Nikkei average fell for the first time in three days. At the end of the morning session, the closing price was 38,324.10 yen (approx. volume of 620 million shares), down 246.66 yen (-0.64%) from the previous day.
The US stock market was closed for the Juneteenth holiday on the 19th. Dollar-yen trading was restrained, but the dollar remained firm and rose from the 157.70 yen level to the 158 yen level in the European and American markets, maintaining this level.
With no material from the US market closed, the Tokyo market started trading with a predominant selling sentiment. While no noticeable trading materials were observed, it seems that selling was prompted by a dislike of the heaviness of the current Japanese stock prices. TOPIC Core 30 shares such as NIDEC <6594>, Toyota Motor <7203>, Mitsubishi UFJ <8306> were traded weakly, and the Nikkei average remained at the 38,300 yen level. The value of the trading in the Prime market for the morning session was the lowest of the year at 1.5 trillion yen.
In Nikkei average adopted stocks, real estate stocks such as Mitsubishi Estate <8802>, Mitsui Fudosan <8801>, and Sumitomo Realty <8830> were sold, and Keisei Electric Railway <9009> remained predominant in selling. In addition, Sapporo Holdings <2501>, Fujikura <5803>, and Kawasaki Heavy Industries <7012> were weak. FP Partners <7388> outside of Nikkei average adopted stocks are in a situation where they cannot stop falling.
On the other hand, Mitsubishi Motors <7211> continued to rise, and Isuzu Motors <7202> and Mazda <7261> also rose. In addition, semiconductor stocks such as Advantest <6857>, Disco <6146>, and Shin-Etsu Chemical <4063> were bought. Outside of the Nikkei average adopted stocks, Sanken Electric <6707>, where activist shareholder Effissimo bought more, rose sharply.
By industry, securities and commodity futures trading, real estate, other products, non-ferrous metals, and electricity and gas industries fell, while only the four sectors of mining, air transportation, pharmaceuticals, and textiles and apparel rose.
The exchange rate is hovering around 158.10 yen per dollar, and the trend is slightly weaker yen and stronger dollar from the previous day. On the other hand, the movement of export-related stocks is weak. In particular, the weakness of Toyota's movement is somewhat noticeable. It is considered that the possibility of prolonged production suspension due to recognition irregularities is leading to selling pressure. If it breaks through the psychological milestone of 3000 yen, there is a possibility that the adjustment phase will be prolonged. This is a stock that is owned by many individual investors through the small amount investment non-taxable system (NISA), so it is desirable to avoid further deterioration of individual investor momentum. In the absence of positive news, the Tokyo market in the afternoon session will follow the morning session with a trend of main stocks searching for the downside amid sluggish trade.