Tokyo Market Open: Nikkei Average Rebounds Sharply; Wire and Cable Stocks Like Sumitomo Electric Soar; Kioxia Up 8%; Buying in Advantest Semiconductor, Oil Price Drop Triggers Buybacks; SoftBank G Surges on PayPay US IPO; Nintendo Rebounds; Crude Oil Plummets
![Good morning, moomoo users![Rose]Here is a summary of this morning's opening. Thank you for your attention. Market Overview The Nikkei average on the 10th opened sharply higher, rising to 54,018.39 yen, up 1,289.67 yen from the previous day as of 9:03 AM. A sharp drop in U.S. benchmark crude WTI to around $81 per barrel following U.S. President Donald Trump's statement that 'the war is almost over' has acted as a tailwind, prompting buybacks across a wide range of stocks. Amid concerns that prolonged high oil prices could lead to an economic recession, the stock market continues to be swayed by daily movements in crude oil prices. A related official at a Japanese bank commented, 'Given the global economy is showing signs of slowdown, there would be no fundamental reason for oil prices to rise if supply remains intact. If President Trump's statement holds true, yesterday’s dip might have marked a bottom for the Nikkei average.' However, some point out that 'the situation in the Middle East remains uncertain, and volatility will likely persist for the time being' (mid-sized securities firm). Today...](https://sgsnsimg.moomoo.com/sns_client_feed/181569713/20260310/web-1773101312869-x8NYQ2WoTB.webp/big?area=105&is_public=true&imageMogr2/ignore-error/1/format/webp)
Good morning, moomoo users!
Here is a summary of this morning's opening. Thank you for your attention.
Here is a summary of this morning's opening. Thank you for your attention.Market Overview
The Nikkei average on the 10th opened sharply higher, rising to 54,018.39 yen, up 1,289.67 yen from the previous day as of 9:03 AM. A sharp drop in U.S. benchmark crude WTI to around $81 per barrel following U.S. President Donald Trump's statement that 'the war is almost over' has acted as a tailwind, prompting buybacks across a wide range of stocks.
Amid concerns that prolonged high oil prices could lead to an economic recession, the stock market continues to be swayed by daily movements in crude oil prices. A related official at a Japanese bank commented, 'Given the global economy is showing signs of slowdown, there would be no fundamental reason for oil prices to rise if supply remains intact. If President Trump's statement holds true, yesterday’s dip might have marked a bottom for the Nikkei average.' However, some point out that 'the situation in the Middle East remains uncertain, and volatility will likely persist for the time being' (mid-sized securities firm).
Today, buying aimed at a technical rebound is believed to have entered the market following the Nikkei average's nearly 3,000-yen drop the previous day. 'If no new negative factors emerge, the Nikkei average may rise to around the mid-54,000-yen level today,' said the same Japanese banking official. (9:03 AM)
![Good morning, moomoo users![Rose]Here is a summary of this morning's opening. Thank you for your attention. Market Overview The Nikkei average on the 10th opened sharply higher, rising to 54,018.39 yen, up 1,289.67 yen from the previous day as of 9:03 AM. A sharp drop in U.S. benchmark crude WTI to around $81 per barrel following U.S. President Donald Trump's statement that 'the war is almost over' has acted as a tailwind, prompting buybacks across a wide range of stocks. Amid concerns that prolonged high oil prices could lead to an economic recession, the stock market continues to be swayed by daily movements in crude oil prices. A related official at a Japanese bank commented, 'Given the global economy is showing signs of slowdown, there would be no fundamental reason for oil prices to rise if supply remains intact. If President Trump's statement holds true, yesterday’s dip might have marked a bottom for the Nikkei average.' However, some point out that 'the situation in the Middle East remains uncertain, and volatility will likely persist for the time being' (mid-sized securities firm). Today...](https://sgsnsimg.moomoo.com/sns_client_feed/181569713/20260310/web-1773103344533-aerEDnZ5cZ.png/big?area=105&is_public=true&imageMogr2/ignore-error/1/format/webp)
