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The trend of risk aversion continues, reaching the 33,000 yen level for the first time in eight months.
The Nikkei Average continued to decline significantly. It closed at 33,780.58 yen, down 955.35 yen (estimated Volume 3.2 billion 10 million shares), breaking below 34,000 yen for the first time in about eight months since August 5 of last year. Due to the USA's mutual tariffs and concerns over a global economic slowdown, the major Overseas stock indices plummeted the previous day, leading to a steep decline in the Nikkei Average at the start. It fell below the 34,000 yen mark in the middle of the morning session. After that, there were some buybacks due to a rebound from the sharp declines.
The Nikkei average is down about 1,140 yen, with Advantest, SoftBank Group, and Tokyo Electron contributing negatively at the top.
As of 12:46 PM on the 4th, the Nikkei average stock price is trading around 33,600 yen, approximately 1,140 yen lower than the previous day. The afternoon session also started with a prevailing Sell. At 12:43 PM, it reached 33,472.82 yen, down 1,263.11 yen. The foreign exchange market shows 1 dollar equals approximately 145.70 yen, currently moving slightly towards a stronger yen. The contribution of the adopted stocks in the Nikkei average stock price has negatives from Advantest <6857.T>, SoftBank Group <9984.T>, and Tokyo Electron <8035.T> being at the top.
KDDI acquires land and buildings at the SHARP CORP Sakai factory.
KDDI <9433.T> announced on the 4th that it has signed a sales contract with SHARP CORP <6753.T> to acquire land and buildings at the SHARP Sakai factory (Sakai City, Osaka Prefecture). The company aims to establish the "Osaka Sakai Datacenter" with the latest GPU infrastructure, targeting the start of operations by fiscal year 2025 to rapidly develop large-scale generative AI models with trillions of parameters. It will also be utilized for generative AI development and other AI-related businesses, as well as a Business platform for the AI era.
Sharp Corp. Sells Part of Plant in Osaka to KDDI for Y10B
The Nikkei average is down about 950 yen, with the decline rates of selected stocks such as Mizuho, Resona HD, and Mitsubishi UFJ among the top.
On the morning of the 3rd at around 11 AM, the Nikkei Average Stock Price is fluctuating at approximately 33,785 yen, down about 950 yen from the previous day. At 10:57 AM, it dropped to 33,770.29 yen, down 965.64 yen, breaching the psychological level of 34,000 yen. In the USA market on the 3rd, in response to the content of the mutual tariff policy of the Trump administration, concerns are raised about accelerating inflation and declining consumption, leading to a sharp drop in the NY Dow Inc and a significant decline in the Nasdaq Composite Index for the first time in three days. The continued impact on the performance of export-related companies and the Bank of Japan.
On the 2nd, the ADR trends indicate that Furukawa Electric, Mitsubishi Heavy Industries, Mitsubishi Corporation, etc., are performing well in yen terms.
On the 2nd, the ADRs (American Depositary Receipts) fluctuated compared to the closing prices in Tokyo when converted to yen. In yen terms, Furukawa Electric <5801.T>, Mitsubishi Heavy Industries <7011.T>, Mitsubishi Corporation <8058.T>, Sumitomo Mitsui Trust Holdings <8316.T>, and Mizuho <8411.T> were higher. On the other hand, Nidec Corporation Sponsored ADR <6594.T>, Olympus <7733.T>, JAL <9201.T>, KDDI <9433.T>, and Nitori Holdings <9843.T> were soft. Provided by Wealth Asset.
103677010 : noted
102782319 : Noted