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Expectations for progress in the Japan-China trade agreement have led to a recovery to 37,500 yen.
The Nikkei average saw a significant rise. It closed at 37,503.33 yen, up 574.70 yen (estimated Volume of 2.6 billion 40 million shares), recovering to the 37,500 yen level for the first time in about a month and a half since March 27. Anticipation of progress in the US-China ministerial trade negotiations starting on the 10th led to buying across a wide range of stocks. When approaching the psychological milestone of 37,500 yen, there were instances where the increase was reduced due to selling in anticipation of a pullback and profit-taking adjustments ahead of the weekend, but in the latter half of the trading session, there was a movement of short covering.
Express News | 【Change Report】American Capital Research reported a decrease in its shareholding of Daiichi Sankyo (4568.JP) to 5.19%.
The Nikkei average is up by around 350 yen, showing a steady trend after initial buying activity = 9 days before the market.
On the morning of the 9th, the Nikkei average stock price fluctuated around 37,280 yen, about 350 yen higher than the previous day. At 9:21 AM, it reached 37,409.38 yen, up 480.75 yen. It has recovered the psychologically significant level of 37,000 yen, which has been a key resistance point, for the first time in about a month during trading hours. In the U.S. stock market on the 8th local time, both the NY Dow and the Nasdaq Composite Index continued to rise following the agreement on tariff negotiations between the UK and the US. The depreciation of the yen in the foreign exchange market is also supporting this trend.
Nitto Denko, KOA, etc. (additional) Rating
Upgraded - Bullish Code Stock Name Securities Company Previous After---------------------------------------------------------<6268> Nabtesco City "2" "1" Downgraded - Bearish Code Stock Name Securities Company Previous After---------------------------------------------------------<4204> Sekisui Chemical Morgan S "Equal W" "An
Rating information (Target Price change - Part 2) = OBC, Aeon Fan ETC.
◎Mizuho Securities (three-tiered: Buy > Hold > underperform) OBC <4733.T> -- "Buy" → "Buy", 7700 yen → 8200 yen Ito En <2593.T> -- "Hold" → "Hold", 3300 yen → 3150 yen NRI <4307.T> -- "Hold" → "Hold", 4400 yen → 5600 yen Takajuno <4973.T> -- "Hold" → "Hold", 3100 yen → 3000 yen ◎Morgan Stanley MUFG Securities (three-tiered: Overweight > Equal Weight)
List of cloud breakout stocks (Part 2) [Ichimoku Kinko Hyo - List of cloud breakout stocks]
○ List of stocks below the cloud market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo Main Board <1979> Taiki Corporation 2359 2360 2365 <2395> Shin-Etsu Chemical 1513 1516 1641.5 <2676> Takachiho Co., Ltd. 4055 4181.25 4057.5 <2897> Nissin Foods Holdings 3115 3128.25 3267 <2908> Fujicco 1603 1624 1632 <3
