[Nikkei Stock Average TOPIX (table)]
Nikkei Average; 38112.77; -444.10
TOPIX; 2712.81; -28.81
[Snuggle Overview]
The Nikkei Average on the 30th continued to fall to 38112.77 yen, which depreciated 444.10 yen for 3 days, and trading began. The US stock market declined the day before, on the 29th. The Dow average closed at 38441.54 dollars, which depreciated by 411.32 dollars, and the Nasdaq closed at 16920.58, which fell 99.30 points. It fell after being close to sales that were wary of rising long-term interest rates. It was sold further when interest rates rose further in response to the sluggish results of 7-year bond bidding and the Regional Federal Bank Economic Report (Beige Book). The NASDAQ was also pushed by profit-taking sales from near record highs, and the market remained soft throughout the day.
Sales took precedence in the Tokyo stock market today. The fall in major indices in the US stock market yesterday weighed on stock prices in the Tokyo market. Also, the rise in long-term US interest rates in overseas markets yesterday, and domestic long-term interest rates also rose, which was a factor holding back buyers in the Tokyo market. Meanwhile, in the foreign exchange market, 1 dollar = 157 yen 50 yen, and the fact that the yen continues to depreciate and the dollar remains at a high level was a factor supporting stock prices such as export stocks in the Tokyo market. Also, although the Nikkei Average fell yesterday, it was above the 25-day moving average located in the 38400 yen range at the yesterday stage, and there was also a view that a moderate upward market since late April has continued, but sales were dominant during the donation stage. Note, according to the status (weekly) of external and internal securities sales agreements, etc. announced before the start of trading, overseas investors overbought domestic stocks for 5 consecutive weeks on 5/19-25. The overpurchase amount was 82.4 billion yen.
By sector, prices have dropped for all industries. The mining industry, petroleum and coal products, non-ferrous metals, wholesale business, electric/gas industry, etc. are at the top of the price drop rate. Advantest ＜6857＞, Kawasaki Ships ＜9107＞, SoftBank G＜9984＞, INPEX ＜1605＞, Daiichi Sankyo ＜4568＞, Mitsui Mono ＜8031＞, Socionext ＜6526＞, ITOCHU ＜8001＞, Fast Lite ＜9983＞, Mitsubishi ＜8058＞, Toelec ＜8035＞, Cosmos Pharmaceuticals ＜3349＞, Fujikura ＜5803＞, Denso ＜6902＞, etc. have declined. Meanwhile, Nippon Steel (5401), Skylark (3197), etc. are rising.