The 'Iron Lady' of Japan is influencing the fate of U.S. stocks and the yen?
High market trading has once again drawn market attention: the yen exchange rate has fallen to a multi-year low, while Japanese government bond yields are rising in tandem.
Driven by the rise in U.S. high-tech stocks and continued expectations for the Koike administration, the market closed above 57,000 yen for the first time.
The Nikkei Average closed significantly higher, surging by 1,286.60 points to reach 57,650.54 (approximate trading volume of 2.9 billion shares), marking the first time it closed above the 57,000 level. The buying of semiconductor and AI-related stocks in the U.S. market the previous day was well-received, leading to a rise in high-priced tech stocks in the Tokyo market. The Nikkei Average extended its gains through the mid-morning session, climbing to 57,960.19, nearing the psychologically significant 58,000 mark. However, the yen's exchange rate also...
Afternoon session [Stocks that moved and stocks that were traded]
Toray Industries, Inc. <3402> reported a 31.6% decrease in operating income for the third quarter, with the rate of decline expanding from a 19.1% reduction in the first half. Hibiya Engineering Ltd. <1982> announced an upward revision to its earnings and dividend forecasts for the fiscal year ending March 2026, along with a stock split. Nisshinbo Holdings Inc. <3105> projects a 20.5% decrease in operating income for the fiscal year ending December 2026. Harken Slay Co., Ltd. <7561> revised its earnings forecast upward for the fiscal year ending March 2026. YOKO Co., Ltd. <6800> has shown an increase.
SBI Securities (daily trading) reported net selling of SoftBank Group shares and net buying of Kioxia HD shares.
Sell Code Stock Name Trading Value (285A) Kioxia HD 96,916,765,600 (5803) Fujikura 80,318,581,920 (1570) NEXT FUNDS Nikkei Average Leverage ETF 77,313,894,240 (9984) SoftBank Group 70,751,571,128 (6146) Disco 70,384,671,030 (7013) IH
Stocks hitting the upper or lower price limit in the afternoon session.
Stocks hitting the upper limit include: Technisco (2962), Unitika (3103), Techno Mathematical (3787), Nissan Chemical (4021), Broad Enterprise (4415), Yuki Gosei Kogyo (4531), Cainos (4556), Kubota Pharmaceutical Holdings (4596), Furukawa Machinery Metals (5715), and Furukawa Electric (5801). Stocks hitting the lower limit are also included. This information may be based on indicative prices at times when trading was temporarily halted for upper or lower limits.
Stocks that moved or traded actively in the morning session.
*Furuya Metals <7826> 5700C - Continued positive assessment following another significant upward revision. *Advance Create <8798> 247 +47 Shares were bought up after the opening, but no specific catalysts were identified. *Furukawa Electric <5801> 21380 +3880 Ongoing favorable evaluation of profit growth in optical-related products and increased dividend. *Inotech <9880> 2727 +425 Positive response to upward earnings revision and higher dividend. *Unitika <3103> 1072 +150 Strong Q3 earnings results continue to be viewed positively.