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Sony Group Denies Media Reports on Semiconductor Business Spin-Off
The Nikkei average is up about 440 yen, showing strength mainly in export-related stocks = two days ago.
On the 2nd at around 10:07 AM, the Nikkei average stock price was trading at around 36,890 yen, up about 440 yen from the previous day. At 9:47 AM, it reached 36,976.51 yen, an increase of 524.21 yen. In the US market on the 1st local time, supported by strong earnings from Microsoft and Meta (formerly Facebook), the NY Dow rose for the seventh consecutive day while the Nasdaq Composite Index rebounded. Japanese stocks were buoyed by the rise in US stocks and the yen moving toward a depreciation direction on the Foreign Exchange market, leading to initial buying. Regarding US tariff policies, Bessent, the US Treasury ...
Top Gap Ups and Downs on Thursday: MSFT, LLY, QCOM and More
After the delayed interest rate hike by the Bank of Japan, the Nikkei average stock price temporarily recovered to 36,500 yen.
The Nikkei average continued to rise significantly for six consecutive trading days, closing up 406.92 yen at 36,452.30 yen (Volume estimated at 1.8 billion 60 million shares). Amid the sharp surge in the after-hours trading of U.S. Microsoft and Meta Platforms Inc, buying started to lead in the Tokyo market, particularly in the Semiconductors sector. Additionally, the depreciation of the yen to the 144 yen level against the dollar following the announcement of the Bank of Japan's monetary policy decision was also viewed as favorable, increasing the number of export-related stocks that gained in value.
The Nikkei average is up about 260 points, with the positive contributors being Advantest, TDK, and Recruit Holdings at the top.
At around 12:50 PM on the 1st, the Nikkei average stock price is fluctuating around 36,300 yen, up about 260 yen from the previous day. At the much-anticipated Bank of Japan monetary policy meeting, it was unanimously decided to maintain the current financial market adjustment policy. In the afternoon, trading began with an increased range compared to the morning's closing price, and the exchange rate is at 143.60 yen per dollar, currently trending toward a weaker yen. In terms of the contribution of stocks included in the Nikkei average, Advantest <6857.T>, TDK <6762.T>, are among the top positive contributors.
Market Chatter: Sony Weighs Spinning Off Semiconductor Unit