【Daily Review of Japanese Stocks】Concerns about nvidia hitting the ceiling have emerged! The Nikkei 225 fell more than 400 points at one point, and the yen appreciation added insult to injury.
Tokyo stock market fell on Thursday (November 21st), nvidia, the American chip giant, failed to satisfy investors with its financial report, while the appreciation of the yen added pressure to export companies.
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.
Nikkei May Decline Amid Uncertainty Over Russia-Ukraine War -- Market Talk
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.
Nikkei Falls 0.2%, Dragged by Auto, Insurance Stocks -- Market Talk
The divergence in monetary policies between the European Central Bank and the Bank of Japan has attracted attention, with the market betting on the strengthening of the yen against the euro.
Strategists from Rabobank, Nomura Securities, and SMBC Nikko Securities expect that by the end of next year, the Euro will fall to a low point of 1 Euro to 140-150 Japanese Yen.