In FISCO's market-moving factors report dated 28 October, gains in the Nikkei 225 and US stocks were cited as positive factors for Japanese equities, while rising long-term US interest rates, tariff policy, and concerns over the Chinese economy were also listed as negative factors.
As positive factors, the Nikkei 225 rose to 63,268.37, up 1,078.72 from the previous day. The Dow rose to 52,377.57, up 15.99, the Nasdaq Composite rose to 26,477.81, up 308.43, and the SOX Index rose to 11,482.50, up 399.04. TSE Nikkei 225 futures also rose to 64,410, up 910. Other factors cited included rebalancing demand associated with the regular TOPIX constituent reshuffle and changes in free-float ratios, active share buybacks, and the TSE's call for companies to enhance corporate value.
Negative factors included rising long-term US interest rates, tariff policy under the Trump administration, and concerns about a slowdown in the Chinese economy. Items to watch included the Bank of Japan's government bond purchase operation, the deadline for the tender offer for Kakaku.com by European fund EQT, the Reserve Bank of New Zealand's policy rate announcement, India's September industrial production, US September wholesale inventories, the release of the US Federal Open Market Committee (FOMC) decision, and an address by the Fed chair, Warsh.