Domestic stock market outlook: Financial stocks are supported despite the yen's appreciation, will the Nikkei average continue its consolidation phase?
The Nikkei average fell slightly by 75.82 yen (−0.20%) to 38,208.03 yen for the week, with moments below the 38,000 yen level. In the USA, there was increasing speculation about a rate cut at the Federal Open Market Committee (FOMC) meeting in December, while speculation about a rate hike at the Bank of Japan's monetary policy meeting in December increased. As a result, the narrowing of the interest rate difference between Japan and the USA was recognized, leading to the exchange rate market entering the 149 yen level against the dollar for the first time in about a month. The NY Dow Jones Industrial Average has been setting record highs daily, among other positive movements in the US stock market.
ADR Japanese stock ranking~High and low vary, Chicago is 38,300 yen, 130 yen higher than Osaka~
Japanese stocks of American Depositary Receipt (ADR), when compared to the Tokyo Stock Exchange (converted at 1 dollar to 149.59 yen), saw increases in Denso <6902>, Disco <6146>, Komatsu <6301>, SMC <6273>, Mizuho Financial Group <8411>, and others, while Yucho Bank <7182>, Japan Post Holdings <6178>, Nidec <6594>, Seven & i Holdings <3382>, MS&AD Insurance Group Holdings <8725>, Mitsubishi UFJ Financial Group <8306>, Nintendo Co Ltd <7974>, and others experienced declines.
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Despite the progress of the yen's appreciation, there is a strong price movement around 38,000 yen.
The Nikkei average fell. It ended the trading at 38,208.03 yen, down 141.03 yen (with a volume of approximately 1.62 billion shares). With Thanksgiving in the US the previous day causing a lack of clues in the market, the yen's temporary increase to the 149 yen per dollar range due to the announcement of the November Consumer Price Index (CPI) for Tokyo's wards before the start of trading was not well received. Export-related stocks were mainly sold, and there were moments when the Nikkei average dropped to 37,986.97 yen in the mid-morning session. However,
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Market sentiment was stable today as Nikkei 225 components continued to trade sideways, with The Chiba Bank(8331.JP) being the top gainer today, rising 4.21% to close at 1250.5 yen. In addition, the top loser was Nissan Motor(7201.JP),falling 4.01% to end at 358.9 yen.
Today's flows: 11/29 Kansai Electric Power saw an inflow of JPY¥ 3.62 billion, Disco saw an outflow of JPY¥ 9.64 billion
On November 29th, the TSE Main Market saw an inflow of JPY¥ 628.34 billion and an outflow of JPY¥ 683.55 billion.$Kansai Electric Power(9503.JP)$, $Mitsubishi UFJ Financial Group(8306.JP)$ and $
Nikkei Average Contribution Ranking (before the close) ~ The Nikkei Average fell back, with Tokyo Electron lowering it by about 27 yen from a single stock.
At the closing time on the 29th, the number of rising stocks in the Nikkei average constituent stocks was 73, the number of falling stocks was 149, and the number of unchanged stocks was 3. The Nikkei average fell. It ended the morning session of trading at 38,193.01 yen, down 156.05 yen (-0.41%) from the previous day, with an estimated volume of 750 million shares. The US market was closed for Thanksgiving holiday last night. In the foreign exchange market, trading of major currencies remained sluggish. The dollar-yen pair struggled to rise. After briefly being bought up to 151.77 yen, it dropped to 151.41 yen.
The Nikkei average fell, as the progress of yen appreciation triggered concerns, briefly falling below the 38,000 yen level.
The Nikkei average declined. It closed the morning trading at 38,193.01 yen, down 156.05 yen (-0.41%) from the previous day, with an estimated volume of 7,050 million shares. The US market was closed for the Thanksgiving holiday. In the currency market, trading of major currencies remained subdued. The dollar-yen pair struggled to rise, being bought up to 151.77 yen at one point, then falling to 151.41 yen before closing the trading at 151.50 yen. Despite the closure of the US market, the exchange rate experienced a stronger yen and a weaker dollar with the dollar trading at the 150-yen level.
The Nikkei average started down 143 yen, with companies like Sakuraya and 7&i HD declining.
[Nikkei Average and TOPIX (table)] Nikkei Average; 38205.08; -143.98 TOPIX; 2682.39; -4.89 [Opening Overview] On the 29th, the Nikkei Average started trading down 143.98 yen at 38205.08 yen. The U.S. stock market was closed on the 28th due to the Thanksgiving holiday. Today, the Tokyo stock market saw selling in the lead. The Nikkei Average faced upper resistance from the 25-day moving average and the 200-day line located around the 38600 yen level, limiting short-term upside potential from this point.
List of Cloud Breakout Stocks [Ichimoku Balance Table, List of Cloud Breakout Stocks]
○ List of Stocks that Break Above the Clouds Market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo Stock Exchange main board <1332> Nissui 939 926.25 884 <1786> Oriental Shiraishi 3843 81352.5 <1861> Kumagai Gumi 3575 3561.25 3487.5 <1942> Kansai Electric 2229 2182.25 2029 <2212> Yamazaki Baking 2849 2772.5 2736
The Japanese and Chinese markets continue to be sluggish, with Toyota (TM.US) sales and production remaining flat.
Boosted by a slight rebound in overseas markets following a long-term slump in Japan, toyota motor (TM.US) saw October sales and production stabilize.
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Toyota's global production in October decreased by 0.8%, with production in China dropping by 9%.
Data released by toyota motor on Thursday shows that global production fell for the ninth consecutive month in October, affected by a significant decline in production in the usa and china, although the decline was milder than in previous months. The company stated that global production in October was 893,164 vehicles, down 0.8% year-on-year, but the decline slowed from 8% in September. Toyota reported that global sales in October increased by 1.4% year-on-year, reaching 903,103 vehicles, marking the first growth in five months and setting a record for the highest sales in the same month in history. Due to airbag issues, the SUV models Grand Highlander and Lexus.
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Nikkei average contribution ranking (pre-closing) ~ Nikkei average rebounds for the first time in three days, with To-Electric pushing up about 141 yen per share.
As of the close on the 28th, the number of advancing and declining stocks in the Nikkei average was 151 up, 72 down, and 2 unchanged. The Nikkei average rebounded for the first time in three days, closing at 38,295.13 yen, up 160.16 yen (+0.42%) from the previous day, with a trading volume estimate of 0.8 billion 40 million shares. On the 27th, the U.S. stock market fell. The dow inc ended down 138.25 dollars at 44,722.06 dollars, while the nasdaq closed down 115.10 points at 19,060.48.