Active Investing in Japan

Japan market summary for Thursday (Nov. 29)
Nikkei 225 Stock Average: +359.96 (+2.4%) to 15,513.74
Nikkei 225 futures Osaka: +375 (+2.5%) to 15,535, Singapore (SGX) +385 (+2.5%) to 15,555, Chicago (CME) *11/28 +265 (+1.7%) to 15,535
TOPIX: +38.83 (+2.6%) to 1,514.47; Advancers 1,449 x decliners 203 (unch. 70), New highs 9 x new lows 13; 31/33 sectors posted gains (-mining and air transport)
Nikkei Jasdaq: +12.83 (+0.7%) to 1,751.92
Yen: weakened 1.1% against the US$ and 1.2% against the euro late in Tokyo, to 110.20 and 162.50, respectively continue reading…

Back-to-back rallies in the U.S. — the first time in a month — worth nearly 550 points (the most in five years) for the Dow, combined with a reversal in the yen back towards 110, and the fact that Chicago N225 futures also rallied for a second day for a two-day total of 685 points to 15,535, which is 375 points (+2.5%) above where Osaka N225 futures closed, all point to a big rally today in Japan. continue reading…

Japan market summary for Wednesday (Nov. 28)
Nikkei 225 Stock Average: -69.07 (-0.5%) to 15,153.78
Nikkei 225 futures Osaka: -80 (-0.5%) to 15,160, Singapore (SGX) -50 (-0.3%) to 15,170, Chicago (CME) *11/27 +420 (+2.8%) to 15,270
TOPIX: -3.14 (-0.2%) to 1,475.64; Advancers 835 x decliners 762 (unch. 125), New highs 3 x new lows 42
Nikkei Jasdaq: +7.97 (+0.5%) to 1,739.09
Yen: weakened 0.8% against the US$ to the 109.00 level late in Tokyo; weakened 0.2% against the euro to the 160.50 level continue reading…

Japan market summary for Tuesday (Nov. 27)
Nikkei 225 Stock Average: +87.64 (+0.6%) to 15,222.85
Nikkei 225 futures Osaka: +40 (+0.3%) to 15,240, Singapore (SGX) +40 (+0.3%) to 15,220, Chicago (CME) *11/26 -150 (-1.0%) to 14,850
TOPIX: +11.75 (+0.8%) to 1,478.78; Advancers 1,084 x decliners 537 (unch. 101), New highs 2 x new lows 151
Nikkei Jasdaq: -1.57 (-0.1%) to 1,731.12
Yen: strengthened 0.4% to 108.10-15 against the US$ late in Tokyo; strengthened 0.7% against the euro to the 160.15-20 level continue reading…

Japan market summary for Monday (Nov. 26)
Nikkei 225 Stock Average: +246.44 (+1.7%) to 15,135.21
Nikkei 225 futures Osaka: +400 (+2.7%) to 15,200, Singapore (SGX) +400 (+2.7%) to 15,180, Chicago (CME) *11/23 +295 (+2.0%) to 15,000
TOPIX: +29.65 (+2.1%) to 1,467.03; Advancers 1,282 x decliners 354 (unch. 87), New highs 3 x new lows 87; 32/33 sectors posted gains (- shipping stocks)
Nikkei Jasdaq: +9.52 (+0.6%) to 1,732.69
Yen: strengthened 0.2% against the US$ to the 108.55-60 level late in Tokyo; mostly flat against the euro at the 161.30-35 level continue reading…

The Nikkei 225 Stock Average shed 1.8% in holiday-shortened trading last week. At 14,888.77, the N225 is trading at 15.9x forward earnings, 16.8x trailing earnings, 1.7x book and with a 1.36% forward yield (1.23% trailing). continue reading…

Happy Labor Thanksgiving Day!

Japan market summary for Thursday (Nov. 22)
Nikkei 225 Stock Average: +51.11 (+0.3%) to 14,888.77
Nikkei 225 futures Osaka: -20 (-0.1%) to 14,800, Singapore (SGX) +5 (+0.0%) to 14,780, Chicago (CME) *11/21 -480 (-3.2%) to 14,705
TOPIX: -1.34 (-0.1%) to 1,437.38; Advancers 806 x decliners 802 (unch. 115), New highs 2 x new lows 305; 16/33 sectors posted gains
Nikkei Jasdaq: -3.67 (-0.2%) to 1,723.17
Yen: strengthened 0.3% against the US$ to the 108.80 level late in Tokyo; strengthened 0.1% against the euro to the 161.30-35 level
Notes:TOPIX 2nd Section fell for a sixth-straight session, renewing its ytd low. MOTHERS +0.6%, HERCULES -0.1%. Bloomberg coverage of Mitsubishi UFJ FG earnings.

Japan market summary for Wednesday (Nov. 21)
Nikkei 225 Stock Average: -373.86 (-2.5%) to 14,837.66
Nikkei 225 futures Osaka: -390 (-2.6%) to 14,820, Singapore (SGX) -440 (-2.9%) to 14,475, Chicago (CME) *11/20 +405 (+2.7%) to 15,185
TOPIX: -30.55 (-2.1%) to 1,438.72; Advancers 422 x decliners 1,223 (unch. 78), New highs 2 x new lows 124
Nikkei Jasdaq: -7.79 (-0.4%) to 1,726.84
Yen: strengthened 1.2% to the 109 level (109.10-15) against the dollar for the first time since ‘05; strengthened 0.9% to the 161.45-50 level against the euro continue reading…

Japan market summary for Tuesday (Nov. 20)
Nikkei 225 Stock Average: +168.6 (+1.1%) to 15,211.52
Nikkei 225 futures Osaka: +140 (+0.9%) to 15,210, Singapore (SGX) +115 (+0.8%) to 15,215, Chicago (CME) *11/19 -290 (-2.7%) to 14,780
TOPIX: +12.66 (+0.9%) to 1,469.27; Advancers 734 x decliners 882 (unch. 107), New highs 2 x new lows 644; 24/33 sectors posted gains
Nikkei Jasdaq: -14.52 (-0.8%) to 1,734.63
Yen: slightly stronger against the US$ to the 110.45-50 level late in Tokyo; weakened 0.7% against the euro to the 162.90 level continue reading…