The Tokyo stock market opened on the 4th, with panic selling leading to panic selling in the morning due to concerns about the impact of the Noto Peninsula earthquake that occurred on the 1st. After that, he seems to have regained his composure.
In the manufacturing industry, Murata Manufacturing Co., Ltd. (Murata Manufacturing Co., Ltd.) temporarily fell by 5.5% due to concerns about the damage situation at group companies Anamizu Murata Manufacturing Co., Ltd. and Wakura Murata Manufacturing Co., Ltd. KOKUSAI ELECTRIC was sold down 9% from the previous year due to some damage to the Toyama plant’s facilities. In the financial sector, Hokuhoku Financial Group, which owns Hokuriku Bank, fell 3.1% year on year.
In addition, Hokuriku Electric Power Co., which announced power outages in the prefecture, fell 7.9%, and Tokyo Electric Power Company Holdings fell 8.1%. Mizuho Securities Senior Analyst Noriyoshi Shinke analyzed in a report that if Hokuriku Electric Power Co.’s main thermal power plants come to a standstill and unplanned outages become prolonged, it will be necessary to pay close attention to the impact of increased costs for procuring alternative power sources. As for TEPCO HD, attention will also be focused on its impact on local coordination in preparation for restarting the Kashiwazaki-Kariwa nuclear power plant.
However, after a round of selling in the morning, the stock market started to regain some calm. Kokusai E, which announced that it would start normal operations at its Toyama office from the 9th, has been reluctant to drop, and Murata Manufacturing has also seen its decline narrow. Hokuhoku F and Hokuriku Electric also trended slightly lower, while TEPCO HD turned slightly higher. On the other hand, construction stocks had steady price movements from beginning to end due to expectations for reconstruction demand.
Masahiro Ichikawa, chief strategist at Sumitomo Mitsui DS Asset Management, pointed out that in the morning there was heightened vigilance over the impact on supply chains and other areas. On the other hand, it said that the damage caused by this earthquake was limited compared to the Great East Japan Earthquake, and said, “There is a growing calm view that it will not have a serious impact on economic activity over the long term, and buybacks are occurring.” .
2024-01-04 04:25:37
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