With the rise in US stocks, it briefly approaches the 38,000 yen mark.
The Nikkei Average continued to rise significantly, closing at 37,723.91 yen, up 568.58 yen (+2.3 billion 50 million shares traded). The market started with buying leading the way, following the rise in the US market led by tech stocks the previous day. Also, the expectation of a soft landing for the US economy lifted investor sentiment, pushing the Nikkei Average to 37,974.72 yen by the end of the morning session, with a scene approaching 38,000 yen. Afterwards, the statement made by BOJ Governor Haruhiko Kuroda in his press conference was confirmed.
The Bank of Japan remains unchanged, providing assistance to the booming global stock market.
The Bank of Japan remains unchanged, indicating that it will not rush to continue tightening monetary policy after the unexpected rate hike in July.
Japan's inflation has risen for four consecutive months in August. The market expects the central bank to hold steady and the suspense of interest rate hikes will be revealed in December.
Hours before the Bank of Japan is about to announce its latest policy decision meeting, Japan's key inflation indicators in August accelerated for the fourth consecutive month.
Express News | The Nikkei 225 index opened 1.5% higher and Sony rose more than 2%.
U.S. stock prices are being adjusted in increments of 1 to 0.5 cents.
The U.S. Securities and Exchange Commission (SEC) is reported to have adopted a rule to reduce the tick size of U.S. listed stocks on the 18th. It seems that the tick size of active stocks will be reduced from the current 1 cent ($0.01) to 0.5 cents, aiming for further improvement in liquidity. <6702> Fujitsu <6501> Hitachi Ltd Sponsored ADR <5576> Orb Inc <1973> NEC Networks & System
List of converted stocks (Part 2) [List of converted stocks for Parabolic Signal]
Buy converted stocks market Code Stock name Closing price SAR Tokyo Prime 4687 TDC Soft 1210 1130 4719 Alpha 2910 2742 4776 CYBOZU 1760 1549 4927 Pola Or HD 1451 1392 4985 Earth Pharmaceuticals
List of stock split and new share issuance [List of stock split and new share issuance]
Split ex-date Stock name Split record date Effective date Ratio Code 24/09/27 Softbank 24/09/30 24/10/01 10 <9434> 24/09/27 Hokkaido Gas 24/09/30 24/10/01 5 <9534>
Hitachi Construction Machinery, Dai Nippon Printing, etc. [List of stock information from the newspaper]
*Hitachi Construction Machinery <6305> expands production of super large excavators in Indonesia, strong demand for mining (Nikkan Kogyo 1st page) - ○ *Dai Nippon Printing <7912> to establish a larval breeding factory for aquaculture feed by fiscal year 28, with an annual production capacity of 1,200 tons of powder (Nikkan Kogyo 1st page) - ○ *Seiko Epson <6724> to acquire US-based Firefly, expanding digital printing (Nikkan Kogyo 3rd page) - ○ *Orix <8591> signs a power purchase agreement with Google in the US, supplying 0.037 million kW (Nikkan Kogyo 3rd page) - ○ *Murata Manufacturing <6981> the world's smallest.
After the FOMC approval, there was a relaxed movement, and the price recovered to 37,000 yen for the first time in two weeks.
The Nikkei average continued to rise significantly, ending the trading day at 37,155.33 yen, up 775.16 yen (volume approximately 1.72 billion shares), recovering the 37,000 yen level for the first time in about two weeks since the 4th. The Federal Open Market Committee (FOMC) decided on a significant 0.5% interest rate cut. After the FOMC decision, the yen temporarily weakened to the 143 yen level against the dollar, leading to buying in a wide range of stocks, particularly export-related stocks. The Nikkei average recovered the milestone of 37,000 yen shortly after the start of trading and rose further towards the end of the morning session.
UBE, Disco, etc. (additional) Rating
Downgrade - bearish code | Stock Name | Securities Company | Previous | Revised | ------|---------------|----------|---------|---------|<7730>|Mani | SMBC Nikko | "1" | "2" |<6758>|Sony Group Corp | Daiwa | "1" | "2" |<8273>|Izumi | Daiwa | "1" |
Rating [security companies rating]
Upgrade - Bullish Code | Stock Name | Securities Company | Previous | After Change | ------ | ------------ | ------------- | -------------- | ----------------- | <7272> | Yamaha Motors | Mito | "B" | "B+" | <7956> | Pigeon | Jefferies | "Underperform" | "Hold" | Downgrade
The global major changes have begun! The stock markets in Japan and South Korea opened high. Which assets are affected by the interest rate cut by the Federal Reserve?
The era of great changes has already begun!
List of Conversion Stocks (Part 1) [List of Parabolic Signal Conversion Stocks]
List of buy converted stocks in the market: Code Stock Name Closing Price SAR Tokyo Prime <1375> Yukiguni Maitake 1014 987<1820> Nishimatsu Construction 5270 5065<2267> Yakult 3114 3060<2305> Studio Alice 2084 2003<2326> Digarts 4
Toho Gas, Nippon Steel, etc. [List of stock information from newspapers]
*Toho Gas <9533>: Aluminum melting and holding with hydrogen combustion, burner development (Nikkan Kogyo 1st page) - ○ *Mitsubishi Corporation <8058>: Demonstration of "future convenience store" with KDDI and Lawson (Nikkan Kogyo 3rd page) - ○ *Nippon Steel <5401>: Security review of US Steel acquisition, US government accepts reapplication after presidential election (Nikkan Kogyo 3rd page) - ○ *Asahi Kasei <3407>: Sells blood purification to Integura for 56.5 billion yen (Nikkan Kogyo 3rd page) - ○ *Nippon Yusen <9101>: OO No Development and Ship Recycling
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.