Good morning, everyone. Nvidia’s CEO Huang has resigned, hasn’t he? It is concerning how much this will impact Japanese stocks. Furthermore, crude oil prices are trending upward again following Mr. Trump’s remarks, and the yen is weakening, nearing 160 yen to the dollar. Since this area is fluid, it seems best to aim for quick gains over a period of about 1 to 2 days.
Now, let’s get started with today’s morning stock article until the end!
[0. This Morning’s Summary]
・Market Sentiment: Flat
The overnight closing price of Nikkei 225 futures was +0.64% compared to the cash index, while TOPIX futures remained at +0.32%,
and with U.S. stocks also slightly lower, it is considered difficult for a clear direction to emerge [1] [2]
・Focus Theme: Rising Crude Oil (Energy)
Crude oil surged after U.S. President Trump stated he had no interest in an agreement with Iran, and
energy was the only sector among the 11 S&P 500 sectors to rise [3] [4]
・Today’s Points of Caution: Option SQ and Earnings from the 3 Mega Banks
The opening is likely to fluctuate due to trading related to SQ calculation, and Sumitomo Mitsui FG will announce earnings during the day, with
Mitsubishi UFJ and Mizuho FG announcing after the close [5] [6]
・Key Indicators
Nikkei 225 Futures (Overnight Close) 61,210 yen (+0.64% vs. cash close) [1]
Dow 52,297 dollars (-0.36%) [2] [4]
S&P 500 7,592 (-0.36%) [2] [4]
Nasdaq 25,366 (-0.39%) [2] [4]
SOX Index 10,506.67 (-0.54%)
Dollar-Yen 159.33 yen range (NY close) [7]
WTI Crude Oil just under 89 dollars (approx. +3%) [3] [8]
U.S. 10-Year Treasury Yield 5.10% (+0.12pt) [4] [3]
[1. U.S. Market Movements and Associated Stocks]
・Target: U.S. market on 11/12 (Thu, local time). Energy was the only sector to rise in the S&P 500 at +1.50%,
while materials -1.30% and communication -0.94% were at the bottom [4]
▼ Top 3 Gainers
・Broadcom (AVGO) +5.5%
Reason for movement: Bought on expectations that following Nvidia CEO Huang’s resignation, moves to use the company instead for custom AI semiconductors and networking products will spread [2] [9]
Associated Japanese Stock: Socionext (6526) Connection: Its main business is designing dedicated semiconductors for each customer, and the demand to find alternatives other than Nvidia could also apply to this company [9]
Positive factor (reference information) [2]
・AMD (AMD) +5.9%
Reason for movement: Bought due to an investment rating upgrade by William Blair and expectations that customers will diversify to AMD amid Nvidia’s turmoil [2]
Associated Japanese Stock: None listed (because no Japanese stock with a publicly verifiable trading relationship with AMD could be found)
・Equinor (EQNR) +3.4%
Reason for movement: It is believed that buying entered oil and gas production companies as crude oil surged due to President Trump’s Iran remarks [10] [11]
Associated Japanese Stock: Japan Petroleum Exploration (1662)
Connection: Its main business is the development and production of crude oil and natural gas, and high crude oil prices directly link to sales prices. Ordinary profit for the July-September quarter was also 2.3 times higher than the same period last year [12]
Positive factor (reference information) [11]
▼ Top 3 Losers
・Nvidia (NVDA) -4.3%
Reason for movement: CEO Huang resigned amid allegations of an affair and espionage, and CFO Kress became interim CEO. At one point, it fell nearly 14% [2] [13]
Associated Japanese Stock: Sakura Internet (3778)
Connection: Cloud services for generative AI using Nvidia GPUs are a pillar of growth, and the uncertainty of AI investment following the CEO change could affect it [13]
Negative factor (reference information) [2]
・CoreWeave (CRWV) -6.9%
Reason for movement: A GPU cloud company where Nvidia is a major shareholder, and the company’s management turmoil became a burden [2]
Associated Japanese Stock: GMO Internet (4784)
Connection: Handles “GMO GPU Cloud” which adopts the latest GPUs made by Nvidia, and the decline in the same GPU cloud stocks could affect it [14]
Negative factor (reference information) [2]
・Micron Technology (MU) -1.6%
Reason for movement: Sold on concerns that if Nvidia’s business slows down, it will affect memory sales to the company [2]
