Buoyed by the rally in U.S. technology stocks, buying pressure dominated, pushing prices temporarily back into the 67,000 yen range.

The Nikkei 225 staged a sharp rebound for the first time in three trading days, closing up 1,363.51 points at 66,970.22 on an estimated trading volume of 2.54 billion shares. Reflecting the rally in U.S. tech stocks over the weekend, buying was concentrated in semiconductor and AI-related shares. The index was further boosted by Recruit Holdings <6098>, which surged to its daily trading limit after posting robust earnings that beat market expectations. During the morning session, the index extended its gains to 67,006.84, marking the first time in roughly two weeks, since July 23, that it breached the psychological barrier during trading hours.

Fisco JapanAug 10 15:13

This report identifies the renewed momentum in semiconductor and AI-related stocks.

[Equity Opening Comment] On the 10th, the Japanese stock market is expected to see strong buying momentum following the rally in U.S. equities; however, active trading is likely to be muted ahead of the upcoming holiday. In the U.S. market on the 7th, Dow Inc rose by $151, and the Nasdaq gained 342 points. The July U.S. employment report showed a decline in nonfarm payrolls, contrary to market expectations. This caused expectations for interest rate hikes by the Federal Reserve (FRB) to recede and U.S. long-term interest rates to fall, a development that was well received by the market. Nikkei 225 futures in Chicago were 6... compared to Osaka.

Fisco JapanAug 10 07:22

Rating [Ratings by Securities Firms]

Upgrade - Bullish Ticker Company Brokerage Previous Revised ------------------------------------------------ <8035> Tokyo Electron Mito "B+" "A" Downgrade - Bearish Ticker Company Brokerage Previous Revised ------------------------------------------------ <2492> Infomart SBI "Neutral" "Sell"

Fisco JapanAug 10 07:00

The market is on a recovery track, driven by buying of stocks with strong earnings, among other factors.

The Nikkei average edged lower for a second consecutive session, closing down 76.55 yen at 65,606.71 with an estimated trading volume of 2.87 billion shares. In early trading, short-covering buying led the market amid a rebound from the previous day's decline. Shortly after the opening, the Nikkei rose to 65,990.72. However, SoftBank Group <9984> faced selling pressure after announcing its earnings after the previous day's close. Lasertec <6920> also plunged after reporting earnings that fell short of market expectations, prompting broader selling in semiconductor and AI-related stocks, as well as Fuji Fi...

Fisco JapanAug 7 15:20

Haseko, ZOZO, and Others (Added) Rating

Upgrades - Bullish Code Stock Name Brokerage Previous Revised------------------------------------------------------------<4188> Mitsubishi Chemical GSBI "Neutral" "Buy" <4483> JMDC Tokai Tokyo "Neutral" "Outperform" Downgrades - Bearish Code Stock Name Brokerage Previous Revised-----------------------------------------------

Fisco JapanAug 7 13:14

Assess the underlying strength of semiconductor and AI-related stocks.

[Equity Opening Comment] On the 7th, the Japanese stock market is expected to see dip-buying amid a backdrop of profit-taking following the sell-off in U.S. equities. In the U.S. market on the 6th, Dow Inc fell 464 dollars, and Nasdaq dropped 15 points. According to a draft agreement between Iran and Oman aimed at reopening the Strait of Hormuz, the proposal includes provisions barring the passage of U.S. and Israeli vessels. With an agreement appearing out of reach, rising crude oil futures prices weighed on the market. The U.S. Federal Reserve (FRB)

Fisco JapanAug 7 07:28