TOPIX continues to grow on the Tokyo Stock Exchange. Export-related stocks such as automobiles and machinery, and market-related stocks such as mining and non-ferrous metals have risen due to the depreciation of the yen and high commodity prices in the foreign exchange market. Financial stocks such as banks and insurance, which are boosted by rising US interest rates, are also strong. On the other hand, the Nikkei Stock Average is often weak due to the decline in precision equipment and information / communications stocks due to the depreciation of US technology stocks. Investor sentiment is also weighed down by the launch of potentially ballistic missiles from North Korea.
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Viewpoints of market participants
Mitsunari Akino, Executive Officer of Ichiyoshi Asset Management
- Value (cheap) stocks such as automobiles are expected to improve business performance due to global economic normalization and recession of concerns regarding Omicron stocks
- On the other hand, valuation adjustments for technology stocks are likely to progress slowly due to rising interest rates in the United States.
- Be wary of the Federal Open Market Committee (FOMC) agenda to be announced tonight
TSE 33 industries
| Highest rate of increase | Shipping, transportation equipment, mining, insurance, non-ferrous metals, steel, banks |
| High drop rate | Precision equipment, information / communication, pharmaceuticals, services |
background
- US stocks vary high and low, Dow Jones Industrial Average rises 0.6% to the highest level-Nasdaq Composite Index falls 1.3%
- US 10-year bond yield rises 2 basis points to 1.65%
- Today’s dollar / yen exchange rate is in the low 116 yen range per dollar, and the closing price of Japanese stocks on the previous day was 115.75 yen.
- New York crude oil futures rose 1.2% to $ 76.99 a barrel-OPEC Plus boosts daily production by 400,000 barrels in Februaryagreement
- A possible ballistic missile was launched from North Korea-Coast Guard
.