Associated Japanese Stock: Kioxia Holdings (285A)
Connection: A major memory manufacturer including for AI servers, and selling wary of the future of AI investment could affect it [2]
Negative factor (reference information) [2]
[2. Associated Stocks from News]
▼ Positive factor (reference information)
・ENEOS Holdings (5020)
Factor: President Trump stated he had no interest in an agreement with Iran, and Brent crude closed up about 4% at 96.10 dollars, with WTI also up about 3% [3] [11]
Reason for association: High crude oil prices tend to boost the profits of oil wholesalers through inventory valuation gains, and oil refining stocks were also bought in the U.S. [11]
・Mitsui & Co. (8031)
Factor: Following the surge in crude oil, energy was the only sector among the 11 S&P 500 sectors to rise in the U.S. (+1.50%) [4] [3]
Reason for association: It holds many interests in crude oil and LNG, and it is considered that rising resource prices easily lead to profits [3]
▼ Negative factor (reference information)
・ANA Holdings (9202)
Material: Crude oil surged due to President Trump’s remarks on Iran, with Brent crude up about 4% and WTI up about 3% [3]
Reason for association: Fuel costs are a major expense for airlines, and rising crude oil prices act as a factor that pushes down profits [3]
・Sumitomo Metal Mining (5713)
Material: NY gold futures fell 2.88%, and in the U.S., materials stocks were the biggest decliners by sector (-1.30%) [15][4]
Reason for association: Sales of precious metals like gold and silver influence profits, and falling gold prices tend to be a burden on stock prices [15]
[3. Stocks Associated with Earnings Results]
▼ Associations from Positive Earnings
・Amada (6113) First-half net profit up 83%, full-year forecast revised upward by 18%
Earnings details: Net profit for the July-September quarter was 12.7 billion yen (up 77% year-on-year), accelerating from 5.4 billion yen in the April-June quarter. Strong orders for capital investment and the weak yen contributed [16][17]
Outlook for earnings stocks: Positive factor (reference information). PTS is +1.9% compared to the TSE closing price, and the opening gap is considered moderate [18]
Japanese stocks with the same theme: DMG Mori Seiki (6141)
Connection: The fact of demand for machine tools for capital investment also applies to this company, and July-September sales were up 31% year-on-year. Tsugami, which announced on the same day, also saw an 85% increase in ordinary profit [19][12]
Positive factor (reference information) [16]
・Citizen Watch (7762) First-half ordinary profit up 91%, full-year forecast revised upward by 28%, record high profit
Earnings details: Watch sales were strong, mainly in North America, and July-September ordinary profit was 19.1 billion yen (up 91% year-on-year). The new forecast of 55.5 billion yen exceeds the market forecast of 48 billion yen as of September [20][17][21]
Outlook for earnings stocks: Outside the scope of prediction. Because the revision significantly exceeds market expectations, a gap of 5% or more may open at the opening, and the material may be mostly priced in
Japanese stocks with the same theme: Casio Computer (6952)
Connection: The company also revised its ordinary profit forecast upward by 16% on the same day, citing the global strength of its watch business as the reason. July-September ordinary profit was up 74% [22][23]
Positive factor (reference information) [22]
▼ Associations from Negative Earnings
・Sumitomo Rubber Industries (5110) Full-year net profit revised downward to a 5% decline, dividend cut
Earnings details: Sales forecast reduced by 4.5%, and July-September operating profit down 14%. Second-half net profit is planned to be down 38%, a reduction following the one in August. Details of the reason for the revision could not be confirmed [24][25]
Outlook for earnings stocks: Negative factor (reference information). It had risen about 6% in the 5 trading days before the announcement [24]
Japanese stocks with the same theme: None listed (Bridgestone, which released earnings at noon on the same day, had a 28% profit increase for July-September, so it cannot be said that weak demand applies to the entire industry) [26]
