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Tokyo Market Summary: Nikkei Stock Average rebounds, buys resource-related stocks, etc.

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moomooニュース日本株 wrote a column · Mar 29 01:25
Tokyo Market Summary: Nikkei Stock Average rebounds, buys resource-related stocks, etc.
Hello Moomoo users! Thank you very much for your hard work.Today's stock price summary is as follows. Thank you in advance.
●The Nikkei Stock Average ended at 40369.44 yen, 201.37 yen higher than the previous business day
● Japanese stocks rebounded, and I liked the strong US economic indicators - I bought resource-related stocks, etc.
●End of electricity and gas subsidies will push up prices in Japan - Bank of Japan policy is complicated
● Private sector survey on 2806 items of food price increases in April, sausages, etc.
●Kobayashi Pharmaceutical - rapid backstage press conference starts around 14:00
● Attention to the handle: $Kobayashi Pharmaceutical(4967.JP)$ $Rohm(6963.JP)$etc
-MooMoo News Japan Stock Zeber

Market Overview
Today's Nikkei Stock Average ended at 40369.44 yen, 201.37 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended at 2768.62, 17.81 points higher.
Top news
Japanese stocks rebounded, and they liked the strong US economic indicators - they bought resource-related stocks, etc.
The Tokyo stock exchange rate rebounded on the 29th. The confirmed value of US consumer sentiment has been raised to a high level since July 21, surpassing the median market forecast, and investor sentiment is improving. In addition to real estate and banks, automobile and machine stocks are high. New York crude oil futures rebounded for the first time in 3 days, and related stocks such as mining and petroleum and coal products are rising.

End of electricity and gas subsidies will push up prices in Japan - Bank of Japan policy is complicated
The government will end measures to reduce the burden on electricity and gas bills implemented as a countermeasure against rising prices in May. There is a large possibility that Japan's inflation rate will rise toward 3% over the summer due to this effect, and future policy management may become complicated for the Bank of Japan, which is moving to normalize monetary policy.

Private sector survey on 2806 items of food price increase in April, sausages, etc.
Teikoku Databank announced on the 29th that 195 major food manufacturers will raise the price of 2806 items in April. It will exceed 2000 items for the first time in 6 months since 2023/10. Although it has decreased by about 50% compared to 5404 items in the same month of the previous year, raw material prices continue to rise, and movements to pass on increases in labor costs and logistics costs to sales prices are also spreading.

Bonds are falling, be wary of the Bank of Japan's government bond purchases being reduced - 2-year bond bidding is a safe result
The bond exchange rate fell on the 29th. The view that the Bank of Japan will reduce purchases of government bonds in the near future has become weighty. The bid for the 2-year government bond that took place on the same day had a good result.

Notable stocks
Kobayashi Pharmaceutical - rapid backstage press conference starts around 14:00
$Kobayashi Pharmaceutical(4967.JP)$There was a rapid increase in the backstage. It seems that the fact that the company held a press conference from around 14:00 today is viewed as material. It seems that purchases are being made in anticipation of investigating the cause and improving the situation.

ROHM to begin discussions with Toshiba to strengthen semiconductors - capital alliance is also in sight
$Rohm(6963.JP)$It was announced on the 29th that a proposal was made to Japan Industrial Partners (JIP) to begin discussions aimed at strengthening the business partnership between ROHM and Toshiba's semiconductor business. In the future, they would like to conduct discussions with a view to capital alliances.

Suzuki and Hitachi Astemo participate in the Automotive Advanced Semiconductor Coalition, government subsidizes 1 billion yen
The “Automotive Advanced SoC Technology Research Association (ASRA)” (Nagoya City), which consists of 5 Japanese automobile manufacturers and a total of 12 semiconductor-related companies, develops high-performance semiconductors used in autonomous driving, etc., will be held on the 29th $Suzuki(6785.JP)$It was announced that Hitachi Astemo (Astemo) will participate anew. The Ministry of Economy, Trade and Industry announced on the same day that it will subsidize ASRA research and development with approximately 1 billion yen.

Distributor: Bloomberg, Nihon Keizai Shimbun, Jiji Press, QUICK Money World, Traders WebReuters
Tokyo Market Summary: Nikkei Stock Average rebounds, buys resource-related stocks, etc.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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