Tokyo Market Summary: Exchange traders preparing for the Nikkei average depreciation of 761 yen 1 dollar = 160 yen, don't mind intervention risks

Top news
AI boom, excessive load on global power grids - Blackstone CEO
Steven Schwartzman (CEO) of the US investment company Blackstone pointed out that as construction of data centers progresses due to the artificial intelligence (AI) boom, there is a risk that an excessive load will be placed on the industrial power grid. At the Asia-Pacific Financial Innovation Symposium held in Melbourne on the 16th, he pointed out that there is a rush to build data centers that serve as AI infrastructure. “The amount of money being invested in this area is astonishing. This is a phenomenon that is happening all over the world right now,” he said through a webcast.
RELATED ARTICLES
OpenAI makes Japanese processing 3 times faster a threat to domestic AI

Exchange traders preparing for 1 dollar = 160 yen, don't mind the risk of intervention
The sharp fall in the yen exchange rate has spurred traders' predictions of yen depreciation even as the threat of intervention by the Japanese currency authorities looms. The private banking division of JPMorgan Chase and Bank of America believe that 160 yen may be the next milestone for the yen, which is already at a low level for the first time in 34 years against the dollar. T. Lowe Price points out the risk that the yen will fall to around 170 yen, which is the depreciation level of the yen since the 1980s. Daisaku Ueno, chief exchange strategist at Mitsubishi UFJ Morgan Stanley Securities, believes that if the depreciation of the yen progresses beyond 155 yen, there is a high possibility that the authorities will intervene with yen buying. Meanwhile, it is predicted that “without intervention, there is a possibility that yen will fall to 160 yen 20 yen, which is the level of April 1990.”
RELATED ARTICLES
The cost of betting on a further appreciation of the US dollar is at a high level for the first time in 5 months - options market
There is also a view that “keep a close eye” on exchange and that it is difficult for the finance minister to intervene before G20

Nikkei average depreciates 900 yen at one point retail settlement “unsatisfactory”
The Nikkei Stock Average continued to drop drastically, and the decline exceeded 900 yen at one point. The decline was noticeable in retail stocks that announced financial results and downward revisions to earnings the day before. Retail stocks have been on an upward trend since the beginning of the year 2024 against the backdrop of strong demand for inbound (foreign visitors to Japan) and expectations for recovery in domestic consumption due to wage increases, but since they came here, the direction of the wind changed due to the unending depreciation of the yen and anxiety about high resources.

KIOXIA to be listed within 24 years due to recovery in semiconductor market conditions
KIOXIA HOLDINGS (formerly Toshiba Memory), a major semiconductor memory company, has solidified a policy to resume listing procedures. We aim to be listed on the Tokyo Stock Exchange as early as 2024. Demand for semiconductor memory continues to increase due to the penetration of artificial intelligence (AI), and we are preparing for active investment by raising funds from the market.
RELATED ARTICLES
KIOXIA's listing on the Tokyo Stock Exchange is the fastest in October, priority over integration negotiations with WD - stakeholders

High price range for the first time in 3 years and 3 months due to soaring money inflows to late banks
New York futures (central month), which is an indicator of the international price of silver, have risen to a high price range for the first time in about 3 years and 3 months. In response to the rise in gold prices, the inflow of money into silver, which is cheaper than gold, has accelerated. Expectations for economic recovery in China, which is a major consumer country for industrial use, are also boosting prices.
RELATED ARTICLES
The retail price of domestic gold exceeds the highest milestone of 13,000 yen

Notable stocks
Nissan Uses Gigacast to Produce Next-Generation EVs - Aims to Reduce Costs by 30%
$Nissan Motor(7201.JP)$On the 16th, plans were revealed to introduce “gigacast” technology, which collectively molds car body parts etc. with aluminum alloys, in the production of next-generation electric vehicles (EVs).

Nidec saw a sharp rise in production capacity for water cooling modules for AI servers as a surprise
$Nidec(6594.JP)$has skyrocketed, and it has hit a new year-to-date high. After the transaction ended on the 15th, it was announced that production lines would be strengthened at the Thai base that produces server water cooling modules. It is an American AI server manufacturer $Super Micro Computer(SMCI.US)$In response to adoption, it is planned to produce products jointly developed with the company at the Ayutthaya Plant in Thailand. Buyers were gathered expecting the effect of boosting future performance.

Tokyo Electron - drastic decline, long-term US interest rates rise to 4.6% range, sell to high-tech stocks
$Tokyo Electron(8035.JP)$has continued to decline drastically. The depreciation of high-tech stocks due to rising long-term US interest rates is viewed as material. In the US market on the 15th of the week, long-term interest rates rose to 4.6% in response to strong US retail sales in March. Due in part to the worsening situation in the Middle East, it was sold mainly in high-tech stocks due to risk avoidance. Domestic semiconductor stocks are also being sold in response to this trend, $Advantest(6857.JP)$、 $Lasertec(6920.JP)$、 $Nomura Micro Science(6254.JP)$etc. are also cheap.

Dai Nippon Printing recorded special profit for the current fiscal year due to sale of 58.6 billion yen policy holdings
$Dai Nippon Printing(7912.JP)$(DNP) announced on the 16th that it will record a profit of 58.6 billion yen from the sale of investment securities for the fiscal year ending 2025/3 as special profit. The 1 listed stock held was sold on the 15th. The stocks have not been disclosed.