The Nikkei average started off 265 yen higher, with rises in companies such as Yusen Logistics Co., Ltd. and Toshiba Corp.

[Nikkei Stock Average and TOPIX (table)] Nikkei Stock Average; 39,864.09; +265.09 TOPIX; 2,842.24; +14.71 [Opening Summary] On the 23rd, the Nikkei Stock Average rebounded for the first time in five days, starting trading at 39,864.09 yen, up 265.09 yen from the previous day. On the previous day, the US stock market rebounded. The Dow Jones Average closed at 40,415.44 dollars, up 127.91 dollars, and the Nasdaq closed at 18,007.57, up 280.63 points. President Biden withdrew from the election.

Fisco Japan47minutes ago

The hot stocks today according to FISCO are NYK Line and Toshiba Electronic.

Nippon Yusen Kabushiki Kaisha <9101> announced the revision of its financial estimates for the fiscal year ending March 2025. The revenue has been revised upwards from JPY 2.29 trillion to JPY 2.57 trillion, the operating profit from JPY 165 billion to JPY 215 billion, exceeding the consensus estimate of around JPY 180 billion. Due to the tension in the Middle East, the route around the southern tip of Africa via the Cape of Good Hope which avoids the Red Sea has become established, and the container shipping supply and demand have exceeded the initial assumptions, resulting in the freight rate being higher than expected for the company's equity-method affiliate, Ocean Network Express Holdings, Ltd., which operates the container shipping business.

Fisco Japan20:30 ET

JFE Holdings, Yokohama Rubber, etc. [List of stock materials from newspapers]

*JFEHD<5411> JFE Engineering, waste power generation in India, 27 years of operation (Nikkan Kogyo front page) - ○ * Komatsu <6301> Thermoelectric power generation sensor development, data transmission distance 10 times 500m (Nikkan Kogyo front page) - ○ * Yokohama Rubber <5101> Acquires mining tires from US Goodyear for 142 billion yen (Nikkan Kogyo page 3) - ○ * TIS <3626> Invests in Save Medical to expand pharmaceutical support (Nikkan Kogyo page 3) - ○ * ANA <9202> introduces 7 used small aircrafts.

Fisco Japan19:39 ET

Assessing the rebound potential of high-tech stocks.

[Stock Opening Comments] The Japanese stock market on the 23rd started with buying followed by a gradually increasing stalemate as a result of the rise in US stocks. On the US market on the 22nd, the NY Dow was up 127 points and the NASDAQ was up 280 points. US President Biden announced his support for Vice President Harris as a successor candidate, withdrawing from the November US presidential election. It was reported that he is rapidly gaining support from major donors on Wall Street while warning against former President Trump's policy towards China.

Fisco Japan19:36 ET

ADR Japanese stock ranking~ Tokyo Electric and other general buy the upper hand, Chicago is 470 yen higher than Osaka, with a price of 39,950 yen.

ADR (American Depositary Receipt) Japanese stocks, converted at a rate of 1 dollar 156.95 yen against TOPIX, Tokyo Electric <8035>, Advantest <6857>, Disco <6146>, Sumitomo Corporation <8053>, Toyota Motor <7203>, Renesas <6723>, Mizuho FG <8411> and others rose, with general buying interest. The Chicago Nikkei 225 futures settlement price was 39,950 yen, up 470 yen from the Osaka daytime session. The US stock market rebounded. The Dow Jones Industrial Average rose 127.91 dollars to 40,415.

Fisco Japan19:24 ET

Expect a rebound from the 200-day moving average level for Toshiba Electronic.

Due to a sudden drop caused by the opening of the gap at the foot, it was sold down to 29,755 yen on July 18th. However, it is showing support at the 200-day moving average level, which is at the same level, and is likely to move towards a pullback strategy approaching the 52-week line on a weekly basis. It has fallen below -3σ of the weekly Bollinger Bands in the sharp decline last week, and overselling is likely to be a concern. While waiting for a rebound trigger, the trend of buying semiconductor stocks such as Nvidia in the US market at the beginning of the week is likely to be a supportive factor.

Fisco Japan19:09 ET