I would like to pay attention to the following 3 points in the pre-market transaction on the 17th.

■Investors' interest is drawn to TSMC financial results

■Heartseed, 24/10 upward revised operating loss ▲1.059 billion yen ←▲1.965 billion yen

■Notable materials on the front floor: NTT, NTT East and West Japan drastically reduce response and equipment personnel, expand AI introduction

■Investors' interest is drawn to TSMC financial results

The Japanese stock market on the 17th is likely to have such a strong sense of market development after a round of buying. On the 16th, the NY Dow rose by 337 dollars and the NASDAQ was 51 points higher in the US market. Morgan Stanley had financial results for the 3rd quarter, and strong performance in trading and investment banking operations was well received and became significantly higher, and buying spread to other financial stocks such as Goldman Sachs and JPMorgan Chase Corp. Also, although semiconductor stocks that had declined conspicuously the day before were mixed, NVIDIA was bought, leading to an improvement in investor sentiment. The Chicago Nikkei 225 futures settlement price is 39450 yen, 260 yen higher than Osaka. The yen exchange rate is hovering in the 149-yen 50 yen range per dollar.

Since the Nikkei Stock Average is falling in line with Chicago futures, it seems that buying will take precedence. Yesterday, after starting with a gap reduction, they showed reluctance to decline, and they were aware of their solidity at the 39,000 yen mark. As NVIDIA's rise brightens sentiment, it seems that high-tech stocks will drive the Nikkei Stock Average due to values with a large index impact, where the decline was conspicuous yesterday. Also, as financial results announcements are in full swing in the US, there seems to be a possibility that good financial results have been made one after another, which will further raise financial expectations.

There was also a scene where Nikkei 225 futures temporarily recovered to 39500 yen amid awareness of their solidity around 39100 yen during the night session. The day before, it had broken through the Bollinger Band's +1σ, but now that it has surpassed the same level again, it would have been easier to buy in order to push in. However, even if the night session shows major fluctuations, rebalancing movements are central during the day, and the feeling of stickiness tends to intensify after one rebalance round, so it seems that aggressive movements to chase price increases will be limited.

Also, since price movements related to indices take center stage, it is difficult to handle small and medium-sized stocks. It is likely that funds aimed at short-term price ranges will be concentrated on stocks with individual materials. Also, in the middle of the day, Taiwan Integrated Circuit Manufacturing (TSMC) is scheduled to announce financial results for the fiscal year ending 7-9. Due to the sharp drop in ASML Holdings this time, it is thought that there is a growing interest in TSMC's financial results, so it is important to note that there is a possibility that there is a possibility that it will fluctuate drastically just before closing.

Yesterday's Nikkei Stock Average fell sharply. If the Bollinger Band's +1 σ (39312 yen) seems to function as a support line, it is thought that awareness of mud filling (39362 yen - 39,910 yen) will increase. Therefore, let's wait for a rebound with a stance aimed at push.

■Heartseed, 24/10 upward revised operating loss ▲1.059 billion yen ←▲1.965 billion yen

Heartseed ＜219A＞ announced revisions to its earnings forecast for the fiscal year ending 2024/10. Sales were revised upward from 0.153 billion yen to 0.874 billion yen, and operating losses were revised upward from a deficit of 1.965 billion yen to a deficit of 1.059 billion yen. Development milestones anticipated for the 2025/10 fiscal year were achieved ahead of schedule for the 2024/10 fiscal year under an exclusive technology alliance/license agreement with Novo Nordisk AS covering the entire world. Also, in terms of sales costs and general administrative expenses, test costs, etc. in research and development expenses, cardiomyocyte manufacturing costs, etc. were reduced from expectations.

■Notable materials from the front

・The NY Dow rose (43077.70, +337.28)

・The Nasdaq Composite Index rose (18367.08, +51.49)

・1 dollar = 149.50-60 yen

・Chicago Nikkei futures rose (39450, +260 compared to Osaka)

・The SOX index rose (5155.86, +10.65)

・The VIX Index declined (19.58, -1.06)

・Long-term US interest rates have declined

・Expectations that US inflation will calm down

・Active share buybacks

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

・NTT ＜9432＞NTT East and West Japan drastically reduce response and equipment personnel and expand AI introduction

・Espec ＜6859＞ EV battery dedicated test center next February, compatible with “chassis built-in”

・Fujitsu ＜6702＞ built a platform for countering disinformation, and started development professionals with 9 academia and industry players

・Kansai Electric Power ＜9503＞ Ako Thermal Power will be abolished, next July due to equipment deterioration and low usage

・Sumitomo Shige＜6302＞SCREEN acquisition of French companies, semiconductor devices, overseas sales expansion

・Toho ＜9602＞ acquires US animation production and distribution company

・Taiheiyo Kogyo's ＜7250＞ rice plant has a new press building and increased production of car parts

・Suzuki ＜7269＞ introduces a new coupe SUV, produced in India at a low price

・Kato Seisakusho ＜6390＞ 70-ton rough terrain crane for Asia, robust and low cost

・Sumitomo Heavy Industries ＜6302＞ expands sales of injection machines in Southeast Asia, for pet container lid molding

・Mitsubishi Heavy ＜7011＞Thai Natural Gas Thermal Power Pro's final unit 4 completed

・Sharp ＜6753＞ reproduces the feel with vibrations from electrodes and uses it in VR

・Canon ＜7751＞Canon Anelva flexibly constructs film deposition processes, semiconductor equipment

・IIJ ＜3774＞Cooperation with Uzbek National Communications, internet security

・Sumitomo Mining ＜5713＞ prototype line starts in Ehime, automotive battery cathode material, monthly production of 7,000 tons

・Daio Paper ＜3880＞ develops paper packaging materials for food that complies with rice regulations and proposes them to domestic exporters

・Shimizu Corporation ＜1803＞ Green hydrogen supply at Expo for 2 companies' pavilions

・Sumitomo Mitsui Construction ＜1821＞ Stable communication at construction sites, utilization of tower cranes

・Mitsui Fudosan ＜8801＞ logistics facility, competitive with Nippon Steel Kowa Real Estate with high added value at the site of huge demonstration

・DC/DC converter supplied to Asahi Kasei ＜3407＞ water leak sensor, generating electricity with a few drops of water

・Mitsubishi Chemical G＜4188＞ increases production of ion exchange resins in Fukuoka for semiconductor cleaning

☆ Front office event schedule

＜Domestic＞

・ 08:50 September trade balance (forecast: -316 billion yen, August: -703.2 billion yen)

＜Overseas＞

・ 09:30 Australian unemployment rate for September (forecast: 4.2%, August: 4.2%)

・ 09:30 Australia/September employment increase or decrease (forecast: +0.025 million people, August: +0.0475 million people)