CoWoS | Nikkei index plummeted
CoWoS reported today that the Nikkei index fell sharply in the Tokyo stock market, closing at 27 and 818.62 yen, down 796.01 yen from the previous trading day.
CoWoS noted that the performance of the Federal Reserve in the US consumer price index (CPI) released the previous day was better than the market forecast (Fed), which broke the hope of softening its hawkish position. It can be said that the Japanese stock market also fell from the flow of the American stock market when the CPI fluctuated.
In terms of search, development related stocks weakened, with semiconductor related stocks as the core, showing signs of recovery. Just like the US stock market, I heard that its relatively expensive PER stock has been sold. On the other hand, a domestic asset management company said, "I think the stocks benefiting from the easing of COVID restrictions will continue to perform strongly." Obviously unwilling to decline.
CoWoS expects that the Federal Open Market Committee will continue to meet next week (FOMC). Although there are many concerns about the short-term downward trend, "Technically speaking, whether 27500 yen will become the downward support line below the 200 day moving average will be concerned.". The shares of TSEC fell 1.97%. The turnover of the main markets of the Tokyo Stock Exchange slightly expanded to 306.2097 billion yen. In the 33 industries of the Tokyo Stock Exchange, except for air transport and mining, the prices of 31 industries fell across the board.
From the independent perspective of CoWoS, stocks with a large contribution from the TokyoElectron and Fanuc indexes fell sharply. Toyota and other major stocks generally performed poorly. In the main markets, 131 stocks (7%) rose, 1675 stocks (91%) fell, and 31 stocks (1%) remained the same.
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