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The decline in Japanese tech stocks led to a temporary drop below the 38,000 yen level.
The Nikkei average continued to decline, closing at 38,142.37 yen, down 95.42 yen (with an estimated Volume of 1.8 billion 50 million shares). In the previous day's USA market, tech stocks were sold off, leading to a focus on selling semiconductor-related stocks in the Tokyo market. The Nikkei average dropped to 37,742.76 yen during the mid-morning session, also dipping below the key level of 38,000 yen at times. However, many are eager to wait for the earnings report from USA semiconductor giant NVIDIA, which is scheduled for early tomorrow morning Japan time.
JP Movers | Furukawa Electric Rose 4.36%, Leading Nikkei 225 Components, Fujikura Topped Turnover List
Market sentiment was stable today as Nikkei 225 components continued to trade sideways, with Furukawa Electric(5801.JP) being the top gainer today, rising 4.36% to close at 6685.0 yen. In addition, the top loser was M3(2413.JP),falling 5.30% to end at 1893.0 yen.
Today's flows: 02/26 Fujikura saw an inflow of JPY¥ 3.68 billion, Tokyo Electron saw an outflow of JPY¥ 17.25 billion
On February 26th, the TSE Main Market saw an inflow of JPY¥ 751.19 billion and an outflow of JPY¥ 826.7 billion.$Fujikura(5803.JP)$, $Sony Group(6758.JP)$ and $IHI(7013.JP)$ were net buyers of JPY¥ 3.
Stocks that moved or were traded in the first half of the session.
*JPHLD <2749> 597 +80 Upward revision of financial estimates and introduction of shareholder benefit system. *TIS <3626> 4127 +245 Goldman Sachs Group Inc upgraded investment judgment. *Euglena <2931> 510 +26 Developing as a space-related sector. *Rigaku <268A> 1116 +27 Nomura Securities has upgraded its investment judgment. *Nissin Food HD <2897> 3064 +76.5 There is a defensive shift, moving away from the low price range.
Advantes --- actions to Buy back ahead of NVIDIA's earnings report.
After a decline the previous day, the indices fell below the 25-day and 75-day moving averages, but despite significant adjustments in Tokyo Electron <8035>, relative strength can be observed. In the USA, there are moves to reduce holdings in large tech stocks, and while a cautious stance cannot be abandoned, in anticipation of NVIDIA's earnings report, it appears that short sellers may find it easier to cover their positions.
The Nikkei average is down about 330 yen, with negative contributions from Tokyo Electron, SoftBank Group, and Konami Group being the highest.
As of 12:46 PM on the 26th, the Nikkei average stock price is around 37,900 yen, down approximately 330 yen from the previous day. In the afternoon session, buying became dominant, reducing the decline as it started. Since then, it has been steadily trending. The exchange rate is currently at about 149 yen and 40 sen per dollar, moving slightly in the direction of yen depreciation. In terms of negative contributions to the Nikkei average stock price, the top are Tokyo Electron <8035.T>, SoftBank Group <9984.T>, and Konami Group <9766.T>. For positive contributions, Fast Retailing <998.
Space Dust : Nvidia is a great tech story, climax just happened. how far down or hope for sideways..?