I would like to pay attention to the following 3 points in the pre-market transaction on the 29th.

■High-tech-led development in response to a significant increase from NVIDIA

■AZEAS, 24/4 revised downward operating income 291 million yen ← 536 million yen

■Notable materials from the front: Asahi Kasei acquires Swedish Pharma and expands kidney disease area

■High-tech-led development in response to a significant increase from NVIDIA

The Japanese stock market on the 29th is likely to have solid market developments even though it continues to be at a stalemate. In the US market on the 28th, the NY Dow depreciated by 216 dollars and the NASDAQ was 99 points higher. Sales that were wary of hawkish statements by senior US Federal Reserve (Fed) officials intersected with purchases in the semiconductor sector. In addition to the US consumer confidence index rising for the first time in 4 months in May, interest rate increases were frowned upon due to poor bid results for 2-year bonds and 5-year bonds, and the NY Dow was soft all day long. Meanwhile, reports of NVIDIA that XAI, an AI startup operated by Elon Musk, are purchasing the company's AI chips were well received, and as buying spread to other semiconductor stocks, the NASDAQ hit a new high. Chicago Nikkei 225 futures are 38960 yen, 110 yen higher than Osaka. The yen exchange rate is moving in the 20 yen range of 157 yen per dollar.

It seems that it will start before buying in the form of falling in favor of Chicago futures. The NY Dow has declined, but in response to the trend where NVIDIA has risen drastically, it seems that movements to buy back high-tech stocks with values that have a large index impact, such as East Elec ＜8035＞, Lasertech ＜6920＞, and Advantest ＜6857＞, etc. Nikkei 225 futures moved within the range of the option exercise price of 38750 yen to 39,000 yen during the night session. It was bought up to 38990 yen at one point, and although there is a possibility that people will be aware of the weight of the upper price when it is close to 39,000 yen, it seems that they will take a stance aimed at push.

Yesterday, values had a big impact on the index and the weakness of high-tech stocks became a burden, but there is a possibility that the impact of NVIDIA will lead to sentiment improvement. In addition to being conscious of searching for semiconductor stocks, there seems to be a possibility that individual-based funds aimed at short-term price ranges will be concentrated on AI-related theme stocks. Also, as developments led by high technology are expected, it is relatively easy to be aware of developments with the Nikkei Average advantage, and there seems to be a possibility that profit determination movements will enter into undervalued stocks such as the PBR 1 fold split, where strong price movements were conspicuous the day before.

However, the Nikkei Stock Average continues to move in a narrow range and is moving around the 75-day line. Selling with the aim of waiting for a return close to 39,000 yen is also easy to be aware of, and first, I would like to determine a breakthrough in the immediate resistance level. In a phase where this feeling intensifies, in addition to being directed towards determining profits for high-tech stocks, it will once again develop TOPIX type advantages such as undervalued stocks.

■AZEAS, 24/4 revised downward operating income 291 million yen ← 536 million yen

Azeas＜3161＞ announced revisions to its earnings forecast for the fiscal year ending 2024/4. Sales were revised downward from 9.507 billion yen to 8.242 billion yen, and operating profit was revised downward from 536 million yen to 291 million yen. Currently, business expansion in new businesses, such as the safety and environment equipment field and high-visibility protective clothing and flame retardant protective clothing being tackled as new business areas, is progressing slightly behind. In the healthcare products business, although there is an improvement trend compared to the previous fiscal year for masks made in Japan produced at AZEAS DESIGN CENTER Akita due to improved production efficiency, inventory adjustments are still continuing at retail stores.

■Notable materials from the front

・The Nasdaq Composite Index rose (17019.88, +99.09)

・1 dollar = 157.20-30 yen

・Chicago Nikkei futures rose (38960, +110 compared to Osaka)

・The SOX index rose (5317.87, +96.96)

・US crude oil futures rose (79.83, +2.11)

・Expectations that US inflation will calm down

・Request for improvement of corporate value by the Tokyo Stock Exchange

・NTT ＜9432＞ Cable development that can be laid in road surface grooves without the need for utility poles in optical communication networks

・Toyota's own ＜7203＞ announces new engine under development, 4-cylinder 1500cc/2000cc

・SOMPO ＜8630＞ New Mid-Term Budget Raises ROE to 15% and Expands Overseas Insurance

・Asahi Kasei ＜3407＞ acquires Swedish Pharma and expands kidney disease area

・Sumitomo Corporation ＜8053＞ enters offshore wind support vessels and invests 10 billion yen in Norwegian

・Sale of synthetic leather for interior products as a joint venture with Kyowa Leather ＜3553＞

・Sumitomo Rubber ＜5110＞ tire pressure/temperature detection for trucks and buses, to be released later this year

・Mitsubishi Heavy Industries ＜7011＞ invests 650 billion yen in energy and defense

・Acceleration of zero emissions at Hitachi Construction Machinery＜6305＞ construction sites, EV lab in Chiba

・Mitsubishi Kakki ＜6331＞ Next-Generation Membrane Module Technology Research Association and CO2 Separation Recovery Hydrogen Production Demonstration

・Shimadzu Corporation ＜7701＞ liquid chromatograph analysis software released, 1/4 work time

・Mitsubishi Electric ＜6503＞New low-cost, contactless technology for measuring animal body temperature

・NTT DATA G ＜9613＞ acquires Malaysian company and strengthens cashless infrastructure

・Mitsubishi Electric ＜6503＞ and NTT Com begin providing network anomaly detection with AI and IoT devices

・Canon (7751) partnered with a German company to supply digital printers

・Fujifilm ＜4901＞ fine chemical offensive for pharmaceuticals and semiconductors

・Taisei Corporation ＜1801＞ Tunnel construction, new technology to make spring water pressure measurement safe and easy

・Nippon tungsten ＜6998＞ 50 year stable procurement target for 50% reuse of rare metals

・Mitsui Fudosan ＜8801＞ Participates in pharmaceutical laboratory development in Boston, USA

・Taiheiyo Cement ＜5233＞Mr. Yoshifumi Taura expands base in Southeast Asia and the United States

・TOA Construction Industries＜1885＞2 new experimental buildings were built in Yokohama and Tsurumi, for offshore civil engineering and blue carbon research

☆ Front office event schedule

＜Domestic＞

・ 10:30 Adachi Bank of Japan deliberation committee greeting

＜Overseas＞

・ 10:30 Australian Consumer Price Index for April (year-on-year forecast: +3.4%, March: +3.5%)