Home » Economy » The Nikkei average in the previous session fell sharply, and concerns about Evergrande’s cash flow were heavy | Reuters

The Nikkei average in the previous session fell sharply, and concerns about Evergrande’s cash flow were heavy | Reuters

On the Tokyo Stock Exchange, the Nikkei average fell 601.48 yen from the previous business day to 29,898.57 yen, a sharp rebound. The photo is the Tokyo Stock Exchange. Taken on July 20 (2021 newsletter)

(Updated content)

[Tokyo 21st Reuters]–The Nikkei average fell 601.48 yen from the previous business day to 29,898.57 yen on the Tokyo stock market. Even after it started cheaply in the morning due to a sense of caution about the default risk of the Chinese real estate developer Evergrande Group, the rate of decline widened and fell below 30,000 yen. On the other hand, against the backdrop of a strong outlook for the future, bargain purchases supported the lower price and were reluctant to lower in the low price range, and the conflict continued. In the US stock market the day before, the three major indexes fell sharply. Aware of the evergrande risk of China, a wide range of stocks were sold. The rate of decline for the 500 S & P and Nasdaq composites has been the largest since May, and the 30 Dow Jones Industrial Averages have been the largest since July. After the Nikkei average started cheap, it fell below 30,000 yen and became a conflict in the low price range. In addition to positive US stock index futures, Hong Kong stocks were reluctant to decline, and Japanese stocks were also aware of their resilience. In the market, “During the consecutive holidays, the US Federal Open Market Committee (FOMC) and the Bank of Japan meeting are coming up. By the way, it’s easy to make a bargain purchase “(Miki Securities’ Deputy Director, Investment Information Group, Commodity Department, Atsushi Kitazawa). TOPIX closed the morning trading at 1.68% lower. Some speculate that “depending on the situation, the Bank of Japan may buy exchange-traded funds (ETFs)” (domestic securities). The trading value of the first section of the Tokyo Stock Exchange swelled to 1,729,271 million yen. Among the 33 industries on the Tokyo Stock Exchange, the highest rates of decline were in the steel, machinery, and shipping industries, and the price increases were only in the air transportation industry, electricity / gas industry, and pharmaceutical industry. Sales in the sector, which is considered to be related to China, were conspicuous. Major stocks such as Toyota Motor and Sony Group and semiconductor-related stocks such as Tokyo Electron are generally weak. Fast Retailing and SoftBank Group, which have a large index contribution, have not even moved. On the other hand, air transportation such as ANA Holdings, a corner of land transportation, and travel-related items such as H.I.S. were positive. In addition to favoring the declining trend of new infections with the new corona, there were also speculations about the resumption of the GoTo policy. Daiichi Sankyo is also solid. As for the number of rises and falls in the first section of the Tokyo Stock Exchange, 156 stocks rose and 1995 stocks fell, accounting for 91%. There were 36 brands unchanged.

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