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The depreciation of the yen has driven Japan's wholesale inflation to soar in October, adding uncertainty to the central bank's interest rate decision.
Japan's wholesale inflation rate in October accelerated to the fastest level in over a year, mainly due to the depreciation of the yen pushing up the cost of some imported commodities.
In order to resist foreign acquisition, 7-Eleven is going all out! Considering a $58 billion management buyout.
The parent company of 7-Eleven is considering privatizing the company through a management buyout, with the trade expected to reach 9 trillion Japanese yen, potentially becoming the largest management buyout in Japan's history, causing the company's stock price to skyrocket by 17%.
Adjustment of positions in the background of falling Western stocks and rising gold prices.
The Nikkei average continued to decline, closing at 38,721.66 yen, down 654.43 yen (with an estimated volume of 2.3 billion 40 million shares) in trade. Reflecting the decline of major stock indexes in the previous day's European and American markets, selling pressure for position adjustments took precedence. Although there were scenes of the Nikkei average recovering into positive territory immediately after the opening, the rebound trend did not strengthen. In the middle of the morning session, it fell below the milestone of 39,000 yen and breached the 25-day moving average at the same level. After the selling wave subsided, there was also observed a hesitant decline around the 25-day moving average.
Nikkei Average significantly continues to decline, strongly aware of caution towards the upcoming Trump administration.
On the 12th, the US stock market fell. The Dow Jones Industrial Average closed at 43,910.98, down 382.15 points, while the Nasdaq ended trading at 19,281.40, down 17.36 points. With caution near record highs, the market was mixed after the opening. There were no new buying incentives, and profit-taking selling pressure increased due to temporary feelings of achieving high prices, leading to a decline in the market. Throughout the day, wary of the rise in long-term interest rates due to improved economic outlook and speculation of interest rate cuts, the market remained weak. Looking ahead to tomorrow.
Huang Renxun's major announcement! Cooperating with Soft silver to build AI infrastructure in japan
On November 13, Nvidia CEO Huang Renxun announced at the Nvidia Japan Summit that they will partner with SoftBank to build AI infrastructure in Japan, including Japan's largest AI factory.
SoftBank Group's latest quarter investment business shines: selling shares of Alibaba and T-Mobile, Vision Fund profits soar.
①In the second quarter, SoftBank Group's net income attributable to owners reached 1005.3 billion Japanese yen, a significant increase compared to -1408.7 billion Japanese yen in the same period of 2023; ②SoftBank Vision Fund realized investment gains of 128.01 billion Japanese yen and 56.62 billion Japanese yen from selling Alibaba and T-Mobile respectively.