[Daily Review of Japanese Stocks] A sudden surge of more than 1000 points! Nikkei 225 rebounds sharply, Powell's remarks scared the yen.
On Thursday (September 19th), due to the weakening of the yen against the US dollar, Japanese exporters' stock prices rose, and the Nikkei average index briefly climbed more than 1000 points, closing at the highest level in over two weeks. This was because the market expected that the pace of future interest rate cuts by the Federal Reserve would be lower than expected.
Active and newly established stocks in the afternoon session.
*Sumitomo Chemical <4005> 403.2 +13 Sold a portion of Sumitomo Bake <4203> shares. *Suzumori Kiko <6405> 1820 +97 upward revision of earnings forecast for the first half. *Jellybe <3070> 118 +6 Business partnership with a South Korean company that manages writers. *Mental Health T <9218> 784 +39 Capital business partnership with ValueHR <6078>. *Anges <4563> 78 +30 Gene therapy product 'Colategene' breaks in the US.
After the FOMC approval, there was a relaxed movement, and the price recovered to 37,000 yen for the first time in two weeks.
The Nikkei average continued to rise significantly, ending the trading day at 37,155.33 yen, up 775.16 yen (volume approximately 1.72 billion shares), recovering the 37,000 yen level for the first time in about two weeks since the 4th. The Federal Open Market Committee (FOMC) decided on a significant 0.5% interest rate cut. After the FOMC decision, the yen temporarily weakened to the 143 yen level against the dollar, leading to buying in a wide range of stocks, particularly export-related stocks. The Nikkei average recovered the milestone of 37,000 yen shortly after the start of trading and rose further towards the end of the morning session.
The Nikkei average continued to rise significantly, recovering to the 37,000 yen range for the first time since September 4th, supported by the depreciation of the yen.
On the 18th, the USA market declined. The Dow Jones Industrial Average closed at 41,503.10, down 103.08 points (-0.25%), Nasdaq closed at 17,573.30, down 54.76 points (-0.31%), and S&P 500 closed at 5,618.26, down 16.32 points (-0.29%). Following the Federal Open Market Committee (FOMC) results, the market was mixed. After the Federal Reserve Board (FRB) announced a 0.5% interest rate cut at the FOMC meeting for the first time in 4 years, there was a temporary significant increase.
Nikkei Rises 2.1%, Boosted by Yen's Weakness -- Market Talk
Gyokuyo reaches new highs [new high and low stock update]
The new high update stocks on the TOPIX Prime are Gyokuyo <1301> and Sumitomo Forestry <1911> with 58 stocks. The new low update stock on the TOPIX Prime is Aicom <6820> with 1 stock. "TOPIX Prime", "Tokyo Stock Exchange Standard", "Tokyo Stock Exchange Growth" New high, new low, new high, new low, new high, new low 09/19 58 1 32 6 16 09/18 39 1 25 8 12