[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average; 38,702.54; -220.49 TOPIX; 2,784.96; -13.11
[Opening situation] On the 4th, the Nikkei Average opened lower with a decline of 220.49 yen from the previous day, falling to 38,702.54 yen and trading lower for the first time in three days. The US stock market on the previous day of the 3rd was mixed. The Dow Jones Industrial Average closed at 38,571.03 yen, down 115.29 dollars, and the NASDAQ closed at 16,828.67, up 93.65 points, recovering from NVIDIA's semiconductors and buying influenced by lower interest rates. The earlier than expected worsening of the May ISM manufacturing business condition index and a decline in payment prices boosted expectations of interest rate cuts and rose after the opening. Later, the Dow Jones fell into a selling mode due to concerns about a slowdown in the economy and remained sluggish throughout the day. On the other hand, the NASDAQ was firmly supported by buying based on the recovery of semiconductors from NVIDIA and the optimistic view on interest rate movements.
Selling dominated today's Tokyo stock market. In the foreign exchange market, the dollar fell to around 156.10 yen, about 1.20 yen cheaper than around 3 pm yesterday, weighed down Tokyo stocks such as export stocks. In addition, as the Nikkei Average had risen more than 800 yen in the past two days until yesterday, there was a risk of selling to take profits. Moreover, some people were concerned that the discovery of misconduct in automobile certification would damage Japanese companies' reputation. On the other hand, while the Dow Jones Industrial Average fell in the US stock market yesterday, the NASDAQ Composite Index with a high proportion of high-tech stocks and the Philadelphia Semiconductor Index (SOX Index), which consists of major semiconductor-related stocks, rose, supporting the Tokyo stock market. In addition, the decline in long-term US interest rates in overseas markets yesterday provided a sense of security in the Tokyo market, but selling prevailed at the opening.
In the sector rankings, rubber products, mining, wholesale trade, transportation equipment, and glass and ceramics products were among the top decliners, while services and air transportation were on the rise. Among the top trading value on the Tokyo Stock Exchange Prime, Bridgestone <5108>, Nissan Motor <7201>, Honda <7267>, First Retailing <9983>, Suzuki <7269>, INPEX <1605>, Mitsubishi Shoji <8058>, Mitsui & Co. <8031>, Takeda Pharmaceutical <4502>, Itochu <8001>, Shinetsu Chemical <4063>, SMC <6273>, Mazda <7261>, etc., fell. On the other hand, Recruit HD <6098>, Sony Group <6758>, Keyence <6861>, Fujitsu <6702>, Renesas <6723>, Sumitomo Mitsui <8316>, Mitsubishi UFJ <8306>, TEPCO HD <9501>, TDK <8035>, Mizuho <8411>, Exedy <7278>, etc., rose.