![Good morning, moomoo users![Rose]Here is a summary of this morning's opening. Thank you for your attention. Market Overview The Nikkei average on the 10th opened sharply higher, rising to 54,018.39 yen, up 1,289.67 yen from the previous day as of 9:03 AM. A sharp drop in U.S. benchmark crude WTI to around $81 per barrel following U.S. President Donald Trump's statement that 'the war is almost over' has acted as a tailwind, prompting buybacks across a wide range of stocks. Amid concerns that prolonged high oil prices could lead to an economic recession, the stock market continues to be swayed by daily movements in crude oil prices. A related official at a Japanese bank commented, 'Given the global economy is showing signs of slowdown, there would be no fundamental reason for oil prices to rise if supply remains intact. If President Trump's statement holds true, yesterday’s dip might have marked a bottom for the Nikkei average.' However, some point out that 'the situation in the Middle East remains uncertain, and volatility will likely persist for the time being' (mid-sized securities firm). Today...](https://sgsnsimg.moomoo.com/sns_client_feed/181569713/20260310/web-1773103354610-Rab92QyzRL.png/big?area=105&is_public=true&imageMogr2/ignore-error/1/format/webp)
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[Indicator] Revised Real GDP for Oct-Dec Period (Annualized Quarter-on-Quarter) +1.3%, Forecast +1.0%, among others
[Indicator] Revised Real GDP for Oct-Dec Period (Annualized Quarter-on-Quarter) +1.3%, Forecast +1.0%, among others
Revised Real GDP for Oct-Dec Period (Quarter-on-Quarter) +0.3%, Forecast +0.3%
February Money Stock M2 (Year-on-Year) +1.7%, Previous +1.6%
*The title and the content displayed above are the results of the economic indicators below.
October-December Real GDP Revised Value (Quarter-on-quarter annualized rate)
[Forecast +1.0%] (Previously announced value +0.2%)
October-December Real GDP Revised Value (Quarter-on-quarter)
[Forecast +0.3%] (Previously announced value +0.1%)
February Money Stock M2 (Year-on-year) [Forecast -] (Previously announced value +1.6%)
Kioxia - Shares rise on positive sentiment as U.S. memory stocks like SanDisk climb; analyst raises price target
$Kioxia Holdings (285A.JP)$ Positive sentiment prevails, with the rise in U.S. memory-related stocks being viewed as a favorable factor.
$Kioxia Holdings (285A.JP)$ Positive sentiment prevails, with the rise in U.S. memory-related stocks being viewed as a favorable factor.
In the U.S. market the previous day, it was reported that an analyst raised the price target for memory-related stocks, causing SanDisk, which jointly operates a plant with the company, to soar more than 11%. Micron Technology also rose over 5%.
This news was well received, prompting buying in the company, a major domestic player in the memory sector. The firm also deals with industrial memory. $Minato Holdings (6862.JP)$ , handles Samsung memory from Korea, among other products $Tomen Devices (2737.JP)$is also high.
NEC shows signs of breaking away from the bottom range with strong support; moves to improve operating profit margin as a core defense-related company are also being positively evaluated ◇
$NEC (6701.JP)$ Although facing resistance at higher levels, it is gradually showing signs of recovery from the bottom. Despite the overall market plummeting on the previous day driven by futures, NEC demonstrated strong downside resilience. The selling pressure on software-related stocks in the U.S. market triggered by Anthropic's new AI model spilled over, causing NEC’s share price to drop sharply after late January. However, after hitting its yearly low near 3,600 yen, the stock has dried up selling pressure and rebounded. Technically, although the 25-day moving average remains downward sloping, the golden cross with the 5-day moving average is approaching, suggesting potential buying opportunities in the near term.
$NEC (6701.JP)$ Although facing resistance at higher levels, it is gradually showing signs of recovery from the bottom. Despite the overall market plummeting on the previous day driven by futures, NEC demonstrated strong downside resilience. The selling pressure on software-related stocks in the U.S. market triggered by Anthropic's new AI model spilled over, causing NEC’s share price to drop sharply after late January. However, after hitting its yearly low near 3,600 yen, the stock has dried up selling pressure and rebounded. Technically, although the 25-day moving average remains downward sloping, the golden cross with the 5-day moving average is approaching, suggesting potential buying opportunities in the near term.
