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Japan is weer terug

251 Posts
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  1. [verwijderd] 30 september 2005 08:50
    Stocks: Opened Higher, But Soon Gave Up Gains

    TOKYO (Kyodo)--Stocks opened higher on the Tokyo Stock Exchange on Friday tracking strong gains on Wall Street overnight, but soon gave up earlier gains after a closely watched government industrial output report showed a weaker-than-expected reading.

    In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 11.60 points, or 0.09 percent, to 13,605.64. The broader Tokyo Stock Price Index of all First Section issues was down 9.58 points, or 0.67 percent, to 1,418.55. The Second Section also declined.

    The Ministry of Economy, Trade and Industry said shortly before the market opened that Japan's industrial production rose a seasonally adjusted 1.2 percent in August from the previous month, compared with a projected 1.7 percent rise by private economists polled by Kyodo News.

    The notable decliners were steelmaker, oil, gas and electric power, insurance and bank shares. Precision machinery and mining issues were among major gainers.

    Buy orders placed before the opening by foreign brokerages topped sell orders for the second straight trading day, according to brokers.

    In New York on Thursday, the Dow Jones Industrial Average rose 79.69 points, or 0.76 percent, to 10,552.78. The Nasdaq Composite Index gained 25.82 points, or 1.22 percent, to 2,141.22.

    On Thursday, the Nikkei jumped 181.33 points, or 1.35 percent, from the previous day to 13,617.24, its highest finish since May 29, 2001.

    The TOPIX gained 26.66 points, or 1.90 percent, to reach 1,428.13, its highest close since May 7, 2001.
  2. [verwijderd] 30 september 2005 10:16
    Stocks: End Down; Profit-Taking Hits Steel, Oil Cos

    TOKYO (Dow Jones)--Caution over the breakneck speed of the recent Tokyo stock rally combined with soft industrial production data to push shares lower Friday, with steel makers, oil and banking-sector issues among major losers.

    Itochu, Marubeni and other high-flying trading firms fell after Merrill Lynch cut its ratings on their shares, warning that a correction may be looming.

    But market players remained mostly upbeat and dismissed the pullback today as a necessary evil in a bull market.

    "This is a healthy development," said Norihiro Fujito, equity strategist at Mitsubishi Securities, referring to the heavy profit-taking that hit steel makers.

    Some blue-chip large-volume shares like Sumitomo Metal Industries have soared to levels that can't be explained by earnings, he said.

    After adding as much as 54% in the past nine days of gains, Sumitomo Metal, the heaviest-traded issue on the Tokyo Stock Exchange's First Section, sank 8.5% to Y398.

    The Nikkei 225 Stock Average shed 42.94 points, or 0.3%, to 13574.30 following a 181.33-point rise Thursday. The Topix index of all the Tokyo Stock Exchange First Section issues lost 15.85 points, or 1.1%, to 1412.28 after adding 26.66 points Thursday.

    Before the market opened, the government said Japanese industrial production rose 1.2% on month in August, slightly lower than the market consensus of 1.7% growth. The data chilled market sentiment somewhat, traders said.

    Among shares beaten by profit-taking, Nippon Steel dropped 5.8% to Y426, Kobe Steel plummeted 10.2% to Y345, Nippon Oil shed 7.1% to Y1,005, and Resona Holdings lost 3.6% to Y293,000.

    However, the market's downside was limited as bargain-buying helped largely ignored high-tech stocks after gains in their U.S. counterparts overnight and robust chip investment plans announced by Samsung Electronics, traders said.

    Trading activity was active, given dealers' position-squaring before the close of the fiscal first-half today, a trader said.

    Trading volume on the TSE's First Section came to an estimated 3.040 billion shares, down from 3.605 billion yesterday, which was the second-largest in history. In value terms, turnover dropped to Y3.041 trillion from a historical high of Y3.284 trillion yesterday.
  3. [verwijderd] 30 september 2005 12:03
    Japan viel dus uiteindelijk toch weer terug na de spurt vlak voor sluit gister. Die spurt werd vandaag vlak na opening meteen ingeleverd, vervolgens weer recht getrokken, om bij sluit toch weer te worden ingeleverd. Soortgelijke patronen de dag na een eindspurtje is me al vaker opgevallen. De schade bleef echter beperkt tot -43pnt. Dat tikje kon wel opgevangen worden, na de stijgingen van afgelopen weken.

