Japan Market Outlook - 28 July 2021

The Japanese stock market is modestly higher on and Screen Holdings are both up more than Tuesday, extending gains from the previous two sessions, 1% in the tech sector, while is up 0.4 with the benchmark Nikkei index breaking above the percent. 28,000 mark, ignoring the surge in coronavirus delta variant infections during the ongoing Tokyo Olympics. Mitsubishi UFJ Financial is up nearly 2%, Sumitomo Financial is up over 1%, and Mizuho Financial is The index rose 0.49 percent to 27,970.22 at up 0.3 percent in the banking sector. the end of the day. Since July 16, it hasn't closed above 28,000 points. The major exporters are up, with and each gaining nearly 1%, gaining 0.1 The Topix index as a whole rose 0.64 percent to 1,938.04. percent, and Canon gaining 0.4 percent. Stocks linked to the global economic recovery Rakuten Group, on the other hand, is down nearly 8%, outperformed, with the Topix value index climbing 0.79 while Sumitomo Dainippon Pharma and Kyowa Kirin are percent vs the growth index rising 0.5 percent. both down more than 2%. Airlines rose the most among Topix sub-sectors, rising 3.29 percent. Non-ferrous metals came in second with a On Tuesday, the US dollar is trading in the lower 110 yen 2.09 percent gain, followed by iron and steel with a 1.74 range in the currency market. percent gain. In the Olympic skateboarding competition, Momiji Sumitomo Metal Mining Co topped advances on the Nishiya becomes 's youngest gold medalist at the Nikkei, rising 4.49 percent. age of 13. Yui Ohashi swims to gold in women's 400- meter individual medley. SoftBank Group, the market's largest company, is down 0.2 percent. while Uniqlo operator is up Tokyo reports 2848 new Coronavirus cases on Tuesday. nearly 1%. and are both up nearly 1% in the auto industry.

Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

Mitsubishi Motors Corp. ¥303.00 6.32% Sumco Corp. ¥2,556.00 -3.51%

Nisshin Seifun Group Inc. ¥1,799.00 4.47% SoftBank Group Corp. ¥6,840.00 -3.50%

Nissan Motor Co. Ltd. ¥589.30 3.11% Sumitomo Dainippon ¥2,161.00 -2.92% Pharma Co. Ltd.

Nippon Steel Corp. ¥1,884.00 2.09% M3 Inc. ¥7,344.00 -2.55%

Sony Group Corp. ¥11,270.00 1.99% Co. Ltd. ¥8,110.00 -2.41% Japan Market Outlook - 28 July 2021

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