Japan Agricultural Cooperatives Group

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Japanese and South Korean stock markets opened and closed higher on May 7. The Nikkei 225 index rose by 3320.72 points (5.58%) to a record high of 62833.84 points, while the KOSPI index increased by 105.48 points (1.43%) to 7490.04 points.

CoinLive

Asset Management One Co., Ltd.

BlackRock, Inc.

Direxion Daily Korea Bull 3x Shares ETF

ISHRS MSCI S Korea Capped

Nomura Holdings, Inc.

Mitsubishi UFJ Financial Group, Inc.

Pro Ultrshrt Yen

Japanese and South Korean stock markets opened higher and closed higher, with Japanese stocks continuing to hit new highs.

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Asian stocks opened May positively, following Wall Street's strong performance. The Nikkei 225 rose 0.38% to 59,513.12, amid concerns of potential Japanese government intervention in the currency market. Australia's S&P/ASX200 increased 0.74% to 8,729.80, buoyed by strong PMI data from China. The NZX 50 gained 1.1% to 13,039.20. Notable gainers included TOTO and Liontown Resources, while Alps Alpine and Serko faced declines. Wall Street's indices also closed positively, with the Dow Jones up 1.6%.

nasdaq

Liontown Resources Limited

Alps Alpine Co., Ltd.

TOTO Ltd

State Street Corp.

Asian Stocks Start May On A Positive Note

Investors in Asia will also look toward the Fed decision on Wednesday night stateside, which will come after the country's May inflation report on Wednesday

Australia and Japan markets set to climb, looking past Iran war escalation fears

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Hitachi, Ltd. (TSE:6501) reported annual earnings with revenues of JP¥11t and earnings per share of JP¥177, aligning with analyst expectations. Analysts predict revenues will remain at JP¥11t in 2027, reflecting a 6.7% growth, while earnings per share are expected to rise 15% to JP¥206. Despite a minor downgrade in earnings forecasts, the consensus price target remains at JP¥5,900. Analysts expect Hitachi's growth to match industry trends, with a forecasted annual growth rate of 6.7%. Overall sentiment has declined slightly post-results, but long-term growth remains a focus for investors.

Simplywall

Hitachi,Ltd.

Hitachi

Hitachi, Ltd. (TSE:6501) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?

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Markets are anticipating a 70% probability of a rate hike by the Bank of Japan at its April meeting, as indicated by Tomohisa Fujiki of Citi Research. This expectation has caused the 10-year Japanese government bond yield to rise by 2 basis points to 2.400%, the highest level since February 1999.

ISHRS MSCI Japan

Samsung Life Insurance Co., Ltd.

Bank of Japan Rate Hike Probability Rises to 70% for April Meeting

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Toyota Motor Corporation plans to join Daimler Truck and Volvo Group as an equal shareholder in the fuel cell joint venture, cellcentric. The collaboration aims to develop and commercialize fuel cell systems for heavy-duty vehicles, leveraging the strengths of all three companies. This partnership is seen as a significant step towards advancing hydrogen technology in transportation and supporting the decarbonization of the industry. The joint venture will operate independently while the companies will continue to compete in other areas of their businesses.

- Daimler Truck AG, Volvo Group, and Toyota Motor Corporation have signed a non-binding agreement to collaborate in a fuel cell system joint venture called cellcentric.  
- The companies aim to combine their expertise to develop, produce, and commercialize fuel cell systems for heavy-duty vehicles, with an intention to enhance hydrogen technology's role in decarbonizing transport.  
- The partnership, which emphasizes equal shareholding and independence in other business areas, seeks to address common challenges and support the hydrogen supply and infrastructure necessary for a sustainable hydrogen society.

Japan Corporate News

Toyota Industries Corp.

Toyota

Volvo

Daimler AG

Toyota Motor Corp.

Toyota Motor Corporation ADRhedged

Toyota Motor

Toyota Motor Corporation aims to join Daimler Truck and Volvo Group as equal shareholder in the fuel cell joint venture cellcentric

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Japanese stocks fell significantly this morning, with the Nikkei average index dropping to 50,688 points at one point, marking a nearly three-month low, and the half-day decline narrowing to 1,790 points or 3.4%. The market is concerned about the escalation of the US-Iran conflict and rising oil prices, which have triggered inflation worries. Heavy selling pressure was seen in heavy industry, metals, and shipping stocks, with significant declines in stocks such as Mitsubishi Heavy Industries, JX Metals, and Nippon Yusen

AASTOCKS

ChinaAMC Nomura N225 ETF(QDII)

Mitsubishi Heavy Industries, Ltd.

ICBCCS Daiwa N225 ETF(QDII)

Sany

Azuma Shipping Co., Ltd.

CSOP NIKKEI225

Nippon Yusen Kabushiki Kaisha

"Asian Stocks" Nikkei fell 1,790 points or 3.4% in half a day, hitting a nearly three-month low, with heavy selling pressure on industrial, metal, and shipping stocks

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Overseas investors turned net sellers of Japanese stocks for the first time last week, with a net sell-off of approximately 491 billion yen (3.1 billion USD), marking the largest single-week sell-off since September last year. Market concerns about the impact of rising oil prices on the Japanese economy have led to poor performance in the Japanese stock market. The Nikkei index rose 17% in the first two months of this year but has since fallen 9.3% since the conflict in Iran

FL2 CSOP NIKKEI

Overseas investors net sold approximately 491 billion yen of Japanese stocks last week, the first time this year

Japan Agricultural Cooperatives Group(2526.JP)