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With FOMC looming, there was volatile movement throughout, but it managed to hold at 36,000 yen by the close.
The Nikkei average posted a significant decline. It ended the trading at 36,203.22 yen, down 378.54 yen (trading volume approximately 1.870 million shares). Although the Nikkei average started with a rebound in the morning due to the new record high of the NY Dow in the U.S. market on the 16th, it softened after reaching the high of 36,663.18 yen. Against the background of the anticipation of a substantial interest rate cut in the U.S., the yen exchange rate temporarily reached the 139 yen level against the dollar during the three-day weekend, the highest level in about a year and two months. As a result, concerns about the performance of export companies gradually heightened, leading to the Nikkei average.
The Nikkei Average continued to sharply decline, with the decline in financial stocks due to the strengthening of the yen and the decrease in interest rates.
On the 16th, the U.S. stock market was mixed. The Dow Jones Industrial Average closed at 41,622.08, up 228.30 points (+0.55%), the Nasdaq closed at 17,592.13, down 91.85 points (-0.52%), and the S&P 500 closed at 5,633.09, up 7.07 points (+0.13%). Ahead of the upcoming Federal Open Market Committee (FOMC) meeting this week, there was a cautious stance and the market was mixed after the opening. The September New York Fed Manufacturing Business Index recovered to expansion territory for the first time in about a year, indicating a positive manufacturing sector.
Companies such as Otsuka Holdings and Seiko House (additional) Rating
Upgrade - Bullish Code | Stock Name | Brokerage | Previous | After Change | ------|-- ------ |------------- |-------------- |-------------- | ＜2371＞ | Kakaku.com | SMBC Nikko | "3" | "2" | ＜4927＞ | Pola Orbis HD | Morgan S | "Under W" | "Equal"
Bridgestone Corporation, Yamaha Motor, and others
*Bridgestone <5108> plans to increase production of high-added-value tires in China, targeting new energy vehicles (Nikkan Kogyo front page) - *Tadano <6395> acquires Manitex in the United States, expands product lineup in North America (Nikkan Kogyo page 3) - *Sumitomo Corporation <8053> invests 100 billion yen in renewable energy in India, develops through local joint venture (Nikkan Kogyo page 4) - *Mitsubishi Heavy Industries <7011> postpones H2A launch after the 19th (Nikkan Kogyo page 4) - *E-JHD <2153> acquires Orix Group, geotechnical investigation, for 7.6 billion yen (Nik...
Determine the firmness around 36,500 yen.
[Stock Opening Comment] The Japanese stock market on the 17th is likely to have a market trend that is difficult to grasp before the Federal Open Market Committee (FOMC). On the 16th, the US market saw the NY Dow rise by 228 points and the Nasdaq drop by 91 points. The New York Fed's manufacturing economic index for September expanded for the first time in about a year, and the NY Dow reached a new high in anticipation of a soft landing. The settlement price for Chicago Nikkei 225 futures was 36,435 yen, up 145 yen from Osaka. The exchange rate is 140 yen per dollar.
China aims for the top with AI self-driving cars
[Self-driving Cars] Competition is intensifying among emerging companies such as Xpeng and leading tech giants like Huawei over the driver assistance software that is becoming a step towards full self-driving cars in China. China has surpassed other countries in the field of electric automobiles (EVs), and now it is reported that China is trying to repeat this achievement in the field of self-driving cars. <7203> Toyota Motor, <6902> Denso, <3663> Cell Cysco, <3906>