[Nikkei Stock Average TOPIX (table)]
Nikkei Average; 38004.01; -270.04
TOPIX; 2721.01; -8.39
[Snuggle Overview]
The Nikkei Average on the 2nd continued to fall to 38004.01 yen, which depreciated 270.04 yen, and trading began. The US stock market the day before was mixed. The Dow average rose by 87.37 dollars to 37903.29 dollars, and the NASDAQ closed at 15605.48, which fell 52.34 points. Employment statistics in the private sector surpassed expectations and were mixed. While signs of sentiment intensified ahead of the announcement of the Federal Open Market Committee (FOMC) results, the market remained steady as long-term interest rates declined because the number of March JOLT job offers and the April ISM manufacturing business climate index fell below expectations. After that, the Federal Reserve (Fed) decided to leave policy interest rates unchanged as expected by the FOMC, and although Chairman Powell suggested the possibility that interest rate cuts would be delayed, the buyback accelerated because “there is little possibility that the next action will raise interest rates.” It stalled towards the end of the game, the Dow reduced its gains, and the NASDAQ fell back into the negative zone.
Sales took precedence in the Tokyo stock market today. In the US stock market yesterday, the fact that major indices rapidly erased their values until the end of transactions caused investor sentiment to shrink in the Tokyo market. Above all, the fact that the Philadelphia Semiconductor Stock Index (SOX Index), which consists of major semiconductor-related stocks, fell 3.54% and fell drastically, weighed on the stock price of semiconductor-related stocks in the Tokyo market. Also, the yen exchange rate increased rapidly during the early morning hours, and there are observations in the market that the government and the Bank of Japan moved to intervene in exchange by buying yen and selling dollars, which was a factor that deterred buyers from export stocks, etc. Furthermore, in addition to the fact that the Tokyo market will have 4 consecutive holidays starting tomorrow, there was also a tendency to forego aggressive purchases since employment statistics for tomorrow and April will be announced in the US. Meanwhile, in response to the press conference of Federal Reserve Chairman Powell, which attracted attention, the sense of caution against rising US interest rates receded, which supported the stock price of the Tokyo market. Also, the announcement of financial results for the fiscal year ending 2014/3 by major companies was an excellent point, and motivation to search for good financial results and good performing stocks increased, and it became a supporting factor for stock prices, but sales dominated during the donation stage. Today, the China (Shanghai/Shenzhen) market will be closed.
By sector, petroleum and coal products, mining, precision equipment, machinery, chemicals, etc. are at the top of the price drop rate, and the electric/gas industry, land transportation industry, real estate business, wholesale business, pulp/paper, etc. are ranked at the top of the price increase rate. At the top trading prices on the Tokyo Stock Exchange Prime, DISCO ＜6146 ＞, Nidec ＜6594＞, Sojitz ＜2768＞, Shin-Etsu ＜4063＞, Socionext ＜6526＞, Renesas ＜6723＞, BIPGY ＜8056＞, Resona HD ＜8308＞, East Elec ＜8035＞, Screen HD ＜7735＞, SoftBank G ＜9984＞, Sumitomo Mitsui ＜8316＞, Canon ＜7751＞, Lasertec ＜6920＞, Advantest ＜6857＞ etc. fell. Meanwhile, Kansai Electric Power ＜9503＞, Nitori HD ＜9843＞, Sumitomo Corporation ＜8053＞, Kyushu Electric Power ＜9508＞, Mitsui Mono ＜8031＞, JR East ＜9020＞, Marubeni ＜8002＞, TEPCO HD ＜9501＞, Mitsubishi Corporation ＜8058＞, Fujitsu ＜6702＞, Tokio Marine ＜8766＞, Daiichi Sankyo ＜4568＞, etc. are rising.