In the meantime, according to the Nikkei, the company reportedly aims for an operating profit margin (adjusted profit margin excluding M&A-related costs) exceeding 10% for the fiscal year ending March 2027, which appears to be providing recent stimulus to the stock price. Additionally, while concerns over the Middle East situation have somewhat eased, the national policy direction towards strengthening defense capabilities remains unchanged, $Mitsubishi Heavy Industries (7011.JP)$ and NEC, forming a duopoly with the Ministry of Defense in terms of transaction volume, continues to draw high attention from overseas investors” (according to a strategist at a mid-tier securities firm).
Advantest - bullish sentiment as crude oil prices plummet, providing relief; buying interest returns to semiconductors and electric wires
$Advantest (6857.JP)$ is seeing buying interest. The drop in crude oil prices is being well received.
$Advantest (6857.JP)$ is seeing buying interest. The drop in crude oil prices is being well received.
U.S. President Donald Trump stated that the war with Iran is almost settled, causing WTI crude oil futures (April contract) to plummet to the $80 range outside regular trading hours, while the Nikkei Average futures surged nearly 2,000 points overnight. As concerns about prolonged war-driven elevated crude oil prices receded, semiconductor-related stocks sold off the previous day are seeing buybacks.
$Tokyo Electron (8035.JP)$ 、 $Disco (6146.JP)$ 、 $Lasertec (6920.JP)$In addition,$Fujikura (5803.JP)$ 、 $Furukawa Electric (5801.JP)$ Wire-related stocks such as Fujikura are also starting with buying interest.
SoftBank G - Sharp Rebound: PayPay’s US IPO Said to Have Demand Several Times Above Offering Size
$SoftBank Group (9984.JP)$ showed a significant rebound. At 3:15 AM on the 10th, Bloomberg reported that PayPay, under SoftBank Group, has garnered institutional investor demand several times over the planned initial public offering (IPO) in the U.S. market.
$SoftBank Group (9984.JP)$ showed a significant rebound. At 3:15 AM on the 10th, Bloomberg reported that PayPay, under SoftBank Group, has garnered institutional investor demand several times over the planned initial public offering (IPO) in the U.S. market.
according to sources familiar with the matter. The retail investor tranche consisting of 8.65 million American Depositary Receipts (ADRs) appears to be oversubscribed. PayPay plans to close the order book at 4 PM Eastern Time on the 10th (5 AM Japan time on the 11th), with the IPO price expected to be finalized after trading ends on the 11th.
Nintendo - Sharp Rebound, Offering Price Set at 8,347 Yen, Discount Rate 3.01%
$Nintendo (7974.JP)$ A sharp rebound occurred. The company announced on the 9th that the selling price of its shares was set at 8,347 yen. The discount rate to the closing price of 8,606 yen on the 9th is 3.01%. The final price was determined near the upper limit of the indicative range. The settlement date will be March 16.
$Nintendo (7974.JP)$ A sharp rebound occurred. The company announced on the 9th that the selling price of its shares was set at 8,347 yen. The discount rate to the closing price of 8,606 yen on the 9th is 3.01%. The final price was determined near the upper limit of the indicative range. The settlement date will be March 16.
Moreover, the stock price is seeing buying pressure prevailing due to a solid market tone.
INPEX - Selling pressure emerges as NY crude oil plunges in after-hours trading following U.S. President Donald Trump’s comments, dropping into the $80 range.
$Inpex (1605.JP)$ Selling pressure observed as the decline in crude oil prices is being viewed as a key factor.
$Inpex (1605.JP)$ Selling pressure observed as the decline in crude oil prices is being viewed as a key factor.
WTI crude oil futures (April contract), which had surged close to $120 earlier amid the election of an anti-American conservative hardliner as Iran's supreme leader, fell into the $80 range in after-hours trading after U.S. President Donald Trump stated early morning on March 10 Japan time that 'the war with Iran is almost settled.'
