Market Outlook- 12 July 2021

On Friday, the announced that Machinery manufacturers led the way down with a 1.31 around 30% of the equities listed on its main sector do not percent drop, followed by rubber product manufacturers match new standards that will take effect in April on the with a 1.02 percent drop. rebranded "primary market." On ThursdayJapan imposed emergency measures in The TSE is contemplating the most significant Tokyo, which will last for the duration of the Olympics, reorganization of 's stock markets in years, with forcing the organizers to hold the event without stricter listing standards to encourage corporations to spectators. improve their governance and profits. Concerns that a state of emergency declared to combat a new wave of COVID-19 infections could stifle the The Index fell 177.61 points, or 0.6 percent, to country's economic recovery have pushed Japanese 27,940.42, while the broader Topix index declined 0.4 stocks lower for a third day. percent to 1,912.38. After dropping as much as 5.5 percent, restaurant The broader Topix dropped 0.41% to 1,912.38. operator Global-Dining gained 0.62 percent. Global- By 2025, shares with a trading market capitalization of less Dining filed a complaint against the Tokyo government than 10 billion yen will be excluded from the TSE's Topix earlier this year, alleging that the government's order to index, which comprises all of the almost 2,200 businesses close restaurants was unconstitutional and not based on listed on the mainboard. scientific data.

Companies in the “prime market” must have a free-floating The total Coronavirus Cases reported as 818,690 active market capitalization of more than 10 billion yen ($90 cases, Deaths 14,948 and Recovered 784,992. million) and a free float of at least 35 percent, according to the new rule.

Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

Fanuc Corp. ¥27,195.00 5.28% Co. Ltd. ¥10,230.00 -4.35%

Japan Steel Works Ltd. ¥2,818.00 5.19% Central Japan Railway Co. ¥17,190.00 -0.78%

Yaskawa Electric Corp. ¥5,660.00 4.62% ANA Holdings Inc. ¥2,725.50 -0.64%

Furukawa Electric Co. ¥2,783.00 4.04% Ltd. West Japan Railway Co. ¥6,511.00 -0.47%

OKUMA Corp. ¥5,400.00 3.85% East Japan Railway Co. ¥8,073.00 -0.47% Market Outlook- 12 July 2021

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