・Terumo (4543) Full-year net profit revised downward by 27%
Earnings details: Sales forecast reduced by 10 billion yen due to voluntary recall and shipment suspension of the aortic business, and asset value risk of about 38 billion yen was incorporated. The reduction in adjusted operating profit is 3 billion yen [27][28]
Outlook for earnings stocks: Outside the scope of prediction. It has fallen significantly in PTS by -8.7% compared to the TSE closing price, and it is expected to be mostly priced in at the opening [18]
Japanese stocks with the same theme: None listed (voluntary recall and supply constraints are factors specific to the company)
[4. List of News Topics]
・Nvidia CEO Huang resigns, CFO Kress becomes interim CEO
[13]・U.S. 10-year bond yield rises to 5.10%, Cleveland Fed President supports small
rate hikes [4][29]
・U.S. 30-year bond auction is sluggish, highest accepted yield is 5.441% [29]
・Japan’s long-term interest rate is flat at 2.790%, BOJ Policy Board Member Asada is cautious
about the pace of rate hikes [30]
・Vice Minister of Finance Mimura urges vigilance against yen-buying intervention, dollar-yen stalls just before 160 yen [30][7]
・U.S. Cisco reports earnings after the close, July-October sales and operating profit both at record highs [31]
・Reported that SpaceX and Tesla are proceeding with merger discussions [32]
・Asahi Kasei Homes launches TOB for Mori-Gumi, aiming to make it a wholly owned subsidiary at 564 yen per share [33]
[5. Main Schedule for the Next 5 Trading Days]
・11/13 (Fri) Opening ★Option SQ
Trading related to the calculation of the SQ value may cause large price movements at the opening
[5]
・11/13 (Fri) Daytime/After close ★Interim earnings of 3 mega-banks
Sumitomo Mitsui FG is during the day, Mitsubishi UFJ and Mizuho FG are after the close, with the focus on profit outlooks and shareholder returns under rising U.S. interest rates [6]
・11/13 (Fri) 22:30 U.S. October Producer Price Index (PPI)
If the strength of prices is confirmed, expectations for Fed rate hikes may strengthen further [34]
・11/16 (Mon) 8:50 ★July-September GDP preliminary figures
This will be one of the materials for the BOJ to decide on a rate hike at the meeting on December 17-18 [35]
[36]
・11/17 (Tue) 22:30 ★U.S. October Retail Sales
The most important indicator to measure the strength of U.S. personal consumption [34]
・11/18 (Wed) Around 6:20 ★Nvidia earnings (U.S. 17th after close)
The first earnings report after the CEO change, which is likely to influence the direction of AI-related stocks as a whole [34][13]
・11/19 (Thu) 4:00 FOMC minutes (held October 27-28)
The content of the discussion regarding the continuation of rate hikes is the focus [34]
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note
[1] Kabutan Nikkei 225 Futures: Nov 13 Night Session Closing Price = Up 510 Yen, 61,210 Yen
https://s.kabutan.jp/news/n202611130090/
[2] Kiplinger Stocks Slip as Wall Street Weighs Nvidia’s CEO Crisis
https://www.kiplinger.com/investing/stocks/stocks-slip-as-wall-street-weighs-nvidias-ceo-crisis-stock-market-today
[3] TipRanks U.S. Market Closes Lower As Nvidia’s Stock Falls
https://www.tipranks.com/news/u-s-market-ends-lower-as-nvidias-stock-falls
[4] Traders Agency Stock Market Today: Energy Leads While S&P 500 Slips
https://tradersagency.com/blog/stock-market-today-energy-leads-while-sandp-500-slips-e1j3ya
[5] Kabutan Today’s Economic Schedule — ★Focus on Option SQ
https://s.kabutan.jp/news/n202611130130/
[6] Kabutan Today’s [Surprise Earnings] Follow-up (Nov 12)
https://s.kabutan.jp/news/n202611121167/
[7] Kabutan Nov 12 NY Forex Overview
https://s.kabutan.jp/news/n202611130073/
[8] Kabutan NY Markets 5 AM Hour: Dow Average Down 103 Dollars
https://s.kabutan.jp/news/n202611130069/
[9] Yahoo Finance Nvidia, AMD, Broadcom: The AI Stock Winners and Losers
https://finance.yahoo.com/markets/stocks/articles/nvidia-amd-broadcom-ai-stock-180603430.html
[10] 24/7 Wall St. S&P 500 Closes Down as Rate-Hike Odds Weigh
https://247wallst.com/cards/rate-hike-odds-are-doing-the-damage-and-the-nasdaq-s-0-61-gspc-market-bell-01m78s60347w0kk4y4pfd5e2p6
