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Against the backdrop of rising U.S. tech stocks and a weaker yen, it temporarily recovered to the 0.04 million yen level.
The Nikkei average rose significantly for the fourth consecutive day, closing at 39,849.14 yen, up 476.91 yen (Volume approximately 1.9 billion 30 million shares). Since the previous day's USA market was driven by buying in technology stocks, buying started off strongly, and in the mid-morning session, it rose to 40,091.55 yen, recovering the important level of 0.04 million yen for the first time since October 15. Additionally, the yen exchange rate depreciated to 152 yen to the dollar, which was also favorable for export-related stocks.
Yokan HD, Casio, ETC (additional) Rating
Upgraded - Bullish Code Stock Name Brokerage Firm Previous After ------------------------------------------------------------- <3291> Iida GHD Morgan Stanley "Underweight" "Equal Weight" <9021> JR West Japan SMBC Nikko "3" "2" <9502> Chubu Electric Mizuho "Hold" "Buy" Downgraded - Bearish Code Stock Name Brokerage Firm Previous After ------------------------
The Nikkei Average has risen for three consecutive days, showing strong movement with stable financial stocks.
On the 10th, the U.S. Stocks market fell further. The Dow Inc average decreased by 154.10 points, closing at 44,247.83 dollars, while the Nasdaq ended down 49.45 points at 19,687.24. With a lack of materials, buying and selling fluctuated after the opening, resulting in mixed outcomes. The Dow was pressured by selling due to caution at high prices, leading to a soft trend throughout the day. The Nasdaq was briefly boosted by Alphabet's rise, but selling due to concerns over high interest rates, along with drops in Oracle Corp and Semiconductors company NVIDIA, contributed to its decline.
American Alphabet is developing Semiconductors for quantum computers.
Google, a subsidiary of Alphabet Inc., announced that it has developed a new type of chip for use in Quantum Computers. It is reported that it can run calculations that would normally take an astronomical amount of time in less than five minutes, and has successfully dramatically reduced calculation errors that have been a barrier to technological development. This may provide clues for Quantum Computer-related advancements.
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