Japanese stocks rebound, Ukrainian tensions ease and crude oil prices are favorable-export-related and material prices are high-Bloomberg

Tokyo stock market rebounded. Russia announces partial withdrawal of troops rallying near the Ukrainian border, reducing geopolitical risk. Crude oil futures have fallen, and inflation alerts have eased somewhat. Buyers gathered in export-related fields such as machinery, and stocks of materials such as chemicals rose. Financial stocks are also expensive.

  • TOPIX is up 29.73 points (1.6%) from the previous day, 1944.43-11:11 am
  • The Nikkei Stock Average is up 562.04 yen (2.1%) to 27,427.23 yen.

Viewpoints of market participants

Masahiro Ichikawa, Chief Market Strategist, Sumitomo Mitsui DS Asset Management

  • Russia has announced that it will withdraw partly from Ukraine, and it has become a risk-on (preference) trend with the perception that tensions will be eased.The stock market is worried over the situation in Ukraine
  • It is a development that tries the upper price while carefully handling the material of the market price.The pace of US interest rate hikes is still a factor of high market interest, so it seems that although it is on a return trend, unstable movements are continuing.

TSE 33 industries

Highest rate of increase Rubber products, shipping, air transportation, insurance, machinery, chemicals, glass / earth and stone, banks
High drop rate Mining, petroleum and coal products

background

  • Putin wants a diplomatic solutionshow-Announcement of partial withdrawal of troops
    • US President Joe Biden still invades UkraineCan happen
  • New York crude oil futures on the 15th fell 3.6%Significant rebound
  • NY Fed Manufacturing Index, February slightlyimprove-Sales price is the highest ever
  • US PPI, January exceeds expectationsrise-Supporting the Fed’s rate hike outlook

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