日本市场月报202411：日经指数小幅下跌，10年日债利率突破1%

Market Performance - The Nikkei index experienced a slight decline of 2.2% in November, following a strong performance earlier in the year with a cumulative increase of approximately 14.2% from January to the end of November[2] - Foreign capital saw a net outflow of $2.75 billion in November, reversing the small net inflow observed in October; however, the cumulative net inflow for 2024 stands at $8.77 billion[2][5] Economic Indicators - The 10-year Japanese government bond yield surpassed 1% due to rising U.S. Treasury yields, peaking at 1.08% before retreating later in the month[3][9] - Japan's core CPI (excluding fresh food) for October was reported at 2.3%, down from previous values of 2.4% and 2.1% for core-core CPI (excluding fresh food and energy)[3][9] Sector Performance - The mining, securities, and transportation equipment sectors showed the best performance in November, with the securities sector rising by 9.2%[3][9] - The TOPIX index fell by 0.6% in November, with significant declines in the construction, pharmaceutical, and textile sectors[3][9] Geopolitical and Economic Risks - Increased external uncertainties, including geopolitical risks and fluctuating currency rates, are highlighted as potential risks affecting market stability[3][5]