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Japan plans to launch a multi-trillion yen economic stimulus package, with a focus on investing in the chip and AI sectors.
① Japan's Prime Minister Shigeru Ishiba will launch a 21.9 trillion yen economic stimulus plan to address challenges such as inflation and wage growth, with cabinet approval expected on Friday; ② The plan includes support for the continuous growth of wages in japan, investments in the semiconductors and ai sectors, and the restoration of subsidies for henry hub natural gas and electricity starting from January next year.
The Nikkei average continues to decline, with some semiconductor stocks falling due to nvidia's earnings report.
On the 20th, the US stock market was mixed. The dow inc rose by $139.53 to $43,408.47, while the nasdaq declined by 21.33 points to end at $18,966.14. Reports that Ukraine launched British-made long-range missiles into Russian territory raised concerns about persistent geopolitical risks, leading to a decline after the market opened. Federal Reserve Board member Bowman exhibited a hawkish stance, indicating that progress on inflation has stalled, which resulted in continued sell-offs driven by preferences for rising long-term gold rates.
Active and newly listed stocks during the morning session.
* ID & EHD <9161> 5380 yen - The spread continues at the TOB price of 6500 yen by Tokio Marine. * Kosaido HD <7868> 505 +51, expecting demand improvement due to a share buyback. * JCR Pharma <4552> 692 +54, particularly no material but possibly inflow of funds from institutions. * LIFUL <2120> 174 +10, a sense of value but no particular materials observed. * Mitsuura Industry <6584> 797 +41, for datacenter water.
The Nikkei average fell, and the index made small movements while waiting for nvidia's earnings report.
On the 19th, the US stock market had mixed results. The Dow average closed down by 120.66 dollars at 43,268.94 dollars, while the Nasdaq ended up 195.66 points at 18,987.47. Concerns over the worsening situation of the Ukraine-Russia war accelerated selling, leading to a significant drop after the opening. Following the disappointing residential construction numbers, growth concerns also emerged, causing the Dow to continue its decline and remain weak throughout the day. Meanwhile, the Nasdaq turned upward due to expectations for the semiconductor nvidia's financial results and a decline in long-term interest rates, expanding its gains towards the end.
Express News | Japan stock market closing: The nikkei 225 index fell by 0.16%, Tokio Marine Holdings dropped by nearly 7%, while Tokyo Gas surged by nearly 13%.
Strong exports to China drove Japan's overall exports in October to exceed expectations by more than 3%.
Led by the growth in shipments of chip manufacturing equipment and medical supplies; Japan's exports to China and other Asian countries increased, while exports to the United States and Europe declined.