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Starting with the Nikkei average rising by 84 yen, year-to-date high prices, trading interlacing

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moomooニュース日本株 wrote a column · Nov 26, 2023 18:10
Starting with the Nikkei average rising by 84 yen, year-to-date high prices, trading interlacing
Good morning to all Moomoo users!Here's an overview of this morning's turnaround. Thank you in advance.

Market Overview
Today's Nikkei Stock Average started at 33710.03 yen, 84.50 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) was 4.37 points higher than the previous business day at 2395.31.
Starting with the Nikkei average rising by 84 yen, year-to-date high prices, trading interlacing
Top news
The yen is in the middle of the 149 yen range, and the dollar falls due to US PMI employment contraction - cross yen is also being sold in yen
The yen exchange rate of the Tokyo Foreign Exchange Market on the 27th was in the middle of the 1 dollar = 149 yen range, and it has remained flat since the Tokyo market the previous weekend. The dollar fell as the employment index of the US General Purchasing Managers Index (PMI) statistics announced on the 24th began to shrink.

Farewell to the “Deferred Economy” Prices and Wages, Decisions Over 30 Years
The appearance of a “normal economy” where prices and wages are rising has come into view. People, goods, and money stagnated in Japan's deflationary society, where prices had been frozen for 30 years, and the shrinking equilibrium affected people's lives. Can we break away from the entrenched awareness of deferred assumptions and draw a virtuous cycle of moderate inflation and growth?

There is room for increase in Toyota's net profit, and the biggest gap with market expectations is 260 billion yen
When comparing market forecasts and company plans for the current fiscal year (fiscal year ending 2024/3) based on consolidated net profit, what was the biggest positive turnover $Toyota Motor(7203.JP)$Then, it became known that there are strong expectations for upward performance. In addition to strong sales, there is a view in the background that the benefits of the depreciation of the yen are significant.

Nissan to cut models by 60%, Mitsubishi to reduce gasoline engines
$Nissan Motor(7201.JP)$From 2028 onwards, the number of engine models installed in new car development will be reduced by 60%. Narrow it down to light vehicles and hybrid vehicles (HVs), and virtually stop developing new gasoline engines. In the Japanese team $Mitsubishi Motors(7211.JP)$Development of gasoline cars was completed by 30, and European players have announced their withdrawal one after another.

Zensho HD - Sales Signs Public Offering, Capital Increase, 5.218,000 Shares, Raise 50 billion yen
$Zensho Holdings(7550.JP)$There is a selling trend. The company announced on the 24th that it will conduct a public offering of 5,218,000 shares and an overallotment with an upper limit of 782,000 shares.
ー MooMoo News Evelyn
Distribution source: Nihon Keizai Shimbun, Bloomberg, Traders Web
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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