[11] WCAX(AP) Wall Street shakes following swings for Nvidia and oil prices
https://www.wcax.com/2026/11/12/wall-street-shakes-following-swings-nvidia-oil-prices-recovers-most-its-early-losses/
[12] Matsui Securities (Kabutan) Chasing High-Growth Companies! July-Sept [Revenue and Profit Growth] List Nov 12 Edition
https://finance.matsui.co.jp/news/638856/index
[13] Al Jazeera Jensen Huang out as Nvidia CEO
https://www.aljazeera.com/news/2026/11/12/ai-titan-jensen-huang-out-as-nvidia-ceo
[14] Zaikei Shimbun GMO GPU Cloud Adopts “NVIDIA Blackwell Ultra GPU”
https://www.zaikei.co.jp/releases/3040532/
[15] Kabutan Gold Down 2.88% = NY Gold Closing Price
https://s.kabutan.jp/news/n202611130061/
[16] Matsui Securities (Kabutan) Amada Revises Full-Year Net Profit Up 18%
https://finance.matsui.co.jp/news/638660/index
[17] Matsui Securities (Kabutan) Today’s [Top Pick Earnings] Nippatsu, Mercari, Nihon Micro
https://finance.matsui.co.jp/news/638869/index
[18] Matsui Securities (Kabutan) [PTS] Nighttime Session as of 17:30
https://finance.matsui.co.jp/news/638827/index
[19] DMG Mori Seiki Q3 Earnings Report for Fiscal Year Ending Dec 2026 (Stored at IRBANK)
https://api.irbank.net/api/market-files/v1/tdnet/20261030560747.pdf
[20] Matsui Securities (Kabutan) Citizen Revises Full-Year Recurring Profit Up 28%, Raises Record Profit Forecast
https://finance.matsui.co.jp/news/638431/index
[21] Kabuyoho Citizen Watch (7762) Earnings and Performance Progress
https://kabuyoho.jp/report?bcode=7762
[22] Kabutan Casio Announces Upward Revision to Fiscal Year Ending March 2027 Earnings Forecast and Dividend Increase
https://s.kabutan.jp/stocks/6952/news/n202611121000/
[23] Kabutan Casio Revises Full-Year Recurring Profit Up 16%
https://s.kabutan.jp/stocks/6952/news/k202611120230/
[24] Kabutan Sumitomo Rubber Revises Full-Year Net Profit Down to a 5% Decline, Cuts Dividend by 3 Yen
https://s.kabutan.jp/stocks/5110/news/k202611120435/
[25] Kobe Keizai News Sumitomo Rubber Revises Full-Year Operating Profit Down to 8% Growth (August)
https://news.kobekeizai.jp/blog-entry-23125.html
[26] Kabutan Bridgestone Q1-Q3 Net Profit Up 57%, Q3 Alone Up 28%
https://s.kabutan.jp/stocks/5108/news/k202611120082/
[27] TipRanks Terumo Revises FY2026 Guidance Amid Aortic Recall
https://www.tipranks.com/news/company-announcements/terumo-revises-fy2026-guidance-amid-aortic-recall-neuro-supply-constraints
[28] Kabutan Terumo Revises Full-Year Net Profit Down 27%
https://s.kabutan.jp/stocks/4543/news/k202611120192/
[29] TheStreet Pro Stock Market Today: November 12, 2026
https://pro.thestreet.com/stock-market-today/2026-11-12
[30] OANDA Tokyo Market Digest 12th: Yen Mixed, Stocks Mixed
https://oanda.jp/lab-education/market_news/mn_1043636_202611121539
[31] Kabutan Cisco Systems July-Oct Operating Profit Up 66%
https://s.kabutan.jp/news/n202611130120/
[32] Kabutan Reports Progress in Talks for SpaceX and Tesla Merger, Potentially the Largest in History
https://s.kabutan.jp/news/n202611130077/
[33] Kabutan Check [Tomorrow’s Good/Bad News] via Disclosed Information! (Announced Nov 12)
https://s.kabutan.jp/news/n202611121261/
[34] Nikkei 225 Stock Average Economic Indicator Schedule
https://nikkei225jp.com/schedule/
[35] Cabinet Office Economic and Social Research Institute Publication Schedule
https://www.esri.cao.go.jp/jp/sna/kouhyou/kouhyou_top.html
[36] OANDA Reading the Bank of Japan’s “Main Opinions” from the October Meeting
https://www.oanda.jp/lab-education/?p=133125
[6. Disclaimer]
This article is reference information collected and organized from public sources by AI and verified by the author. It does not recommend the buying or selling of any specific stocks. Please make investment decisions at your own risk. The author may hold positions in the stocks mentioned in this article.
#Socionext #JapanPetroleumExploration #SakuraInternet #GMOInternet #KioxiaHoldings #ENEOSHoldings #MitsuiCo #ANAHoldings #SumitomoMetalMining #Amada #DMGMori #CitizenWatch #CasioComputer #SumitomoRubberIndustries #Terumo #MorningStocks #JapanStocks #StockInvestment #Earnings #StockTrading #DayTrade #SwingTrade
