[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average; 38474.74;-362.72. TOPIX; 2752.80; -34.68. In the afternoon session, the Nikkei Average opened slightly lower than the morning session, with a 362.72 yen drop from the previous day's closing price of 38,527.60 yen. During lunchtime, the Nikkei 225 futures were weakly held within the range of 38,450-38,540 yen. The dollar-yen exchange rate has been at a level of 155.30-40 yen per dollar since around 9am, 10 yen lower than in the morning and showing a strengthening of the dollar. Asian market conditions are generally trending slightly lower, with the Shanghai Composite Index down by about 0.3% and the Hang Seng Index in positive territory, but with some resistance to further gains, up by about 0.4%.
In the afternoon session, the Tokyo market started with a slightly bearish trend compared to the morning session. Some investors may be holding back on actively buying due to the release of various labor and employment-related indicators before the release of US employment statistics this weekend, as they want to gauge the impact of these indicators. On the other hand, the relative calmness of the Tokyo market may be due to the fact that the yen has weakened a little against the dollar compared to earlier in the morning. In addition, it seems that the solid performance of Dow Jones futures in extended hours trading is contributing to support the Tokyo market.
Summary of the start of the afternoon session
In the afternoon session, the top selling stocks on the Tokyo Stock Exchange Prime Market were Recruit Holdings (6098), LaserTech (6920), Kawasaki Heavy Industries (7012), Kawasaki Kisen Kaisha (9107), Mitsubishi Electric (6503), MS&AD Insurance (8725), Hitachi (6501), SMC (6273), Screen Holdings (7735), and Mitsubishi Heavy Industries (7011), all of which fell. On the other hand, trading volume was led by Kasumigaseki Capital (3498), Mitsui Fudosan (8801), Daiichi Sankyo (4568), Shiseido Company (4911), Mercari (4385), SoftBank Group (9984), Sony Group (6758), and Fast Retailing (9983), all of which rose.
No content translated.
In terms of sectors, insurance, marine transportation, and iron & steel had the highest decline rates, while real estate, pharmaceuticals, and electricity/gas had the highest increase rates.
Please use your Futubull account to access the feature.