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The Nikkei average rose by 170 yen, continuing to climb, though it faced resistance; it recovered to 35,000 yen in closing price for the first time in three weeks on the afternoon of the 24th.
On the 24th, the Nikkei average in the afternoon session rose by 170.52 yen from the previous day to 30,039.15 yen, continuing its upward trend. The TOPIX (Tokyo Stock Price Index) increased by 8.24 points to 2,592.56 points, marking three consecutive days of gains. The Nikkei average, on a closing basis, recovered to above 30,000 yen for the first time in three weeks since the 2nd (35,725.87 yen). At 9:08 AM, it reached 35,287.95 yen, up by 419.32 yen. In the local US market on the 23rd, President Trump announced a significant reduction in tariffs on China from 145%.
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The Nikkei average is up around 170 yen, with trading volume led by Disco, Mitsubishi Heavy Industries, and Kawasaki Heavy Industries.
On the afternoon of the 24th, the Nikkei average stock price is trading around 35,040 yen, approximately 170 yen higher than the previous day. In the latter half of the day, the market opens with a Sell dominance. Afterwards, there is a movement to reduce the gains due to Sell orders waiting for a rebound. The dollar-yen exchange rate is currently in a range around 142.70 yen per dollar. The top trading stocks by Volume in the Main Board market at around 2 PM are NTT <9432.T>, JDI <6740.T>, Mitsubishi Heavy Industries <7011.T>, Mitsubishi UFJ <8306.T>, and Toyota <720>.
The Nikkei average is up about 290 yen, and after a round of Buy, it is being pushed down by Sell waiting for a rebound = 24 days before the session.
On the 24th at around 10 AM, the Nikkei average stock price is trading at around 35,160 yen, up about 290 yen from the previous day. At 9:08 AM, it reached 35,287 yen 95 sen, up 419 yen 32 sen. In the US market on the 23rd local time, following President Trump's indication that tariffs on China would significantly decrease from 145%, both the NY Dow and Nasdaq continued to rise. Additionally, it was reported that Treasury Secretary Yellen expressed that there would be no specific currency targets in the Japan-US negotiations regarding tariffs.
On the 23rd, the ADR trends showed that TDK, FANUC CORP, Mitsubishi UFJ, ETC had a high value when converted to yen.
The ADRs on the 23rd (American Depositary Receipts) were broadly higher compared to the Tokyo closing prices on the 23rd, when converted to yen. In yen terms, TDK <6762.T>, FANUC CORP <6954.T>, Mitsubishi UFJ <8306.T>, Mizuho <8411.T>, SoftBank Group <9984.T>, etc., were up. Advantest <6857.T>, NINTENDO CO LTD <7974.T>, Mitsubishi Heavy Industries <7011.T>, Sumitomo Mitsui <8316.T>, ORIX <8591.T>, etc., also showed solid performance. Provided by Wells A.
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