Nissan stock price investor sentiment remains cautious

Investor sentiment remains cautious amid global EV competition, but stable yen performance is limiting downside risk. A breakout above ¥570 could open room toward ¥590 based on moving average trends. That’s not to say there aren’t any reverberations stemming from the government shutdown, the 14th federal funding halt since 1981. Historically, shutdowns can cause market slides if given enough legs. For instance, the last U.S. government shutdown, which began on December 22, 2018, lasted 35 days and resulted in a $3 billion GDP loss. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Nissan stock price closed at ¥560, slightly above prior week’s median range. Steady production recovery from semiconductor shortages continues to attract portfolio managers focusing on cyclical auto stocks.