[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average fell 373.58 yen from the previous week to 38,440.98 yen and opened lower. On June 14th, the Dow Jones closed at 38,589.16, down 57.94 points, and the Nasdaq closed at 17,688.88, up 21.32 points. The buying that was expected to occur due to a rate cut subsided after the opening bell and the market declined. Concerns over consumption slowdown increased due to the June Michigan Consumer Sentiment Index dropping more than expected, causing the market to fall significantly. The Nasdaq continued to reach its all-time high for the fifth consecutive day with buying spurred by lower interest rates and Adobe's positive earnings. The Dow also narrowed its decline but could not recover, closing mixed. The Chicago Nikkei 225 futures were 38495 yen, down 345 yen from Osaka. Today's Nikkei opened with selling pressure as it responded to the Chicago futures. Whether or not there will be a rebound in technology stocks after selling subsides is the key to watch, as the Nasdaq rises.
TOPIX fell 21.71 points to 2,724.90.
[Sector]: Mining, insurance, banking, transportation equipment, wholesale trade, etc. are the top decliners, while pharmaceuticals, precision instruments, and electric and gas industries rose. The turnover of the Tokyo Stock Exchange Prime includes Laser Tech <6920>, Mirrors HD <8897>, Kawasaki Shipbuilding <9107>, Dai-ichi Life HD <8750>, Recruit HD <6098>, Marubeni <8002>, Mitsui & Co. <8031>, Honda <7267>, SMC <6273>, INPEX <1605>, Nissan Motor <7201>, and Nomura <8604>, all of which fell. Meanwhile, Nitori Holdings <9843>, Rakuten Group <4755>, and Daiichi Sankyo <4568>, among others, have risen.
On June 17th, the Nikkei opened lower at 38,440.98 yen, down 373.58 yen from the previous week. In the U.S. market on the 14th, the Dow Jones fell 57.94 dollars to 38,589.16 dollars, and the Nasdaq ended trading at 17,688.88, up 21.32 points. After the opening bell, buying that was expected to occur due to a rate cut subsided and the market declined. Concerns over consumption slowdown increased due to the June Michigan Consumer Sentiment Index dropping more than expected, causing the market to fall significantly. With lower interest rates and Adobe's positive earnings, the Nasdaq spurned buying and continued to reach its all-time high for the fifth consecutive day. The Dow also narrowed its decline but could not recover, closing mixed. Chicago Nikkei 225 futures fell 345 yen to 38,495 yen compared to Osaka. Today's Nikkei opened with selling pressure as it responded to the Chicago futures. Whether or not there will be a rebound in technology stocks after selling subsides is the key to watch, as the Nasdaq rises.
On the Tokyo Stock Exchange Prime Market, major stocks such as Laser Tech <6920>, Mitsubishi UFJ <8306>, Toyota Motor <7203>, Tokyo Electron <8035>, Sony Group Corp <6758>, Mitsubishi Corporation <8058>, AdvanTech <6857>, and Sosei Next <6526> all declined across the board. The transportation equipment, a-REIT ETF, and rubber products sectors are among the top losers.