Following this trend, selling pressure also emerged among domestic crude oil-related stocks. $Japan Petroleum Exploration (1662.JP)$It's also cheap.
<Special Quotes> Kioxia, Fujikura, and Nikkei Leveraged are experiencing strong buying interest.
In addition,$Fujikura (5803.JP)$や$Hitachi (6501.JP)$ 、 $Disco (6146.JP)$ 、 $Furukawa Electric (5801.JP)$ This stock is also moving to a special buying quote.
On the other hand, $NEXT FUNDS Nikkei 225 Double Inverse Index Exchange Traded Fund (1357.JP)$ In a reversal, today it received top sell orders totaling 6.48 billion yen (with buy orders at 0.68 billion yen), lowering the special selling quote. $SIMPLEX VIX Short-Term Futures ETF (318A.JP)$There are also significantly more sell orders than buy orders, raising the possibility that it could be sold down to its daily limit in a bearish streak.
In addition,$Japan Petroleum Exploration (1662.JP)$や$Inpex (1605.JP)$ 、 $Sansan (4443.JP)$ 、 $Rakus (3923.JP)$ This stock is also shifting to a special selling quote.
As of 9:03:35 AM on March 10, special buying interest is overwhelming with 212 issues showing strong demand, while only 25 issues show special selling interest, leading to a flood of buy orders.
Following a sharp drop the previous day, $Kioxia Holdings (285A.JP)$ In a reversal, today it garnered top buy orders amounting to 23.7 billion yen (with sell orders at 9.2 billion yen), lifting the special buying quote. $NEXT FUNDS Nikkei 225 Leveraged Index Exchange Traded Fund (1570.JP)$や$JX Advanced Metals (5016.JP)$ 、 $Lasertec (6920.JP)$ There are also substantially more buy than sell orders, raising the possibility that the stock could be bought up to its upper limit price.In addition,$Fujikura (5803.JP)$や$Hitachi (6501.JP)$ 、 $Disco (6146.JP)$ 、 $Furukawa Electric (5801.JP)$ This stock is also moving to a special buying quote.
On the other hand, $NEXT FUNDS Nikkei 225 Double Inverse Index Exchange Traded Fund (1357.JP)$ In a reversal, today it received top sell orders totaling 6.48 billion yen (with buy orders at 0.68 billion yen), lowering the special selling quote. $SIMPLEX VIX Short-Term Futures ETF (318A.JP)$There are also significantly more sell orders than buy orders, raising the possibility that it could be sold down to its daily limit in a bearish streak.
In addition,$Japan Petroleum Exploration (1662.JP)$や$Inpex (1605.JP)$ 、 $Sansan (4443.JP)$ 、 $Rakus (3923.JP)$ This stock is also shifting to a special selling quote.
![Good morning, moomoo users![Rose]Here is a summary of this morning's opening. Thank you for your attention. Market Overview The Nikkei average on the 10th opened sharply higher, rising to 54,018.39 yen, up 1,289.67 yen from the previous day as of 9:03 AM. A sharp drop in U.S. benchmark crude WTI to around $81 per barrel following U.S. President Donald Trump's statement that 'the war is almost over' has acted as a tailwind, prompting buybacks across a wide range of stocks. Amid concerns that prolonged high oil prices could lead to an economic recession, the stock market continues to be swayed by daily movements in crude oil prices. A related official at a Japanese bank commented, 'Given the global economy is showing signs of slowdown, there would be no fundamental reason for oil prices to rise if supply remains intact. If President Trump's statement holds true, yesterday’s dip might have marked a bottom for the Nikkei average.' However, some point out that 'the situation in the Middle East remains uncertain, and volatility will likely persist for the time being' (mid-sized securities firm). Today...](https://sgsnsimg.moomoo.com/sns_client_feed/181569713/20260310/web-1773102745167-mAzGLfqmgM.png/big?area=105&is_public=true&imageMogr2/ignore-error/1/format/webp)
Source: MINKABU, Trader's Web, Fisco, Stock Newspaper, Jiji Press
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