DBJP240920P62000
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Dbx Etf Tr X-Trackers Japan Hedged Equity Fund Newsroom
Emerging market investors uneasy? Fed rate cuts could cause yen appreciation.
The Fed's possible interest rate cut this week may lead to a strengthening of the Japanese yen, which could unsettle emerging market investors and bring back memories of the global turmoil in August.
The yen's slight rebound led to a slight buying back movement.
The Nikkei Average rebounded and closed at 36,380.17 yen, up 176.95 yen (+1.5 billion 30 million shares of volume traded). With the yen's strength easing during the U.S. market hours the previous day, the Tokyo market opened with buying focused on automobile and technology stocks leading to a rebound in the Nikkei Average. However, shortly after the start of trading, it rose to 36,675.07 yen, but then the subsequent results of the Federal Open Market Committee (FOMC) and the press conference by Federal Reserve Board (FRB) Chairman Powell were analyzed.
Kumagai Construction, Loctite, etc. (additional) Rating
Upgrade - bullish code | Stock name | Securities company | Before Change | After Change | ------ | ------------- | ---------- | -------------- | -------------- | <3289> | Tokyu Fudosan HD | Daiwa | "3" | "1" | <7181> | Kanpo | JPM | "Underweight" | "Neutral" | <8795>
Koito Manufacturing, Mitsubishi UFJ, etc.
*Nippon Yakin <6474> introduces a new hydraulic unit, reducing power consumption by up to 74% (Nikkan Kogyo page 1) - ○ *Komatsu Seisakusho <7276> increases production of automobile lamps, investing 33 billion yen in Mexico and Brazil in 5 years (Nikkan Kogyo page 3) - ○ *Mitsubishi UFJ <8306> invests in Sakana AI, becoming the largest domestic investor (Nikkan Kogyo page 3) - ○ *Mitsubishi Heavy <7011>, concerns about the impact on Japan's aviation industry as Boeing goes on strike (Nikkan Kogyo page 4) - ○ *Kobayashi Pharmaceutical <4967> measures to prevent a recurrence of health damage,
Nishimatsu Construction, Sumitomo Mitsui Construction, etc.
<1820> Nishimatsu Construction Co., Ltd. Itochu Corporation Shareholding Ratio 13.53% -> 14.55% Date of Obligation to Report: 2024/09/09 <1821> Mitsui Sumitomo Construction Co., Ltd. Minami Aoyama Real Estate Co., Ltd. Shareholding Ratio 13.80% -> 14.89% Date of Obligation to Report: 2024/09/09 <2134> Kitahama Capital Partners Co., Ltd. SUN ORGANIC FARM Co., Ltd. Shareholding Ratio 71.41%
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.
Active and newly listed stocks during the morning session.
* Mitsubishi Solutions <7033> 1530 +300 Evaluation of good results in the third quarter and share buybacks. * Eternal Hospitality Group <3193> 3640 +550 Favorable evaluation of good results and significant increase in dividends announced. * Pored Partners <7034> 586 +70 Expectation for narrowing the operating loss with upward revision of performance. * Open Group <6572> 210 +11 There is no particular material, but there is also awareness of the 200 yen level milestone. * Nippon Yusen <9101> 4860
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>
How do you view the recent "hawkish" stance of the Bank of Japan executives? Goldman Sachs: The next interest rate hike may still have to wait until January next year.
Goldman Sachs believes that when evaluating the timing of interest rate hikes, it is important to consider financial market stability and inflation trends. The bank predicts that January next year will be the best time to determine whether Japan's inflation will rebound, and based on this, determine that Japan will raise interest rates in January. However, if there is significant turmoil in the financial markets, the timing of the rate hike may become uncertain.
The selling pressure from the high yen and selling off before the 3-day weekend is a burden.
The Nikkei Average fell. It ended trading at 36,581.76 yen, down 251.51 yen (with an estimated volume of approximately 1.73 billion shares). Buying started ahead of the market based on the rise in major stock indexes in the U.S. market the previous day, and the Nikkei Average rose to 36,887.40 yen immediately after the start of trading. However, the buying did not continue and the yen strengthened, with the exchange rate at 1 dollar = 140 yen, causing selling to increase in export-related stocks, and the Nikkei Average fell to 36,441.34 yen shortly after the start of afternoon trading.
The Nikkei average fell, as the yen strengthened, but there is a cautious stance ahead of the three-day weekend.
On the 12th, the US stock market continued to rise. The Dow Jones Industrial Average closed at 41,096.77, up 235.06 points (+0.58%), the Nasdaq rose 174.15 points (+1.00%) to 17,569.68, and the S&P 500 rose 41.63 points (+0.75%) to 5,595.76. The August Producer Price Index (PPI) exceeded expectations, but the outlook for continued interest rate cuts remains unchanged. Semiconductor stocks such as Nvidia were strong and rose after the opening. At the same time, there was a gradual easing trend.
Express News | Nikkei 225 index fell by 0.68%, Toyota Motor fell more than 2%.
Migaro HD -- The group's Omnisience and Sea Bee Lab have received orders for projects from Nisshin Hitachi Systems Solutions.
Migaro Holdings <5535> announced on the 6th that its group companies, C.B. Lab and Omni Sciences, have won a project from Nippon Steel Hitachi System Solutions through the synergy effect of their business. Omni Sciences supports companies' DX in various industries such as finance, medical, and pharmaceutical fields, through system development, operation and maintenance, and function addition. C.B. Lab provides IT infrastructure services, from cloud deployment design to construction, monitoring, operation, and even system
Daihen, Ricoh, etc. [List of stock-related materials from newspapers]
*Daihatsu <6622> strategically integrates five models of semi-automatic welding machines, and integrates functions (Nikkan Kogyo 1st page) - ○ *Shintō Kōgyō <6339> explores sales channels for 3D printers and provides components to NASA (Nikkan Kogyo 1st page) - ○ *Ricoh <7752> reduces 2000 people domestically and internationally, improves profitability, and switches to digital services (Nikkan Kogyo 3rd page) - ○ *Kansai Electric Power <9503> Large-capacity DC in Kyoto, scheduled to start operation in fiscal year 2027 (Nikkan Kogyo 3rd page) - ○ *NTT <9432> NTT Communications, NVIDIA's
It is easy for buying to come in with the aim of waiting for a pullback before the 3-day weekend.
[Stock Opening Comments] On the 13th, the Japanese stock market is likely to determine the firmness after a round of buying. The August US Wholesale Price Index (PPI) rose by 0.2% compared to the previous month, exceeding the market estimate (0.1% increase). The European Central Bank (ECB) policy committee announced the expected consecutive reduction in policy interest rates over 2 meetings. The Federal Reserve (FRB) is expected to cut interest rates by 0.25% at the next meeting of the Federal Open Market Committee (FOMC) next week, in line with the ongoing pace.
List of stocks with cleared clouds (Part 2) [Ichimoku Kinko Hyo: List of Stocks with Cleared Clouds]
○List of breakaway stocks in the cloud market Code Name Closing price Leading Span A Leading Span B Tokyo Stock Exchange prime board ＜6459＞ Yamato Reiki 1466 1426.75 1437＜6504＞ Fuji Electric 7929 7601.25 7849＜6539＞ MS-Japan 1002 979.75 989＜6699＞ Da