[Nikkei Stock Average and TOPIX (Table)]
The Nikkei Average rose by 171.80 yen to 38,653.91 on the 19th and continued to rise. The U.S. stock market rose on the 18th. The Dow Jones Industrial Average closed at 38,834.86 dollars, up 56.76 dollars, while the Nasdaq closed at 17,862.23, up 5.21 points. Retail sales results supported the justification for lower interest rates, and at the same time, concerns about the economy spread and the market wavered. Profit-taking sales were also conspicuous in high-tech stocks near their all-time highs, but the decline in long-term interest rates supported the market and it remained firm all day long. The Nasdaq closed at a new high for the seventh consecutive business day.
The Tokyo Stock Market started trading today with a buying trend. The support for the Tokyo market's stock prices was the small increase in the three major indices (Dow Jones Industrial Average, Nasdaq Composite Index, and S&P500) in yesterday's U.S. stock market. In addition, the Philadelphia Semiconductor Index (SOX Index), which is made up of major semiconductor-related stocks, rose 1.35%, which supported the stock prices of semiconductor-related stocks in the Tokyo market. Furthermore, the forex market settled down with the dollar remaining strong against the yen at 157.80 yen per dollar, which also gave the market a sense of security.
[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.
There was no significant buying material domestically, and some were cautious about active buying. Moreover, concerns about political instability in Europe, such as France, continued, but there was a dominant buying trend in opening transactions. The trade balance for May, announced before the start of trading, showed a deficit of 1.2213 trillion yen. The median estimate among private forecasts compiled by QUICK was a deficit of 1.304 trillion yen. Today, Rice Curry <195A> was listed on the Tokyo Stock Exchange Growth Market.
In sector performance, insurance, mining, machinery, transportation equipment, and banking were among the top gainers, while retail trade, rubber products, and food products fell in value. In the top trading volume on the Tokyo Stock Exchange Prime Market, TDK <6762>, Mitsubishi Motors <7211>, Softbank G<9984>, Nissan<7201>, Advantest<6857>, JR East <9020>, Dai-ichi Life HD <8750>, Nidec <6594>, TOWA <6315>, Komatsu <6301>, Keyence <6861>, Renesas<6723>, NEC<6701>, etc. rose. On the other hand, Joyful Honda <3191>, Murata Mfg.<6981>, Daiichi Sankyo<4568>, Socionext <6526>, Takeda pharm<4502>, Mitsubishi Shoji <8058>, etc. declined.
The Nikkei Average rose by 171.80 yen to 38,653.91 on the 19th and continued to rise. The U.S. stock market rose on the 18th. The Dow Jones Industrial Average closed at 38,834.86 dollars, up 56.76 dollars, while the Nasdaq closed at 17,862.23, up 5.21 points. Retail sales results supported the justification for lower interest rates, and at the same time, concerns about the economy spread and the market wavered. Profit-taking sales were also conspicuous in high-tech stocks near their all-time highs, but the decline in long-term interest rates supported the market and it remained firm all day long. The Nasdaq closed at a new high for the seventh consecutive business day.
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The Nikkei Average rose by 171.80 yen to 38,653.91 on the 19th and continued to rise. The U.S. stock market rose on the 18th. The Dow Jones Industrial Average closed at 38,834.86 dollars, up 56.76 dollars, while the Nasdaq closed at 17,862.23, up 5.21 points. Retail sales results supported the justification for lower interest rates, and at the same time, concerns about the economy spread and the market wavered. Profit-taking sales were also conspicuous in high-tech stocks near their all-time highs, but the decline in long-term interest rates supported the market and it remained firm all day long. The Nasdaq closed at a new high for the seventh consecutive business day.