Today’s Japanese Stock Market Strategy
Strategies
- None.
Explanation
While there was a long-awaited increase in stock prices, it remains questionable how much risk can be taken to buy stocks at a day-trading level, given that bond yields do not seem to be decreasing yet. Considering the decline over the past two days and observing the purchased stocks, there seems to be no need to intervene unless there is a significant change in the overall market sentiment.
Review of Today’s Japanese Stock Market
Prominent Movers
- Mid-sized semiconductor stocks
- REIT(J-REIT)
- None
Explanation
Most large-cap stocks, especially those focused on futures, opened at high prices and then saw a reduction in their upward momentum. Japanese time also witnessed an increase in U.S. bond yields, which did not create a strong atmosphere for actively buying stocks. On the other hand, mid-sized semiconductor stocks performed well. Several stocks, such as TOWA, Tricor, and Rohto, which have been rising for the past few months, saw significant increases, surpassing their previous highs.
REITs showed strength as well, recovering most of the losses from the significant drop yesterday. Chart patterns suggest a possible bottoming out. Considering their recent positive earnings and the potential scenario of a substantial decline in interest rates, REITs are worth keeping an eye on.
Conclusion
It’s okay to have days when no action is taken.
