Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Tokyo Market Summary: Nikkei Average's sharp decline, movement to resolve buyers before Bank of Japan meeting results

avatar
moomooニュース日本株 wrote a column · Oct 30, 2023 01:05
Tokyo Market Summary: Nikkei Average's sharp decline, movement to resolve buyers before Bank of Japan meeting results
Hello Moomoo users!Thank you for your hard work. Today's stock price summary is as follows. Thank you in advance.
● The Nikkei Average ended at 30696.96 yen, 294.73 yen lower than the previous business day
● Long-term interest rate rises to 0.890% = high level for the first time in 10 years and 4 months
● 2-year bond bidding is sluggish, bid ratio is at a low level for the first time in 13 years - investors reluctant ahead of the Bank of Japan meeting
● Toyota's global sales in September exceeded 1 million units, reaching a record high in the same month - 11% increase from the previous year
● Mitsubishi's own backstage buying and selling, operating profit for the current fiscal year completely turned record high, but profit declined by 56% at the end of the July-September fiscal year
● Notable stocks: $Shin-Etsu Chemical(4063.JP)$ $OMRON(6645.JP)$ $Mitsubishi Motors(7211.JP)$ $Hitachi(6501.JP)$etc
ー Moo Moo News Japanese stock Evelyn

Market Overview
In today's Tokyo stock market, the Nikkei Stock Average ended at 30696.96 yen, down 294.73 yen from the previous business day, and the TSE stock price index (TOPIX) fell 23.41 points to 2231.24.
Top news
Long-term interest rate rises to 0.890% = high level for the first time in 10 years and 4 months
At the Tokyo bond market on the 30th, the circulation yield of newly issued 10-year government bonds (372nd bonds), which are indicators of long-term interest rates, rose to 0.890% (bond prices fell). It rose 0.020% compared to the previous weekend, and since 2013/7/3, it reached a high level for the first time in about 10 years and 4 months.

2-year bond bidding is sluggish, bid ratio is at a low level for the first time in 13 years - investors reluctant ahead of the Bank of Japan meeting
The results of the 2-year government bond bid carried out by the Ministry of Finance on the 30th were sluggish. The bid ratio, which reflects the strength or weakness of investor demand, is 3.04 times, which is the lowest level since 2010. Investors did not lose their cautious stance due to a sense of caution against the normalization of monetary policy by the Bank of Japan.

Toyota's global sales in September exceeded 1 million units, reaching a record high in the same month — 11% increase from the previous year
$Toyota Motor(7203.JP)$It was announced on the 30th that group global sales for September were a record high for the same month as 1 million 3779 units, up 11% from the same month last year. According to the announcement, Daihatsu Motor and $Hino Motors(7205.JP)$Sales of Toyota alone, excluding those, were 920,1308 units, up 12% from the same period. Both the group and the standalone unit surpassed the previous year for 8 consecutive months, making both sales and production record highs for the April-September cumulative total.

Notable stocks
Shinetsu continues to grow drastically, and even though profit declined by over 20% at the end of the first half, silicon wafer market conditions were at a rock bottom from July to September
$Shin-Etsu Chemical(4063.JP)$has continued to expand drastically, demonstrating strength in the midst of an overall situation of evil. The financial results for the fiscal year ending April to September announced by the company on the 27th of the previous weekend were sluggish, with final profit falling 23% from the same period last year to 301,439 million yen, and profit decline of over 20%.

Mitsubishi itself went through back-and-sell, and operating profit for the current fiscal year turned once and was predicted to be a record high, but profit declined by 56% at the end of the July-September fiscal year
$Mitsubishi Motors(7211.JP)$However, in the aftermath, a mix of buying and selling unfolded. After noon on the 30th, the full-year earnings forecast was revised upward in line with the announcement of consolidated financial results for the 2nd quarter (April-September) of the fiscal year ending 2014/3.

Sumitomo Mitsui Trust - Plunge conveyed to a downward revision to the final profit of the current fiscal year to around 100 billion yen
$Sumitomo Mitsui Trust Holdings(8309.JP)$has plummeted. Bloomberg News Agency reported around 10:03 on the 30th that the company would revise its consolidated net profit forecast for the full fiscal year 24.3 downward.

Hitachi continues to drastically expand, revises earnings forecasts for the current fiscal year upward, and reorganizes to accelerate growth with generated AI
$Hitachi(6501.JP)$has continued to grow drastically. After trading ended on the 27th of the previous weekend, the full-year earnings forecast was reviewed in line with the announcement of consolidated financial results for the 2nd quarter of the fiscal year ending March 31, 24 (April-September), and sales revenue forecasts were raised from 8.80 trillion yen to 9.15 trillion yen (down 15.9% from the previous fiscal year), and the forecast for final profit from 50 billion yen to 52 billion yen (down 19.9% from the same period), respectively.

Takeda Pharmaceutical - 3 days in a row, Novartis sues the company in the US, former employee brings out secrets = Nikkei
$Takeda Pharmaceutical(4502.JP)$has continued to drop for 3 days. The morning edition of the Nihon Keizai Shimbun dated 28th reported that it became known on the 27th that Swiss pharmaceutical giant Novartis is suing the company in the US in connection with the unauthorized removal of confidential information of former employees.

Omron depreciates drastically, and the operating profit forecast for the fiscal year ending 2014/3 was revised downward to 45 billion yen
$OMRON(6645.JP)$was drastically depreciated, and the year-to-date low was updated. The company revised its consolidated earnings forecast for the full fiscal year ending 2014/3 after trading ended on the 27th.

Distributors: Bloomberg, Nihon Keizai Shimbun, MINKABU, Traders Web, Jiji Press
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
24
2
2
1
3
1
+0
See Original
Report
130K Views
Comment
Sign in to post a comment
    avatar
    moomoo News Official Account
    13KFollowers
    3Following
    119KVisitors
    Follow