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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.
The Nikkei average fell for the sixth consecutive day, closing at a low due to the decline in financial stocks.
On the 19th, the U.S. Stocks market was mixed. The Dow Inc. rose by $15.37 to close at $42,342.24, while the Nasdaq fell by 19.93 points to end at $19,372.77. After the opening, the market experienced an upward movement. The sharp drop the previous day, due to the indication from the Federal Reserve Board (FRB) of a slowdown in the pace of additional interest rate cuts during the Federal Open Market Committee (FOMC), was seen as an overreaction, leading to a wave of buying. The domestic Gross Domestic Product (GDP) for the July to September period was revised upward, and new unemployment Insurance claims were announced in the morning.
TOPPAN, Mitsubishi Chemical Group, etc.
*TOPPAN <7911> acquired the soft packaging business of a U.S. company for 271.3 billion yen (Nikkei Industrial page 3) - ○*Murata Manufacturing <6981> produces MLCC in India to capture demand for smartphones (Nikkei Industrial page 3) - ○*Akebono Brake Industry <7238> fund becomes the largest Shareholder, Mr. Nagaoka as president (Nikkei Industrial page 3) - ○*Nippon Steel <5401> participating in iron ore development in Canada with Sojitz (Nikkei Industrial page 3) - ○*Mitsubishi Chemical Group <4188> increases production of synthetic quartz powder, capacity enhancement at Kyushu plant (Nikkei Industrial page 3)
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.
Japan M&A Center, DIC, ETC (additional) Rating
Target Price Change Code Stock Name Securities Company Previous Change After ----------------------------------------------- <2127> Japan M&A Center Nomura 950 yen 760 yen <4631> DIC Nomura 4000 yen 4300 yen <4634> artience Nomura 4900 yen 4200 yen <7181> Japan Post Insurance Nomura 3600 yen 3700 yen <3405> Kuraray Okasan 2400 yen 3000 yen <4919> Milbon Daiwa 36
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.