Market Insights

  • Market Insights

    “Bank of Japan Monetary Policy Meeting, high voltage DC transmission, TV stations.”

    26th March, 2021

    The BOJ decided at its Monetary Policy Meeting on 19/3 to raise the permissible range of fluctuation in the long-term interest rate for the yield on 10-year government bonds, which will continue to be pegged at around zero percent, to plus or minus 0.25 percent, instead of the previous 0.2 percent.  It dropped “an annual […]

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  • Market Insights

    Top 10 Traded US Stocks on POEMS in February 2021

    19th March, 2021

    At a glance: All three US major indices had a volatile month in February, closing lower after hitting record highs. Amid concerns about rising bond yields which may hurt high-growth tech stocks the most, the Nasdaq Composite underperformed, with an 8% correction from its 14,000 high. Investors rotated from high-growth tech stocks to cyclical sectors […]

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  • Market Insights

    ”Credit’s “Anxiety Index”; BOJ’s recent daily upper price limits”

    12th March, 2021

    On the evening of 5/3, the Japanese government is expected to finalize its decision to re-extend the deadline for the state of emergency in the Tokyo Metropolis and three neighboring prefectures for another two weeks until 21st March.  Against the backdrop of an increase in the number of people infected with Covid-19 variants, it is […]

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  • Market Insights

    ”Beware of Nikkei Average weighted average PBR, high PBR for IP asset valuation”

    26th February, 2021

    The Nikkei Average broke through 30,000 points on 15/2 and closed at 30,467 points on 16/2.  This level is equivalent to 1.32 times the weighted average PBR (price-to-book-value ratio), which is weighted by market capitalization of the Nikkei Average’s constituent stocks, and is the highest level since 2nd February, 2018.  At that time, the “Trump […]

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  • Market Insights

    Top 10 Traded US Stocks on POEMS in January 2021

    15th February, 2021

    At a glance: All three US major indices were volatile in January, closing slightly lower except for NASDAQ Composite. Electric-vehicle (EV) stocks remained traders’ top favourites due to their volatility and the industry’s promising future. Tech stocks likely to sustain their momentum as NASDAQ Composite has been outperforming the other two indices.   Here are […]

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  • Market Insights

    ”Estimating the upper limit of the current market range for the Nikkei Average”

    4th February, 2021

    As mentioned in the 25th January issue of this weekly report, “Is the official inauguration of the new president a turning point between ‘expectation’ and ‘reality’?”, it seems that the sentiment surrounding the stock market has changed from around the 20th of this month.  In fact, on 21/1, the US Dow Jones Industrial Average hit […]

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  • Market Insights

    ”Stock price highs since August 1990 and semiconductor market outlook”

    21st January, 2021

    The Nikkei Average rose to 28,979 points during trading hours on 14/1, the highest level since August, 1990.  August, 1990 was the time when, after the Iraqi forces invaded Kuwait, the UN Security Council adopted a resolution condemning the invasion and imposed economic sanctions on Iraq with a total embargo.  At that time, there were […]

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  • Market Insights

    Top 10 Traded US Stocks on POEMS in December 2020

    18th January, 2021

    At a glance: • All three US major indices continued their bull run, smashing all-time highs in late December’s Santa Claus rally. • Electric-vehicle (EV) stocks continued to top traders’ favourites due to their volatility and the industry’s promising future. • Vaccination has started in countries like the UK, US and Singapore, further bolstering sentiment. […]

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  • Market Insights

    ”Gazing at the “three shifts” relating to a weak dollar, commodities and emerging economies”

    31st December, 2020

    There are only a few days left in 2020 during which Covid-19 struck.  As of 25/12, the Nikkei Average’s low for this year was 16,358 points, set on 19/3, and its high was 26,905 points, set on 21/12.  The index fluctuated widely, at 5,273 points above and below the average of 21,631 points.  The price […]

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  • Market Insights

    ”Positioning of major SQ days, eyeing next year’s market”

    22nd December, 2020

    The “major SQ Day” (11/12), on which the SQ (Special Quotation) for the final settlement of stock index futures and options contracts overlaps, seems to be positioned as an important milestone pointing towards the upward movement of the Nikkei Average which had dipped to its low of 16,358 points on 19/3 this year.  First of […]

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