The NIKKEI average continues to rise. It ended the morning session at 38707.21 yen (approximately 680 million shares traded), up 225.10 yen (+0.58%) from the previous day.
On the 18th, the US stock market continued to rise. The Dow Jones Industrial Average closed at 38834.86 yen, up 56.76 yen (+0.15%), the Nasdaq was up 5.21 points (+0.03%) at 17862.23, and the S&P 500 was up 13.80 points (+0.25%) at 5487.03. The market rose after the results of May's retail sales justified the rate cut, but concerns about the economy widened and the market struggled to rise. There were also many profit-taking sales of high-tech near their all-time highs, but the decline in long-term interest rates supported the market and the market remained firm all day. The Nasdaq finished updating its all-time high for the 7th business day.
Starting by reflecting the rise in US stocks, the Tokyo market opened trading with a strong buy. After the opening, the Nikkei average rose to 38797.97 yen, almost recovering from the previous week's sharp decline. After a round of buying, the Tokyo Electron <8035> lost momentum, and the Nikkei average ended its morning session at the level of the 25-day moving average. The trading volume was small, and the turnover in the prime market remained at 1.6 trillion yen.
In Nikkei 225 stock, Mitsubishi Motors <7211> soared due to its report on expanding shareholder return for the fiscal year ending March 2025, and Mitsubishi Heavy Industries <7011> received a positive report from a securities company and continued to be bought, updating the year-to-date high. In addition, Apple-related stocks such as Nippon Electric Glass <6988>, TDK <6762>, and Taiyo Yuden <6976> and the like are also strong.
On the other hand, semiconductor stocks were mixed, with Tokyo Electron losing momentum, and Screen HD <7735> and Socionext <6526> widening their losses. The inbound-related stocks such as Shiseido <4911>, Mitsukoshi Isetan <3099>, and Keisei Electric Railway <9009> were not impressive. Shipping stocks such as Nippon Yusen <9101>, Kawasaki Kisen Kaisha <9107>, and Mitsui OSK Lines <9104> were also sold.
In terms of industry sector, insurance, banking, transportation equipment, machinery, and other financial businesses rose while marine transportation, retail trade, petroleum and coal products, pulp and paper, and precision instruments fell.
Tonight's US market is closed due to Juneteenth. The afternoon Tokyo market will be more cautious than the morning and trading will be thin. It is assumed that the NIKKEI average will be a swirling market between the 38737 yen level, where the 25-day moving average is located. Due to a lack of trading materials, including the closure of the US market on the 19th, Prime market trading volume is likely to be at its lowest level this year.