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Profit-taking dominance is prevalent as the Trump trade continues with the price nearing 0.04 million yen.
The Nikkei average fell. It closed at 39,381.41 yen, down 99.26 yen (volume approximately 2.750 billion shares traded). In the U.S. market on the 6th, former President Trump of the Republican Party won the presidential election held on the 5th, and the Republican Party gained a majority in the Senate in the federal congressional elections. Expectations are rising for Trump to proceed with tax cuts and deregulation promised in his campaign, leading all major stock indices to reach record highs together. Following this trend, the Tokyo market started with buying ahead, and the Nikkei average stock price opened lower.
The Nikkei average fell for the first time in three days, with a reaction to the significant previous day's high leading the way.
On the 6th, the US stock market significantly extended gains. The Dow Jones Industrial Average ended trading at 43,729.93, up 1,508.05 points, while the Nasdaq closed at 18,983.46, up 544.29 points. The market was buoyed by the clarity following the presidential election, leading to significant gains after the opening bell. Buy sentiment accelerated due to expectations for pro-business policies of the second Trump administration, such as deregulation leading to increased corporate profits, resulting in a strong performance throughout the day. Optimistic views on the economy, as well as expectations for the Federal Reserve Board's Federal Open Market Committee, also contributed to the positive trend.
If Trump takes office, it may stimulate the Bank of Japan to raise interest rates early, as long as the exchange rates fall to the 160 threshold.
Trump may be the only catalyst to prompt the Bank of Japan to raise interest rates early.
Reported Earlier, Japan 10-Year JGB Auction 1.00% Vs. 0.871% Prior
The economy is still on the path of recovery, with japan's basic wages posting the largest increase in over 30 years.
The basic wages of Japanese workers have seen the largest increase in over 30 years, supporting the Bank of Japan's view that the economy is still on a path to recovery and providing reasons for potential interest rate hikes in the coming months.
SBI Securities (pre-closing) Toyota Motor being sold more, Disco being bought more
Sell Code Stock Name Trading Value (6146) Disco 47,225,555,880 (7011) Mitsubishi Heavy Industries 30,760,963,992 (6920) Laser Tech 28,041,555,350 (6857) Advantest 25,298,566,835 (7013) IHI 25,080,538,440 (1570) NEXT FUNDS Nikkei Leveraged ETF 2