Nikkei Average Opens 838 Yen Lower, Disco and SoftBank Group Decline

Price ActionMacro
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Summary · why it matters

On the 24th, the Nikkei Average opened lower, falling 838.35 yen to 65,584.25 yen. The sharp continued decline of major indices in the US stock market the previous day weighed on sentiment, while rising crude oil prices due to escalating tensions in the Middle East and an increase in domestic long-term interest rates also capped stocks. Meanwhile, although the yen weakened to the 163.80 range against the dollar and there were expectations for the full-fledged start of April-June earnings announcements from major domestic companies, selling dominated at the open. Among the top traded issues on the Tokyo Stock Exchange Prime Market, Disco, SoftBank Group, and Advantest declined, while Takeda Pharmaceutical and INPEX rose.

Impact on stocks 5

Semiconductors · 2 stocks
Energy Transition & Power Demand · 1 stocks
Inpex Corporation
1605
▲ PositiveGeopoliticsrelevance

Rising crude oil prices due to Middle East tensions directly benefit INPEX as an oil producer.

Biotech & Genomic Medicine · 1 stocks
Takeda Pharmaceutical Co. Ltd.
4502
▲ PositiveGeopoliticsrelevance

Rising crude oil prices due to Middle East tensions benefit Takeda as a defensive/pharma stock, but it is not the main driver.

Financials · 1 stocks