Emerging-market stocks remained on a downward trend this week, with selective buying of stocks with catalysts at the center of trading. Autonomous-driving stocks showed signs of price consolidation after their sharp gains, and next week's developments, including KOMPEITO's listing, will be in focus.
Emerging-market stocks declined this week, with the Nikkei 225 down 2.09% from the previous weekend. The Growth Market Index and Growth 250 Index also fell, as higher interest rates in Japan and the United States driven by inflation, along with uncertainty surrounding the situation in the Middle East, curbed buying. Against this backdrop, the performance of the largest stocks by market capitalization drew particular attention, and the Growth Market Core Index posted its first decline in 6 weeks.
Among the largest stocks by market capitalization, TIER IV rose 43.57% this week, extending its gains after rising 89.12% the previous week. Toyota's reported plans to launch autonomous vehicles were viewed as a catalyst. Trial Holdings, the largest stock on the Growth Market, edged higher, with buying strengthening at times on expectations of lower imported food costs, while Terra Drone fell 5.32%. Morpho rose sharply after announcing the development of cameras for SDVs through a software update.
Autonomous-driving stocks will remain in focus next week, while morning trading in heavily traded stocks such as PowerX and QD Laser is expected to influence the balance between buying and selling among investors. Price consolidation is expected following the sharp rise in autonomous-driving stocks, and the rapid price movements in TIER IV after it reached a post-listing high also warrant attention. KOMPEITO is scheduled to list on the Growth Market next week, putting its initial price formation and the broader IPO market in focus.
At the end of this week, NANOホールディングス' announcement of research results on mRNA drugs and ストレージ王's year-on-year increases in the number of operating facilities and operating rate in August were cited among the stocks attracting attention. Next week's IPO schedule includes the announcement of the public offering prices for stocks such as オリバー and オーディオストック, keeping IPO-related developments in focus.