Japan Market Outlook- 07 July 2021
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Market Outlook- 07 July 2021 Despite concerns about COVID-19 variants and Fed On Tuesday's currency market, the US dollar is trading in moves, Japanese stocks rose slightly. The Nikkei 225 the higher 110 yen range. Index rose 45.02 points, or 0.2 percent, to 28,643.21, while the Topix gained 0.3 percent to 1,954.50. According to a government report, the average household spending in Japan increased 11.6 percent year on year in SoftBank Group, a tech-startup investor, rose 1%, while May. This exceeded expectations for a 10.9 percent Daikin Industries, a maker of air conditioners, rose 2.6 increase following a 13.0 percent increase in April. percent. Household spending was down 2.1 percent on a monthly Air transport gained the most on the Topix, gaining 2.8 basis, but that was better than the 3.7 percent drop percent. Following that, oil and coal producers rose 1.8 expected. percent, followed by miners, who rose 1.6 percent. The average monthly income per household was 489,019 Shippers fell the most, down 1%, followed by securities yen, a 2.6 percent decrease year on year. firms, which fell 0.7 percent, and pharmaceutical companies, which fell 0.6 percent. The Japanese government is expected to decide on Thursday whether to extend a state of quasi-emergency The major exporters are mixed, with Sony up more than in Tokyo and three nearby prefectures beyond the original 1% and Canon up 0.5 percent, while Panasonic is down July 11 deadline. 0.5 percent and Mitsubishi Electric is down more than 1%. In the technology sector, Advantest and Screen Holdings are both down 0.3 percent, while Tokyo Electron is unchanged. Mitsubishi UFJ Financial, Mizuho Financial, and Sumitomo Mitsui Financial are all up nearly 1% in the banking sector. Top Gainers Top Losers Company Last Price Change% Company Last Price Change% Yamato Holdings Co. Ltd. ¥3,275.00 2.99% Mitsui E&S Holdings Co. Ltd. ¥547.00 -5.53% CyberAgent Inc. ¥2,358.00 1.38% T&D Holdings Inc. ¥1,414.00 -3.94% Olympus Corp. ¥2,226.50 1.18% Inpex Corp. ¥826.00 -3.62% Nippon Express Co. Ltd. ¥8,240.00 0.98% Asahi Kasei Corp. ¥1,198.50 -3.11% Nippon Light Metal ¥1,881.00 0.70% Holdings Co. Ltd. Kikkoman Corp. ¥6,950.00 -3.07% Market Outlook- 07 July 2021 Disclaimer and General Advice Instructions: This document is provided by Laverne Securities Pty Ltd T/as La Verne Investing the Corporate Authorized Representative No. CAR No. 001269781 of La Verne Capital Pty Ltd AFSL 482937. The Research Analyst who prepared this report/article hereby certifies that the views expressed in this document accurately reflect the analyst’s personal views about the Company and its financial products. The information provided in the Report/Article is provided by Morningstar and FactSet. La Verne Fund is not a fund manager, however, the portfolio and the document is for general advice only, prepared by the Analysts and Research team for our clients. This report/article have Different Assumptions, Views, Analytical Method of the analyst with no guarantee of reliability and accuracy of the content. The Research Analyst has not been, is not, and will not be receiving direct or indirect compensation for expressing the specific recommendations or views in this report/article. La Verne Securities has its own Research methodology, with regards to the rating and is confirmed by the team for long term Strategic rating of the concerned security as an Investment for Portfolios with High Growth High Risk Profile. Individual Stock is Speculative and of High Risk in nature and strongly This Document is provided for the Advisors, their Clients, and Financial Professionals for information only and should not be considered an offer or solicitation of an offer to buy or sell a particular security or financial product or instrument. The information or services provided in this report/article may not be suitable for you and we strongly recommend taking the advice of your Financial Planner or Investment advisors. Laverne Investing will not treat the recipients as its customer by virtue of their receiving the report/article and should seek the advice of their consultant, prior to making any investment decision considering this report/article.