Toyota Motor Stock Is Trading Higher Thursday: What's Driving The Action?
The three major U.S. stock index futures fell collectively, while Toyota Motor rose over 9% in pre-market trading | Highlights for tonight.
① Toyota Motor's Pre-Market Trading rose over 9%, and the company reportedly plans to increase its ROE to 20%; ② Sources say Alibaba and E-Mart will form a $4 billion E-Commerce joint venture in South Korea; ③ Japan Steel's plan to acquire United States Steel has been postponed until March of next year.
With limited participants, export stocks are leading the market.
The Nikkei average continued to rise significantly, closing at 39,568.06 yen, up 437.63 yen (with an estimated Volume of 1.9 billion 60 million shares). With European and American markets closed, market participants were limited and the day started slightly lower. However, as the yen temporarily weakened to around 157 yen per dollar, export stocks such as Automobiles were actively bought, and the Nikkei average even extended its gains to 39,592.28 yen towards the end of the afternoon session. Additionally, as the final trading day for year-end settlements approached, individual tax-saving sell-offs also peaked.
Despite the absence of Overseas investors, a solid development is underway.
The Nikkei Average rebounded, finishing at 39,130.43 yen, up by 93.58 yen (with an estimated Volume of 1.7 billion 60 million shares). Buoyed by the previous day's rise in U.S. tech stocks, buying began early, pushing the Nikkei Average up to 39,180.59 yen shortly after the open. However, with European and American investors entering the Christmas holiday, market participation was low, leading to a shift to a negative trend due to position adjustments, with the index dropping to 38,927.16 yen during the middle of the morning session. The afternoon session saw a market environment characterized by strong stagnation.
The Nikkei average rebounded as trading became sparse with the Christmas holidays approaching.
On the 24th, the US Stocks market continued to rise. The Dow Inc average increased by 390.08 points to 43,297.03, while the Nasdaq finished trading up 266.25 points at 20,031.13. There was caution over rising long-term interest rates, leading to mixed results after the opening. With a shortened trading session on the day before the Christmas holiday, technology stocks continued to be bought, boosting the stock market. Anticipation of a Christmas rally from the 24th through the end of the year aided this rise, and as the day progressed, the gains were expanded at the close. Following the rise in US stocks,
Canon Inc-Spons Adr, Espec, etc. [List of stocks from the newspaper]
*Canon Inc-Spons Adr <7751> re-enters the ArF lithography equipment market, aiming to gain Share through miniaturization (Nikkei Industrial Daily page 1) -○ *Espec <6859> launches aggressive strategies for Semiconductors, continuously introducing contract measurement services (Nikkei Industrial Daily page 1) -○ *Nippon Steel <5401> believes in 'presidential approval' for the acquisition of United States Steel, statement made for final decision (Nikkei Industrial Daily page 3) -○ *Sumitomo Chemical <4005> sells polarizing film to two Chinese companies, targeting large LCDs, to local companies in spring next year (Nikkei Industrial Daily page 3) -○ *Mitsubishi Corporation <8058> diverse workforce.
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Developments while keeping an eye on the exchange rate.
The Nikkei average has fallen for six consecutive trading days. It ended the day at 38,701.90 yen, down 111.68 yen (estimated Volume of 2.7 billion 10 million shares). Following the yen's depreciation after Bank of Japan Governor Kazuo Ueda's press conference, there was buying in export-related stocks, such as Automobiles, and the Nikkei average began to rebound. Towards the end of the morning session, it rose to 39,039.68 yen. However, after Finance Minister Katsunobu Kato expressed concerns over the fluctuations in the foreign exchange market, including speculative movements, it was a trigger for short-term Futures.
Stocks that moved or were traded in the first half of the session.
*Cybozu <4776> 2644 - Positive sentiment due to consideration of increased dividends for this period and significant profit growth outlook for the next period. *Market E <3135> 964 - Positive sentiment following the announcement of expanded shareholder benefits. *Japan Retech <1938> 1326 +199 High dividend yield appeal following significant dividend increase announcement. *Mitsui E&S <7003> 1754 +150 Reported to begin production of port cranes in Vietnam. *Shin Nihon Science <2395> 1662 +126 Tokai Tokyo Securities recommends buying anew.
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Peering Into Toyota Motor's Recent Short Interest
Moves to adjust positions ahead of the FOMC results.
The Nikkei average fell for four consecutive trading days, ending at 39,081.71 yen, down 282.97 yen (estimated Volume of 2.1 billion 10 million shares). Selling began on the back of declines in major stock indices in the USA market the previous day. During the mid-morning session, it fell to 39,123.32 yen. However, buying on dips and the stability of US stock Futures in the China market and Extended hours trading led to a rise to 39,382.69 yen by the end of the morning session. However, the results of the US Federal Open Market Committee, which will be revealed early tomorrow Japan time, are on the horizon.
The Nikkei average has fallen for four consecutive days, while Nissan and Mitsubishi Motors have hit the stop-high, but the Index ETF has seen little movement.
On the 17th, the U.S. stock market declined. The Dow Inc average fell by 267.58 points to 43,449.90 dollars, while the Nasdaq closed down 64.83 points at 20,109.06. After opening lower due to high long-term interest rates, it continued to decline. The retail revenue for November, announced in the morning, exceeded market Financial Estimates, and while there has been no change in the view that the Federal Reserve will lower interest rates at the Federal Open Market Committee (FOMC), it has led to speculation that the pace of rate cuts next year will be gradual.
Honda, Nissan, Mitsubishi merging? Japanese car companies need to band together for warmth.
Nissan is currently mired in financial difficulties, with only 12 to 14 months of Cash / Money Market reserves left, facing pressure from aggressive Shareholders and a huge debt burden, and its stock price has dropped about 39% so far this year; Honda has once again lowered its performance and delivery guidance.
Toyota Motor, Sumitomo Pharma, etc.
*Toyota <7203> ends production of the Lexus 'UX' and focuses on next-generation EVs (Nikkankogyo, page 1) - ○ *Honda <7267> aims to double hybrid vehicle production by 2030, targeting global sales of 1.3 million units per year (Nikkankogyo, page 1) - ○ *Sumitomo Pharma <4506> and Sumitomo Chemicals establish a new company for regenerative and cell medicine, aiming for a scale of 350 billion yen in the late 2030s (Nikkankogyo, page 3) - ○ *Tokyo Gas <9531> signs an agreement with McDonald's to supply renewable energy to 75 stores in the Kanto area (Nikkankogyo, page 3) - ○ *Japan Escon <8892> Mitsubishi Chemicals.
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