    Nu is het afwachten wat er komende week gaat gebeuren. Maandag is daarbij de belangrijkste dag lijkt mij, die dag zou weleens de rest van de week kunnen gaan bepalen.

    In de berichten uit Tokyo die MoneyHoneyMaker post (bedankt nogmaals) klinkt toch wat twijfel door. Dat is niet gek. Hoe lang kan de stijging nog doorzetten voor te gaan corrigeren? Ik heb vaker meegemaakt (in mijn prille leventje als redelijk actieve belegger) dat een aandeel of index geen noemenswaardige weerstand op zijn weg zou hebben, maar er uiteindelijk 'zelf' een wist te creeeren. Zou dat ook bij de Nikkei gebeuren?

    De vraag van de buitenlandse investeerders overtrof voorbeurs nog steeds ruim de verkoopdruk tgv winstnemingen. De vraag is nu of we komende week gaan corrigeren omdat er wat onzekerheid in de markt is geslopen of dat we weer vrolijk verder gaan. De laatste optie lijkt mij het meest waarschijnlijk, ik zie geen noemenswaardige signalen die het tegendeel zouden bevestigen (een paar tegenvallende cijfers brengen de Nikkei niet van zijn stuk). Winstnemingen zijn gedaan, en reken maar dat er veel winst genomen is, echter zoals gezegd bleef de schade zeer beperkt. Ik zou zeggen: UP de komende week, wie weet corrigeren we inderdaad pas boven de 14500. Mocht de Nikkei corrigeren, dan kan de Nikkei zo een paar dikke procenten inleveren. Op CNBC wisten ze vanochtend te melden (toen ik nog lodderige ogen van de slaap had), dat er nog 'genoeg' investeerders van buiten japen in willen stappen.

    Niet populair bij iedereen, hij zit er vaak naast voor wat betreft de AEX, maar ik wil jullie toch attenderen op een m.i. degelijke Nikkei-analyse van Guy Boscart.

    www.usmarkets.nl/modules.php?name=New...

    Hij heeft het in zijn artikel ook over het vullen van een gap. Volgens J. Murphy (wiens 'TA-bijbel' ik momenteel aan het lezen ben) is het zeker niet zo dat een gap gevuld moet worden. Komt het even goed uit dat ik net iets meer vertrouwen heb in Murphy dan in Boscart.

    Sayonara,

    Ralph
  4. [verwijderd] 30 september 2005 13:06
    Friday, September 30, 2005




    Stocks: Down On Concern Over Soft Industrial Output Data

    TOKYO (Kyodo)--Tokyo stocks ended lower Friday for the first time in three days on concern over their recent sharp rise and weaker-than-expected August industrial output data.

    The 225-issue Nikkei Stock Average fell 42.94 points, or 0.32 percent, to 13,574.30. The index rose above the 13,600 line Thursday for the first time in four years and four months.

    The Tokyo Stock Price Index of all First Section issues on the Tokyo Stock Exchange lost 15.85 points, or 1.11 percent, to 1,412.28, after climbing 1.9 percent to its highest finish since May 2001.

    The Tokyo market opened strong, with both key indexes rising as they tracked advances on the U.S. stock markets -- the Dow Jones Industrial Average rising 0.76 percent and the Nasdaq Composite Index 1.22 percent.

    The indexes soon lost the early gains. The TOPIX hovered in the minus column most of the day and the Nikkei moved in and out of positive territory before ending lower.

    Brokers said investors were disappointed to see the soft industrial output report as they had hoped it would provide positive figures to reinforce market confidence in Japan's economic recovery, ahead of Monday's release of the closely watched Bank of Japan Tankan business sentiment data.

    Shortly before the opening, the Ministry of Economy, Trade and Industry said Japan's industrial production rose a seasonally adjusted 1.2 percent in August from the previous month, less than the 1.7 percent rise private economists polled by Kyodo News had projected.

    ''(The industrial output data) failed to become a new positive factor,'' said Yumi Nishimura, manager of Daiwa Securities SMBC Co.'s equity planning and administration department.

    Nagayuki Yamagishi, a strategist at UFJ Tsubasa Securities Co., said there may be a change in the recent uptrend after a series of economic events, including the Tankan business sentiment survey, following the industrial output data and Friday's end of the first half of fiscal 2005.

    The market is ''likely to undergo a correction phase for the near term'' after the recent sharp rise, he said.

