In the Tokyo stock market, the stock index has been moving near the closing price on the previous day. Buying is predominant in financial stocks such as banks and insurance, driven by rising interest rates in major countries. Air transportation and land transportation stocks, which will benefit from the resumption of economic activity, are also strong. On the other hand, crude oil prices have fallen, and mining and oil and coal product stocks are cheap. Precision equipment stocks are also on sale due to concerns regarding the adverse effects of lockdown in China’s high-tech industrial clusters.
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Viewpoints of market participants
Hideyuki Ishiguro, Senior Strategist, Nomura Asset Management
- The U.S. Nasdaq Composite Index has fallen sharply, and there are concerns regarding the impact of the spread of corona infection in China on supply chain disruption.
- Rising US interest rates are a tailwind for financial stocks such as Japanese banks and insurance.Will not be adversely affected by Russia’s default concerns
TSE 33 industries
| Highest rate of increase | Air freight, insurance, chemicals, banking, land freight, food, textiles |
| High drop rate | Mining, non-steel metals, steel, petroleum / coal products, precision equipment, wholesale |
background
- Yields on 10-year US Treasury bonds rose 14 basis points to 2.13% on the 14th
- Supplier shuts down in Shenzhen, China with lockdown-half of the economyinfluenceand
- U.S. expresses concern over China’s support for Russia and U.S. Department of State-End of talks in Rome
- The overseas market conditions on the previous dayHerePlease refer to the
