company.
Tesla Sales Drop In Europe In February, Some Countries Down Over 40%: Is Musk's Political Push Hurting EV Company?
Automotive Sector Raises Alarm Over Expected Damage From Tariffs
