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The afternoon Nikkei average started at a drop of 362 yen, with Kawasaki Heavy Industries and Hitachi falling.
[Nikkei Average Stock Price/TOPIX (Table)] Nikkei Average; 38474.74; -362.72 TOPIX; 2752.80; -34.68 [Afternoon Opening Overview] The afternoon Nikkei average opened at 38474.74 yen, down 362.72 yen from the previous day, slightly widening the decline from the morning (38527.60 yen). During lunchtime, Nikkei 225 futures were weakly held in the range of 38450-38540 yen. The Dollar-Yen was at 155.30-40 yen since around 9am.
Hitachi Repurchases Nearly 14 Billion Yen Worth of Shares
Diversified company Hitachi (TYO:6501) repurchased 884,200 shares from April 30 to May 31 for a total of 13.6 billion yen through off-auction own-share repurchases on the Tokyo Stock Exchange, a Wedne
3 points to watch in the morning session~ Aim for dips while assessing the resilience of high-tech stocks.~
In the trading of the first half of the fifth day, the following three points are worth noting.■Standpoint of watching the strength of high-tech stocks while aiming for a pullback.■Hakuhodo DY, operating profit of 24/3, decreased by 38.1% to 34.2 billion yen, and it is expected to increase by 5.0% to 36.0 billion yen by 25/3. ■ Points of attention in the first half: NTT, public telephones, expected to fall below 100,000 units during the fiscal year, disaster response measures are progressing, prospects.■Standpoint of watching the strength of high-tech stocks while aiming for a pullback. Japan's stock market on the fifth day is likely to be a stalemate market. On the fourth day, the US market was...
NTT, Hitachi, and other stock information from the newspaper.
*NTT<9432> public telephones are expected to fall below 100,000 units during the year. Efforts are being made to enhance disaster response capabilities. (Nikkan Kogyo front page) -○ * Toyota Motor<7203> Subjected to a raid inspection, Minister of Land, Infrastructure, Transport and Tourism says "deal with it severely" (Nikkan Kogyo front page) -○ * Hitachi<6501> Collaborates with US-based MS on generative AI, in a deal worth tens of billions of dollars over three years (Nikkan Kogyo page 3) -○ * Omron<6645> 1,206 people apply for early retirement at domestic offices (Nikkan Kogyo page 3) -○ * Oji HD<3861> Utilizes environmentally friendly packaging materials in Europe, using technology from its Finnish subsidiary
ADR Japanese stock ranking ~ Almost all stocks including Yucho Bank are down, Chicago is down by 325 yen compared to Osaka, at 38,425 yen.
Japanese stocks of American Depositary Receipt (ADR) fell for almost all companies, including Yucho Bank <7182>, Renesas <6723>, Honda Motor <7267>, Fujifilm <4901>, Denso <6902>, Itochu <8001>, Advantest <6857>, etc., compared to the Tokyo Stock Exchange (converted at a rate of 1 dollar to 154.85 yen). The settlement price of Chicago Nikkei 225 futures was 38,425 yen, down 325 yen from Osaka during the day. The US stock market rose. The Dow Jones Industrial Average rose 140.26 dollars.
Energy crisis looming over Silicon Valley, what about related Japanese stocks?
The movement aiming for the phased abolition of fossil fuel use in nuclear power is reported to be conflicting with the artificial intelligence (AI) revolution. AI technology that requires a large amount of energy is increasing its dependence on the power grid. And much of that power grid is supported by coal and natural gas power generation.
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