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Concerns about the escalation of trade friction between the US and China eased, temporarily recovering to the 35,000 yen range.
The Nikkei Average has made a significant rebound for the first time in three days, closing at 34,868.63 yen, up 648.03 yen (with the estimated Volume of 1.8 billion shares). On the 22nd, in the USA, it was reported that U.S. Treasury Secretary Yellen indicated that progress in trade negotiations with China was possible, leading major stock indices to rise by over 2%. In line with this trend, the Nikkei average started on a Buy and quickly climbed to 35,142.12 yen shortly after the trading began. However, it briefly fell by 143 yen in the morning.
The Nikkei average is up about 690 yen, with the top contributors being Fast Retailing, Tokyo Electron, and Advantest.
As of 12:45 PM on the 23rd, the Nikkei Stock Average is trading around 34,910 yen, up about 690 yen from the previous day. In the afternoon session, buying is dominant, and the market begins with a slight recovery of the gains. The foreign exchange market is slightly leaning towards a weaker yen at 142.10 yen per dollar, which seems to support export-related stocks. In terms of contribution of the stocks listed in the Nikkei Stock Average, Fast Retailing <9983.T>, Tokyo Electron <8035.T>, and Advantest <6857.T> are among the top positive contributors.
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Concerns about the decline in U.S. stocks and the appreciation of the yen are present, but there is a sense of underlying strength.
The Nikkei average continued to decline, finishing trading at 34,220.60 yen, down 59.32 yen (Volume estimated at 1.4 billion 30 million shares). Reflecting the drop in major stock indices in the previous day's USA market, selling started ahead. There was a moment right after the opening when it turned positive at 34,340.57 yen, but the buying did not continue, and by the middle of the morning session, it had dropped to 34,109.85 yen. However, nearing the psychological barrier of 34,000 yen, there was a resistance to falling due to the bargains stemming from perceived value, and the yen exchange rate is at its highest in about seven months.
The Nikkei average is down about 125 points, with negative contributions from Tokyo Electron, Fast Retailing, and Advantest ranking at the top.
On the 22nd at around 12:47 PM, the Nikkei Average stock price fluctuated around 34,150 yen, down approximately 125 yen from the previous day. In the afternoon session, selling remained dominant, expanding the decline as trading commenced. The foreign exchange market showed a dollar exchange rate of 140 yen and 10 sen, indicating a stronger yen and weaker dollar compared to early morning levels, which appears to be weighing on stock prices. Among the contributing stocks to the Nikkei Average, Tokyo Electron <8035.T>, Fast Retailing <9983.T>, and Advantest <6857.T> ranked highest in negative contributions.
On the 17th, the ADR trends showed that INPEX, Omron, Mitsubishi Heavy Industries, ETC are performing well in terms of yen conversion.
On the 17th, the American Depositary Receipts (ADR) showed mixed results compared to the Tokyo closing prices in yen. In yen terms, INPEX <1605.T>, Omron <6645.T>, Mitsubishi Heavy Industries <7011.T>, Mizuho <8411.T>, and Nitori HD <9843.T> were higher. On the other hand, LINE Yahoo <4689.T>, Keyence <6861.T>, FANUC CORP <6954.T>, Tokyo Electron <8035.T>, and SoftBank Group <9984.T> were softer.
Space Dust : Nvidia is a great tech story, climax just happened. how far down or hope for sideways..?