What does Shigeru Ishiba's re-election mean for Japanese stocks?
Analysts believe that Shigeru Shiba's re-election may help boost the development of retailers and electrical utilities, and be bullish for public utility and technology stocks, while the prospects of defense companies and stocks related to corporate governance are less clear.
Trump trade is also swayed by favorable and unfavorable factors.
The Nikkei average fell for the first time in three business days, closing at 39,376.09 yen, down 157.23 yen (with a volume of approximately 2.46 billion shares). Against the background of the previous day's rise of US stocks and a weaker yen, buying was predominant in the morning. There were moments when it rose to 39,866.72 yen towards the end of the morning session. However, there is a tendency for selling to occur in anticipation of a return before the psychological milestone of 10,000 yen, as well as firm statements towards China and Iran by Trump's future Secretary of State, Marco Rubio, according to US media.
Iida GHD, Tosoh, etc. (additional) Rating
Upgrade - Bullish code Stock name Securities company Previous change after ----------------------------------------------- <9983> First LightJPM "Neutral" "Overweight" Downgrade - Bearish code Stock name Securities company Previous change after ----------------------------------------------- <
Stocks that hit the daily limit up or down in the morning session.
■ Stop limit up <3807> FISCO <6862> Minato Holdings <7242> Kayaba <7615> Kyoto Kimono Yuzen Holdings ■ Stop limit down <269A> Sapeet <3077> Hori Food Service ※ Includes temporary stop limit up and down (indicative price)
Rating [security companies rating]
Upgrade - Bullish Code: Securities companies' names before and after changes ----------------------------------------------- <2413> M3 UBS: Sell, Neutral <9983> First Retail JP Morgan: Neutral, Overweight <9021> JR West Japan SBI: Hold, Buy <1893> Go Yo Kenritsu Hana: Hold, Slightly Bullish Downgrade - Bearish Code
Tokai Rika, Iriso Denko, etc.
Tokai Rika <6995> expands DX of molds, reduces costs with automated design (Nikkan Kogyo front page) - Futaba Corp <6474> introduces vacuum degreasing cleaning equipment, reduces power consumption by half with high-efficiency heat pump (Nikkan Kogyo front page) - China Electrical Utilities <9504> Shimane Unit 2 to restart operation on 7th next month after 13 years (Nikkan Kogyo page 3) - Nojima <7419> to acquire VAIO subsidiary, expand BtoB business (Nikkan Kogyo page 3) - Tohoku Electric Power <9506> Onagawa Unit 2 to start commercial operation by end of year, thorough measures for preventing recurrence