[Nikkei Stock Average and TOPIX (Table)]
Nikkei average; 38,762.58; -114.13 TOPIX; 2,734.06; -22.38 In the afternoon, the Nikkei average started with a decline from the previous day's closing price (38,831.36 yen) to 38,762.58 yen, down 114.13 yen. During lunchtime, the Nikkei 225 futures were in a range of 38,730 yen to 38,830 yen. The dollar-yen exchange rate remained low-yen and high-dollar levels, at 1 dollar = 157.00-10 yen, about 30 sen weaker than around 9 a.m. In Asian markets, while the Shanghai Composite Index is generally moving in negative territory and has fallen by about 0.3%, the Hang Seng Index in Hong Kong has risen by about 0.2% after a morning high.
In the afternoon session, the Tokyo market started with a slightly bearish tone compared to the morning session. Although events such as the release of the U.S. Consumer Price Index (CPI) and the results of the Federal Open Market Committee (FOMC) have passed, some investors are avoiding aggressive buying as they want to assess the release of the May Producer Price Index (PPI) in the United States tonight. On the other hand, the stabilization of long-term interest rates in Japan and the United States seems to be a source of comfort in the stock market.
Summary of the start of the afternoon session
In the prime market of the Tokyo Stock Exchange, Astellas Pharma <4503>, Hokkaido Electric Power <9509>, TEPCO Holdings <9501>, Mitsubishi Electric <6503>, Dai-ichi Life Holdings <8750>, Mitsubishi Corporation <8058>, Tokio Marine Holdings <8766>, Mitsui & Co. <8031>, Canon Inc-Spons ADR <7751>, and Toyota <7203> saw declines in trading volume. On the other hand, Renesas <6723>, SHIFT <3697>, Micronix <6871>, Mitsubishi Heavy Industries <7011>, DISCO <6146>, Advantest <6857>, Recruit Holdings <6098>, Daikin <6367>, SUMCO <3436>, Murata Manufacturing <6981> were rising.
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In the sectors, the insurance, electric and gas utilities, and transportation equipment sectors have seen the highest decline rates, while the machinery, services, and electric appliances sectors have seen the highest growth rates.
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