    Trading volume on the TSE's main section came to 3,040.24 million shares against Thursday's 3605.24 million.

    Decliners outnumbered advancers 1,111 to 461, with 87 shares ending unchanged.

    The notable losers were steelmakers while high-tech issues, which seem to be lagging behind other sectors, performed solidly.

    Sumitomo Metal Industries and Nippon Steel -- one of the strongest performers in recent sessions -- saw their winning streak snapped.

    Sumitomo Metal Industries, the volume leader, fell 37 yen to 398 yen after rising more than 65 percent in September through Thursday.

    Nippon Steel, the second most active stock in terms of volume, fell 26 yen to 426 yen after rising about 38 percent this month through Thursday.

    Precision and electric machinery shares were bought, with Tokyo Electron up 160 yen to 6,030 yen and Advantest climbing 420 yen to 8,800 yen.

    Softbank was the most heavily traded issue in terms of value, down 100 yen to 6,300 yen.

    Sumitomo Forestry lost 119 yen to 1,151 yen after saying Thursday it has lowered its group pretax profit estimate for the current fiscal year through March 2006 by 25 percent from its May projection to 9 billion yen.

    The TSE's Second Section index rose 8.17 points, or 0.20 percent, to 4,073.46 on a volume of 153.28 million shares. In Osaka, the near-term December Nikkei 225 index futures contract lost 80 points to 13,560.
  5. [verwijderd] 30 september 2005 20:06
    De Japanse beurs (Nikkei 225 index) ligt er technisch bezien nog steeds prima bij. De index vormt zowel op de korte als op de wat langere termijn hogere toppen en bodems. Dit signaleert koopkrachtige vraag. De opwaartse koershiaten (gaps) signaleren flink wat vraag onder beleggers. Op naar de 14.550,00 punten zou ik zeggen.
  6. [verwijderd] 1 oktober 2005 23:34
    Let vooral op de middelste alinea's over Japan

    Europese staatsobligaties hoger gesloten
    WOENSDAG 28 SEPTEMBER 2005 19:39

    AMSTERDAM (Dow Jones)--Europese staatsobligaties hebben zich aan het einde van de dag hersteld, na een negatief begin door een massale verkoop van Japanse staatsobligaties.

    De tienjarige bundfuture voor december sloot 7 basispunten hoger op 122,84. De Duitse bundfuture is een 'standaardtermijncontract' op een mandje van de tien meest recente tienjarige staatsleningen in Duitsland.

    Beleggers kwamen in actie om hun posities af te dekken nadat de verkoop van duurzame goederen in de VS in augustus veel hoger uitviel dan verwacht, met een stijging van 3,3% in plaats van 0,5%. Dit resulteerde echter niet in een daling van de staatsobligaties. 'Ik denk dat de markt iets te sterk had gereageerd op de massale verkoop van vanmorgen en toen de macrocijfers uit de VS geen beweging veroorzaakten, kwam de 'short-covering' in het spel', zei een Britse obligatiehandelaar.

    De obligaties kregen na opening een douw omlaag van de traditioneel strenge Mikayo Suda van de Bank of Japan, die zei dat het huidige monetaire beleid van kwantitatieve vermindering op zijn einde loopt.

    Een verlaging van de rente naar een nulniveau zou de volgende stap zijn, aldus Suda, die de beleidswijziging mogelijk nog voor maart 2006 verwacht, wanneer haar termijn bij de Bank of Japan afloopt.

    Suda's uitspraken versterken het vermoeden bij beleggers dat het Tankan-rapport volgende maandag een grote verbetering in het Japanse ondernemerssentiment zal laten zien.

    'Het feit dat Japan eindelijk lijkt te herstellen is goed voor de economische groei in de wereld en daarmee slecht voor staatsobligaties in de hele wereld', zei Nick Stamenkovic, een obligatiestrateeg bij RIA Capital Markets in Edinburgh.

    De bunds, die de laatste dagen onder druk stonden van streng commentaar van de Europese Centrale Bank, bereikten vandaag een dieptepunt van 112,43 (-0,34).

    Vooruitblikkend zal de markt zich donderdag richten op de Duitse werkloosheidscijfers voor september. Economen verwachten dat het percentage werklozen is afgenomen van 11,6% naar 11,5%.

    Verder publiceren Spanje en Belgi&235; donderdag hun inflatiecijfers, die een aanwijzing kunnen zijn voor de inflatiecijfers voor de eurozone op vrijdag. Veel beleggers verwachten dat de hoge olieprijzen de inflatie hebben opgedreven.

