As automotive-products wholesaler ムラキ maintained its daily limit-up for the consecutive day, it was reported that fellow automotive-parts manufacturer IKUYO CO.,LTD. had finalized its policy of launching a tender offer for the shares. The market is expected to continue moving under the influence of the sharp rebound in the Nikkei Stock Average on the 27th and the trend in US equities.
The Nikkei Stock Average rose ¥1,078.72 from the previous day to ¥63,268.37 on the 27th, marking a sharp rebound for the first time in 4 days, while foreign exchange markets continued to move toward a weaker yen. At times, automotive stocks fell across the board.
ムラキ's continued daily limit-up performance became a focus of market attention, and it has been reported that IKUYO CO.,LTD., a fellow industry company, had finalized its policy of launching a tender offer.
The Dow Jones Industrial Average in New York rebounded on the 26th, rising 146 points to 52,361 dollars, while the Nasdaq rebounded for the first time in 3 days, with buying focused mainly on technology stocks. Tesla rose 5.21%. The yen weakened to the high ¥157s against the dollar.