Asia-Pacific Markets Trade Mixed, Investors Assess Japan Inflation and Singapore GDP Data
Reported Earlier, Au Jibun Bank Japan Services Purchasing Managers' Index Preliminary For November 50.2 Vs. 49.7 Prior
Reported Earlier, Japan National Core Consumer Price Index (YoY) For October 2.3% Vs. 2.2% Est.; 2.4% Prior
Japan's Headline Inflation Rate Slows to 2.3% in Oct, Core Inflation Also Drops to 2.3% Above Forecast
Amid expectations of interest rate hikes, japan's inflation in October remained higher than the central bank's target.
The Japanese government reported on Friday that consumer prices excluding fresh food rose by 2.3% year-on-year in October, lower than the 2.4% in September. This increase was higher than the market's general expectation of 2.2%. The index, excluding energy costs and fresh food prices, rose by 2.3%, higher than the 2.1% in September.
Express News | Nikkei 225 index rose by 0.32% at the opening of the Japanese stock market, with Canon and Ricoh Holdings both rising by over 1%.
Express News | In Japan, the year-on-year core CPI for October is 2.3%, expected to be 2.2%, and the previous value was 2.4%.
List of Cloud Breakout Stocks [Ichimoku Balance Table, List of Cloud Breakout Stocks]
○ List of stocks breaking through the clouds Market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo main board <1786> Oriental Shiraishi 390 384.75 345 <2301> Gakujo 1747 1746.75 1667.5 <2491> V Commerce 1133 1126.5 1060.5 <2531> Takara Holdings 1228 1221.25 1133 <2533> Oenon Holdings 4274 18395.
Dai Nippon Printing, Honda, etc. [List of stock information from newspapers]
Dai Nippon Printing <7912> aims to mass produce glass substrates by 2027-2028, expanding towards larger sizes for AI applications. Amada <6113> establishes STEM education hub in Isehara, Kanagawa (The Nikkan Kogyo Shimbun, Page 3). Nissan <7201> - 6% of US employees apply for early retirement (The Nikkan Kogyo Shimbun, Page 3). Daito Trust Construction <1878> to train construction managers in Indonesia, plans to open specialized courses in local universities (The Nikkan Kogyo Shimbun, Page 4). Hitachi <6501> - Hitachi Energy acquires series compensation system from Swedish state-owned company.
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.
Asia Markets in Red as Nvidia's Slowing Revenue Growth Worries Investors; Adani Stock Plunges
Nomura outlook for the Japanese stock market: in the first half of next year, a "value stock boom" is expected, as long as the Bank of Japan continues to raise interest rates.
Nomura believes that the strong performance of value stocks over the past four years is closely related to the monetary policy of the japan central bank. As long as the pace of interest rate hikes continues, value stocks will remain a focal point. In the first half of next year, export-oriented value stocks may see a rebound.
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%.
Japan Exports Rise More Than Expected in October; Imports Also Unexpectedly Rise
Reported Earlier, Japan Exports (YoY) For October 3.1% Vs. 2.2% Est.; -1.7% Prior
Reported Earlier, Japan Adjusted Trade Balance -0.36T Vs. -0.15T Est.; -0.27T (Revised) Prior
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.
The Nikkei Average fell, with Tokyo Electric pushing down about 23 yen per share as one stock.
The number of rising stocks of Nikkei average constituent stocks at the closing of 20 days ago was 68 stocks rising, 156 stocks falling, and 1 stock unchanged. The Nikkei average fell for the first time in 7 days, closing the morning session at 32,870.00 yen (volume approximately 0.658.53 million shares) down 69.18 yen. The Nikkei average fell, closing the morning session at 38,242.35 yen (volume approximately 0.830 million shares) down 172.08 yen (-0.45%) from the previous day. The US stock market on the 19th was mixed. The Dow Jones Industrial Average was 120 points.
Tokio Marine and others continue to rank, and the financial estimates excluding policy stock sale profits have been downgraded.
Tokyo Marine <8766> has ranked in (as of 10:32 AM). There has been a significant drop. The previous day, the company announced its mid-year financial results, with a net profit of 688.5 billion yen, which is 3.4 times more than the same period last year. The full-year financial estimates have been revised upward from the previous 870 billion yen to 880 billion yen, a 26.5% increase year-on-year. However, it seems that excluding the gains from the sale of policy shares, the profit is expected to decrease by 82 billion yen from the initial estimate to 528 billion yen, which is seen as a selling point. The announcement of the share buyback is also lacking in surprises.
Rating [security companies rating]
Upgraded - bullish code stock name brokerage firm Previous After-----------------------------------------------------------------<7839> SHOEISMBC Nikko "2" "1" <4208> UBE Daiwa "3" "2" <4004> Resonac HD Iwai Cosmos "B+" "A" <4886> Asuka Pharmaceutical HD Toyo "Hold" "Buy" <4967> Kobayashi Pharmaceutical Jefferies "Underperform" "