Did Trump's victory make the Japanese stock market the 'big winner'?
After Trump's election victory, the Japanese stock market was boosted in the short term due to the depreciation of the yen. However, JPMorgan warned that the re-election brings long-term uncertainties, especially the potential pressure it may bring to Japanese companies that rely on exports.
NIKKEI 225 Index Rises 3.80% This Week to 39500.37 -- Data Talk
【Japanese stock market review】Be careful of Japan's intervention! The Nikkei 225 rose and then fell back, Trump's trade coming to an end.
On Friday (November 8), the Tokyo stock market experienced mixed ups and downs, with technology stocks rising. However, concerns about the possibility of Japanese government intervention in buying the yen led to a strong yen, causing a decline in auto manufacturers' stock prices.
Funds tend to concentrate on stocks evaluated at the fiscal year-end.
The Nikkei average stock price rebounded. It closed at 39,500.37 yen, up 118.96 yen (approximate volume of 2.4 billion shares). In the U.S. market on the 7th, while the NY Dow Jones Industrial Average fell slightly, a portion of tech stocks were bought, and the NASDAQ hit a record high for several consecutive days, starting with buying. However, as it approached the 0.04 million yen milestone, profit-taking sales were easily triggered, peaking at 39,818.41 yen shortly after the opening, leading to a trend of profit-taking dominance, with weekend factors causing a temporary drop to 39,377 in the afternoon.
The Nikkei average rebounds, with attention focusing on earnings stocks after a round of selling and buying.
On the 7th, the US stock market was mixed. The Dow Jones Industrial Average closed at 43,729.34, down 0.59 dollars, while the Nasdaq closed at 19,269.46, up 285.99 points. Buying continued to be favorable following Trump's victory in the presidential election, as well as expectations of a rate cut at the Federal Open Market Committee (FOMC), leading to gains after the opening. The Federal Reserve Board (FRB) decided on the expected rate cut at the FOMC, resulting in a decline in long-term interest rates, pushing Nasdaq higher, reaching record highs daily.
Nikkei Rises 0.3%, Tracking Wall Street's Gains -- Market Talk