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Emerging markets outlook: Will the Growth Market 250 Index attempt to exceed 25MA after the US presidential election?
Breaking above the resistance line may improve investor sentiment, leading to a rise in emerging markets this week. During the same period, while the Nikkei average rose by +0.37%, the growth market index increased by +4.98%, and the Growth Market 250 Index rose by +5.20%, highlighting the strength of the growth market. Despite the attention-grabbing general election resulting in the ruling party falling below the majority, the market had already priced it in, leading to a dominant trend of buybacks in the Tokyo market. The advancing Democratic Party of the People is expected to take power.
The TOPIX Growth Market 250 Index fell for the first time in 5 days, with the recent rise facing a backlash.
Tokyo Stock Exchange Growth Market Index 794.83 -12.24 / Volume 0.1 billion 80.83 million shares / Trading value 104.5 billion yen Tokyo Stock Exchange Growth Market 250 Index 619.96 -10.32 / Volume 79.53 million shares / Trading value 78.9 billion yen Today's Growth Market saw both the Tokyo Stock Exchange Growth Market Index and the Tokyo Stock Exchange Growth Market 250 Index fall for the first time in 5 days. There were 125 gainers, 426 decliners, and 32 unchanged. On October 31, the US stock market continued to decline. The Dow Jones Industrial Average was 378.
Three points to focus on in the afternoon session ~ Selling pressure dominates following the decline of US technology stocks.
In the afternoon of November 1st, I would like to focus on the following three points in the trading: - The Nikkei Average continues to decline significantly, with a selling dominant trend following the fall of US high-tech stocks - The USD/JPY is slightly firm, with continued USD buying - Softbank G <9984> is the top contributor to the decline, followed by Toshiba Electronics <8035> ■ The Nikkei Average continues to decline significantly due to the fall of US high-tech stocks. It fell by 884.72 yen compared to the previous day (-2.26%) to 38196.53 yen (with a volume of approximately 0.9 billion 90 million shares).
Emerging markets stock digest: Flutta is up significantly, Sapeet hits the daily limit.
<2936> Base Food 477 -52 Sharp decline. It is being sold after the Tokyo Stock Exchange announced that it will raise the initial margin rate for margin trading of the company's shares to 70% or more (including over 40% cash) starting from the 31st. Japan Securities Finance also announced the implementation of increased collateral collection measures and stated that the collateral maintenance margin rate for margin trading, self-trading transactions, and uncleared participant settlement transactions will be set at 70% (including 40% cash collateral) from the same day onwards.
Sapeet - hitting the daily limit up, becoming popular as an AI-related star.
Hitting the daily price limit, reaching a new year-to-date high. Newly listed on the 29th, set an opening price of 2285 yen, surpassing the IPO price of 1500 yen by 785 yen (52.3%), and the buying momentum has continued since then. The company replicates and supports expert knowledge in various fields with AI, further amplifying and expanding the value of core business through the development of the 'Expert AI' business. It seems to be popular in the AI-related field.
Three points to focus on in the afternoon session: As the Bank of Japan meeting approaches, a cautious mood prevails, leading to a stronger development.
In the afternoon session on the 31st, attention should be paid to the following three points: - The Nikkei average fell for the first time in four days, with a cautious mood ahead of the BOJ meeting and a strengthening trend. - The dollar/yen struggled to rise, with a slight increase in yen buying due to BOJ policy. - The top contributors to the decline were Fast Retailing <9983> and second was Kyocera Corporation Sponsored ADR <6971>. The Nikkei average fell for the first time in four days. It closed at 39,116.79 yen, down 160.60 yen (-0.41%) from the previous day (volume approximate 9).
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