    Dow Jones

    fd ook:

    ...

    We zien aan de ontwikkeling in Japan dat beleggers een definitieve uitbraak boven een zeer belangrijk weerstandsniveau op de juiste waarde weten te waarderen. Er wordt op het moment erg veel nieuw geld in de Japanse beurs geïnvesteerd.

    Vanochtend werd bekend dat de Japanse detailhandelsverkopen voor het eerst in een groot aantal maanden weer substantieel gestegen zijn door stijgende lonen en bonussen. De Nikkei eindigde weer 1,3 procent hoger op 13.617, mede door grote interesse in de Japanse banken en Nippon Steel.

    Beleggers anticiperen op een zeer positief Tankan rapport aanstaande maandag wat wordt opgemaakt door de Bank of Japan en een barometer is van het sentiment onder Japanse bedrijven. Premier Koizumi zorgt met zijn radicale hervormingsplannen voor een opleving van het sentiment en nieuwe groeiperspectieven in de tweede economie ter wereld

    ...
  7. [verwijderd] 1 oktober 2005 23:43
    ..en

    Bank of Japan's Sept Tankan survey to show slight gain among big cos - report

    TOKYO (AFX) - The Bank (NASDAQ: TBHS - news) of Japan's Tankan survey for September, due out on Monday, will likely show a slight improvement over the June survey in the diffusion index of business sentiment among major manufacturers, according to a the results of poll of research houses conducted by the Asahi Shimbun.

    The newspaper said 11 private-sector research institutes forecast, on average, that the September diffusion index for major manufacturers will stand at 20 points, two points higher than in June. This would be the second consecutive gain, the newspaper said.

    The forecasts for the September index range from 19 points to 23 points. The average of projections for the diffusion index of business sentiment among major non-manufacturers was 17 points, three points more than in June, the newspaper said.

    tot slot:

    Japan's Tankan Business Confidence Probably Rose in the 3rd Qtr
    Sept. 28 (Bloomberg) -- Confidence among Japan's largest manufacturers probably rose for a second quarter, suggesting the world's second-largest economy may sustain its expansion, economists said before the central bank's Tankan survey.

    The quarterly index of confidence probably rose to 20 points in September from 18 points in June, according to the median of 28 forecasts in a Bloomberg News survey. Confidence among non- manufacturers probably rose to 17, the highest since 1992. The Bank of Japan is due to release the survey at 8:50 a.m. on Oct. 3. A positive number means optimists outnumber pessimists.

    Expansion by companies such as Tokyo Steel Manufacturing Co. and Nissan Motor Co. is creating jobs, and fueling consumer spending demand and corporate earnings growth in Japan, which accounts for about half of Asia's $9.66 trillion economy. Optimism that growth will be sustained has spurred the Nikkei 225 Stock Average to near its highest in more than four years.

    ``Brace for a strong BOJ Tankan,'' Jesper Koll, chief economist for Japan Merrill Lynch & Co. wrote in a report. ``Japan is in a sweet spot of accelerating growth, rising profit and low inflation.''

    Japan's economy expanded at an average annual pace of 4.6 percent in the first six months of this year, the fastest in 15 years. That growth is fueling profits at companies including Mizuho Financial Group Inc., the nation's biggest bank by assets, and fueling share price gains.

    Japan's Nikkei 225 yesterday closed at 13,310.04 points, less than 1 percent from the highest since June 8, 2001. Shares of Mizuho, whose first-quarter profit rose 15 percent, closed at a record on Monday.

    Spending

    The Tankan, which means short-term economic outlook, surveys more than 10,000 companies and is the most closely watched index of business confidence in Japan. It asks companies about the outlook for business including sales, profits, spending and employment. Large companies are those with 1 billion yen ($8.9 million) or more in capital.

    An increase in sentiment may encourage manufacturers to keep spending, economists said. Large manufacturers will probably say they plan to boost spending 17 percent in the year that ends March 31, 2006, nearly triple the 6.1 percent they predicted in the June survey. All large companies will probably spend 10 percent more this year.

    Tokyo Steel, Japan's largest electric-furnace steelmaker, said this month it is planning to build a factory near Toyota Motor Corp.'s car assembly in central Japan to make steel sheets and other metal products.

