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The Nikkei average is up 134 yen, rising for the fourth consecutive day, but the outlook is heavy on the upside = afternoon session on the 28th.
On the 28th, the Nikkei average stock price in the afternoon session rose by 134 yen and 25 sen compared to the previous weekend, reaching 35,839 yen and 99 sen, marking the fourth consecutive increase. The TOPIX (Tokyo Stock Price Index) also increased by 22.58 points to 2,650.61 points. At 9:34 AM, the Nikkei average hit 36,075 yen and 26 sen with an increase of 369 yen and 52 sen, briefly recovering to the 36,000 yen level for the first time in about a month during trading hours. However, lacking in clues, profit-taking selling capped the upward movement.
Mitsubishi UFJ Financial Group Acquires Substantial Holding in Australian Clinical Labs
On the 25th, the trend of ADR = Shin-Etsu Chemical, Denso, Mitsubishi UFJ, etc. showed high values when converted to yen.
On the 25th, the ADRs (American Depositary Receipts), when converted to yen, were mostly higher compared to the Tokyo closing price from the previous Friday. In yen terms, Shin-Etsu Chemical <4063.T>, Denso <6902.T>, Mitsubishi UFJ <8306.T>, Mizuho <8411.T>, and Nomura <8604.T> all saw gains. Daiichi Sankyo <4568.T>, Sony Group Corp <6758.T>, TDK <6762.T>, Mitsubishi Heavy Industries <7011.T>, NTT <9432.T> also performed steadily. Provided by Wealth Advisors.
The Nikkei average rose by 170 yen, continuing to climb, though it faced resistance; it recovered to 35,000 yen in closing price for the first time in three weeks on the afternoon of the 24th.
On the 24th, the Nikkei average in the afternoon session rose by 170.52 yen from the previous day to 30,039.15 yen, continuing its upward trend. The TOPIX (Tokyo Stock Price Index) increased by 8.24 points to 2,592.56 points, marking three consecutive days of gains. The Nikkei average, on a closing basis, recovered to above 30,000 yen for the first time in three weeks since the 2nd (35,725.87 yen). At 9:08 AM, it reached 35,287.95 yen, up by 419.32 yen. In the local US market on the 23rd, President Trump announced a significant reduction in tariffs on China from 145%.
Mitsubishi UFJ Financial Group Ceases Substantial Holding in Australian Clinical Labs
The Nikkei average is up around 170 yen, with trading volume led by Disco, Mitsubishi Heavy Industries, and Kawasaki Heavy Industries.
On the afternoon of the 24th, the Nikkei average stock price is trading around 35,040 yen, approximately 170 yen higher than the previous day. In the latter half of the day, the market opens with a Sell dominance. Afterwards, there is a movement to reduce the gains due to Sell orders waiting for a rebound. The dollar-yen exchange rate is currently in a range around 142.70 yen per dollar. The top trading stocks by Volume in the Main Board market at around 2 PM are NTT <9432.T>, JDI <6740.T>, Mitsubishi Heavy Industries <7011.T>, Mitsubishi UFJ <8306.T>, and Toyota <720>.
