Sumitomo Forestry rose sharply for the fourth consecutive day on lower US long-term interest rates. US housing-related stocks surged, while Sekisui House also maintained a high level.
Sumitomo Forestry is rising sharply for the fourth consecutive day. Lower US long-term interest rates were viewed favorably and supported the stock.
In the US market on the 22nd, the 10-year Treasury yield fell to the 4.9% range. Housing-related stocks including D.R. Horton and Toll Brothers surged in response. Sumitomo Forestry attracted buying as its focus on the US single-family homebuilding business was viewed favorably.
Sekisui House also traded at a high level, and it was reported that moves in housing-related stocks formed part of the market action.