Japan Market Outlook- 22 June 2021

Market Outlook- 22 June 2021 On Monday, Japanese stocks fell to their lowest level in Japanese corporations are already speeding up vaccine four months, mirroring a sell-off on Wall Street last week rollouts for their staff, Japan needs to establish its own sparked by new comments from a Federal Reserve consistent reason for a market resurgence. A consistent official that the US central bank may raise interest rates vaccine deployment could be a crucial factor in the sooner than expected. resuscitation of the economy. With the exception of airlines, heavy selling was evident Ahead of the Olympic Games, Japanese corporate giants across almost all sectors in Japan, with all 33 industry are embracing the country's COVID-19 immunization sub-indices on the Tokyo Stock Exchange trading down. program. The Nikkei stock average fell 3.29 percent, the most The decliners were led by rubber products, chemicals, since February 26, to settle at 28,010.93, after hitting its and insurance issues, while air transportation issues lowest level in a month. The Topix index as a whole fell defied the trend. 2.42 percent to 1,899.45, its lowest level in four months. As the US currency slid into the upper 109-yen area amid Heavyweights in the index fell, with Uniqlo owner Fast safe-haven demand, exporters Toyota, Panasonic, Sharp Retailing falling 4.35 percent. Corp, and Honda Motor lost 2-4 percent. Tokyo Electron was down 4.02 percent, Advantest was Toyota Motor to telecom giant SoftBank Group are setting down 4.49 percent, and Shin-Etsu Chemical was down up clinics in a massive private-sector vaccination drive, 5.74 percent, all of which brought the Nikkei down. which will begin on Monday. The Japanese stock market is overreacting. First and foremost, rate hikes are evidence of a strengthening economy. According to Shuji Hosoi, a senior strategist at Daiwa Securities, Top Gainers Top Losers Company Last Price Change% Company Last Price Change% Kawasaki Kisen ¥3,495.00 0.87% Kaisha Ltd. T&D Holdings Inc. ¥1,390 -6.27% Nisshinbo Holdings ¥914.00 0.66% Toyota Tsusho Inc. ¥5,060.00 -5.77% Corp. Nissan Chemical Eisai Co. Ltd. ¥12,150.00 0.62% ¥5,240.00 -5.76% Corp. Nippon Sheet Glass ANA Holdings Inc. ¥2,713.00 0.61% ¥590.00 -5.75% Co. Ltd. Shin-Etsu Chemical Sony Group Corp. ¥10,540.00 0.38% ¥18,060.00 -5.74% Co. Ltd. Market Outlook- 22 June 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.

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