Bernstein Keeps Their Hold Rating on Advantest (ADTTF)

TipRanksMay 16 04:57 ET · Ratings

Despite a three-day decline, the strength of the desire to Buy on dips has been confirmed.

The Nikkei average has slightly declined for three consecutive days. It ended the trade at 37,753.72 yen, down 1.79 yen (Volume estimated at 1.9 billion 50 million shares). Selling pressure from semiconductor stocks, influenced by a decline in US tech stocks and a rising yen, led to the initial selling. In the middle of the morning session, it dropped to 37,479.21 yen. However, the yen's appreciation, which reached the late 144 yen range against the dollar, calmed down, and the steady movement of US stock futures also slightly improved investor sentiment. There is buying interest aimed at waiting for a dip.

Fisco JapanMay 16 03:23 ET

Stock News Premium = AI and Semiconductor Stocks, points of interest shifting from China to the Middle East -- delayed stocks are also making a comeback.

With the USA Trump administration's approach to the Middle East, stocks related to Artificial Intelligence (AI), Semiconductors, and Datacenters (DC) are starting to revive. The stock price of NVIDIA in the USA has surpassed the levels at the end of last year. The company is making bulk shipments of GPUs (graphics semiconductors) to government-affiliated enterprises in Saudi Arabia. There is growing attention on the movements of related stocks in Japan. <NVIDIA has recovered to the levels at the end of last year> The USA had been restricting the export of AI Semiconductors to Middle Eastern countries under the previous Biden administration, but President Trump, who is visiting the region, is set to withdraw this restriction.

Kabushiki ShimbunMay 16 03:00 ET

The strong yen in the foreign exchange market is a burden. [Closing]

The Nikkei average continued to decline, ending trading at 37,755.51 yen, down 372.62 yen (estimated Volume 2 billion 20 million shares). Profit-taking Sell orders took the lead, starting below the threshold of 38,000 yen, and shortly after the start of the afternoon session, it dropped to 37,633.36 yen. The yen also strengthened to the mid-145 yen range against the dollar, becoming a factor of caution, which burdened export-related stocks such as Toyota <7203>. However, in the context of falling stock price levels, Buy orders were observed from those who were late to buy on dips.

Fisco JapanMay 15 03:31 ET

The Nikkei average is down around 440 yen, with the largest negative contributions from Fast Retailing, Advantest, and Tokyo Electron.

At 12:46 PM on the 15th, the Nikkei average stock price is trading around 37,690 yen, down approximately 440 yen from the previous day. The afternoon session also started with a sell-off. At 12:30 PM, it reached a low of 37,633.36 yen, down 494.77 yen. The market is then consolidating at lower levels. The foreign exchange market is around 146 yen to the dollar, showing a slight appreciation of the yen. In terms of the contribution of the stocks included in the Nikkei average, Fast Retailing <9983.T> and Advantest <6857.T> are among the top negative contributors.

Kabushiki ShimbunMay 14 23:54 ET

Although high-tech stocks are strong, the overall trend is dominated by profit-taking.

The Nikkei Index fell for the first time in five trading days, closing down 55.13 yen at 38,128.13 yen (Volume approximately 2.2 billion 60 million shares). Following the rise of US tech stocks, semiconductor-related stocks were bought, and right after the start, it rose to 38,325.88 yen. However, due to the short-term market overheating, profit-taking Sell gradually increased, turning negative by mid-morning. Nonetheless, it did not develop into an actively bearish trend, and after adjusting near the 200-day line, a sense of resilience was observed.

Fisco JapanMay 14 03:37 ET