【Today's Market】April 1 | On the risk-on with a broad rise, the next turning point is "10:00 tomorrow"
In Tokyo on April 1, as the new fiscal year begins, buying led the way.
The Nikkei Stock Average rose sharply by 2,675 points from the previous close to 53,739 yen, ending the session near the high.
In the prior US market,the Dow Jones Industrial Average・the Nasdaq Compositeboth rose significantly.
In particular, the Dow exceeded 1,100 points, and the entire market shifted rapidly toward risk-on.
Behind this was a combination of factors suggesting a retreat of geopolitical risks.
・President Trump's remark that the war could end in 2–3 weeks
・Iranian president's statement that there is willingness to end the war
that reinforced this outlook.
Following this trend, the Tokyo market also
saw all 33 sectors advance, a broad-based rise.
On an individual basis,
・TSMC (Kioxia? reads as Kyokushia) rose 14% on volume
・Advantest rose 10%
・Banking stocks, with Mitsubishi UFJ Financial Group up 8%
・In non-ferrous, JX Nippon Mining & Metals rose 11%
and funds flowed into the major stocks,
creating a strong market mood that fed further buying.
However, there are points to be cautious about.
Crude oil prices remain around $100 per barrel,
and inflationary pressures and geopolitical risks have not entirely diminished.
◆ Today's Market Wrap
・Nikkei average up sharply by 2,675 to 53,739
・US markets saw Dow and Nasdaq surge
・Trump remarks and Iran statements accelerated risk-on
・All 33 sectors rose, a broad-based advance
・Semiconductors, banks, and non-ferrous materials led the gains
・Crude oil remained around $100
◆ Investor Notes
Today's gain is likely a self-correcting rebound following four days of sharp declines.
In other words, while the rise is strong, it is premature to declare the start of a new uptrend.
What will be important here is
?Tomorrow, the Trump speech around 10:00 Japan time
The content of this speech could determine
・whether the risk-on trend continues
・whether geopolitical risks re-emerge in focus
and could significantly change the market direction.
Should you chase today's gains,
or wait to see?
This is a pivotal event for gauging the market’s future.
Currently,
・immediately after a strong rise
・ahead of an event with considerable uncertainty
represent the most challenging moments for judgment.
? "Move after seeing tomorrow's results"
? "Lighten positions and prepare"
Such options are also quite reasonable.
This timing could become the next trend’s turning point.
Take your time and consider how to act afterward.