[Nikkei Stock Average and TOPIX (Table)]
Nikkei average; 38,433.48; +331.04.
TOPIX; 2,719.42; +19.41.
[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 the 18th, the Nikkei average rebounded and started trading at 38,433.48 yen, up 331.04 yen from the previous day. On the previous day, the major stock indexes rose in the US stock market. The Dow Jones Industrial Average closed at 38,778.10 dollars, up 188.94 dollars, and the Nasdaq closed at 17,857.02, up 168.14 points. After having a cautious attitude towards moves to guard against the French political turmoil and the Federal Reserve Board's interest rate cuts, the market fell after the opening. Then, it turned to buying, expecting a soft landing, and the market remained strong throughout the day. In the final stages, the gains expanded, and the Nasdaq updated its all-time high for the second consecutive day.
Buying was dominant in Tokyo's stock market today. The rise of major indexes in the US stock market yesterday buoyed Tokyo's stock prices. In addition, the stability of the foreign currency market, with the exchange rate of 1 dollar = 157.60 yen continuing to be at a low-yen/high-dollar level, provided a sense of relief. Furthermore, since the Nikkei average fell significantly by more than 700 yen yesterday, it was easier for autonomous rebounds to come into play. On the other hand, the rising long-term interest rates in the US in the overseas market yesterday weighed on Tokyo's stock prices. Some were also concerned about political unrest in Europe, such as in France, but buying was dominant in the opening stage. Today, Integ Group <192A> was listed on the Tokyo Stock Exchange Growth market.
In terms of sectors, insurance, textiles & apparels, securities, commodities futures, oil & coal products, banks, etc. showed high rates of increase, while pharmaceuticals declined. In the Tokyo Stock Exchange Prime, TDK <6762>, Mitsubishi Heavy Industries <7011>, Ibiden <4062>, Japan Post <6178>, Rakuten Group <4755>, Dai-ichi Life Holdings <8750>, Shin-Etsu Chemical <4063>, Asahi <2502>, Honda <7267>, KOKUSAI <6525>, Screen Holdings <7735>, Taiyo Yuden <6976>, MS&AD <8725>, etc. rose. Conversely, Takeda Pharmaceutical <4502>, Hitachi <6501>, and Hokkaido Electric Power <9509> fell.