    Domestic Demand

    Nissan Motor, Japan's second-largest automaker, said two days ago it will spend 5.1 billion yen expanding its engineering facilities in Zama City, south of Tokyo.

    ``The resilience in the recovery of domestic demand is supporting confidence,'' said Yasuo Yamamoto, a senior economist at Mizuho Research Institute in Tokyo.

    A separate survey conducted by the Ministry of Finance and Cabinet Office released on Sept. 26 showed that manufacturers were optimistic for the first quarter in four. The government's survey doesn't have a significant correlation with the BOJ's Tankan but does signal that corporate sentiment is improving, economists said.

    Most of the Tankan responses are sought in September, making it the most up-to-date survey of business sentiment in Japan. The responses for the government's survey are received by Aug. 25.

    Land Prices

    Confidence among retailers, realtors and other service providers probably rose to 17 points from 15 points, economists surveyed said. A rise in wages and increase in full-time employment have boosted consumer spending, which is growing at its fastest pace in a decade.

    Land prices rose in central Tokyo for the first time since 1990 in the year ended July 1, and spread to outlying districts of the city, the government said this week.

    Surging fuel prices may be a risk to manufacturers' sentiment in coming months, according to Mizuho Research's Yamamoto.

    ``We can't expect drastic improvements going forward as rising energy costs hurt profits,'' he said.

    About 40 percent of companies from paper, pulp, textile and industries that rely on oil products said their profits will be ``severely affected'' by the rising cost of crude, according to a survey released by the Ministry of Economy Trade and Industry on Sept. 20. That's up from 30 percent in the previous survey carried out in June and July.

    Dubai crude oil, a benchmark for Asian refiners, closed at a record $60.03 per barrel on Sept. 1 and has gained 71.5 percent this year. It averaged $56.63 per barrel last month, up 48 percent from the same month a year earlier.

    Confidence among non-manufacturers will probably be unchanged in December and manufacturers' confidence will probably rise to 22 points, economists said.
  8. [verwijderd] 3 oktober 2005 09:12
    Stocks: Fall In Row 1st Time Since Mid-august On Soft Tankan

    TOKYO (Kyodo)--Tokyo stocks fell Monday for the second straight trading day for the first time since mid-August, as the Bank of Japan's quarterly Tankan survey failed to reinforce the upbeat outlook for the Japanese economy, triggering strong selling of domestic demand-related shares such as those of major banking groups.

    The 225-issue Nikkei Stock Average fell 49.02 points, or 0.36 percent, to 13,525.28. The Tokyo Stock Price Index of all First Section issues on the Tokyo Stock Exchange lost 1.00 point, or 0.07 percent, to 1,411.28.

    Although the Tankan results did not cause a major shock, investors unloaded domestic demand-related shares seen as overvalued in the belief they had contributed enough for the key Nikkei index's 9.8 percent strong gain in September, brokers said.

    The survey, released before the market opened on the first trading day of the current fiscal year's second half, said business confidence among major Japanese manufacturers improved in the three months to September for the second straight quarter.

    The Tankan's headline index for major manufacturers came to 19, up from 18 in June, but it was a touch lower than the average of 20 projected by 25 private-sector economists in a recent Kyodo News poll.

    Noting that large manufacturers forecast their sentiment to fall to 18 by December, analysts said the Japanese economic outlook is not as high-spirited as market participants had thought.

    ''Investors were raising expectations too high for Tankan,'' said Yutaka Miura, deputy head of Shinko Securities Co.'s equity information division. ''With regards to the future course of the economy, the survey found that Japanese companies were not as overly optimistic as market players had been.''
  9. [verwijderd] 3 oktober 2005 09:40
    I heb ze verkocht. Zeer aardige winst. Ik koop eventueel wel weer de nieuwe serie, maar eerst even het koersverloop afwachten de komende dagen. Onder de 13680-13690 hoef ik ze niet (tenzij ze echt heftig corrigeren).

    Maar dat ik binnenkort weer long zal zitten in de Nikkei, die kans is groot.

    Mvg,

    Ralph
  10. [verwijderd] 3 oktober 2005 19:41
    Nee ik vind het prima om even een terugval te maken dat hoort er bij maar wie weet kan het alleen maar omhoog en dat wil ik niet missen natuurlijk! En volgens mij krijg ik eindelijk een keer gelijk! De Nikkei zal wellicht vannacht nog een stukje dalen maar daarna gaat het gewoon weer omhoog!
251 Posts
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