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日経平均は4日ぶりに反落、ハイテク株売られるも金融株が下支えに

Nikkei average fell for the first time in 4 days, with high-tech stocks selling off but financial stocks supporting the decline.

Fisco Japan ·  Jun 21 11:13

The Nikkei Average fell for the first time in 4 days. At 38,626.95 yen (approx. 690 million shares traded), it ended morning trading down 6.07 yen (-0.02%) from the previous day.

The US stock market on the 20th was mixed. The Dow Jones Industrial Average closed at 39,134.76 (+0.77%), the NASDAQ closed at 17,721.59 (-0.79%), and the S&P 500 closed at 5473.17 (-0.25%). At the start, new unemployment insurance claims caused a rise in interest rates to be disfavored, while housing starts and the Philadelphia Federal Reserve manufacturing sentiment index showed an economic slowdown, and expectations of a rate cut by the Federal Reserve Board (FRB) provided support. The NASDAQ reached a record high in the morning, but became sluggish in the afternoon. ENVIDIA, which had been rising for the past few days, was sold, as triple witching day, which is the day when stock index futures, stock index options, and individual stock options expire, falls on the 21st.

In response to the decline in US high-tech stocks, the Tokyo market opened slightly in favor of selling. After the market started, the Nikkei Average bounced back temporarily, but there was no active buying amid a lack of clues. The TOPIX, in which financial stocks rose due to the rise in interest rates, remained solid, but the Nikkei Average remained at the previous day's closing level. The transaction value on the prime market in the morning remained at 1.7 trillion yen.

TDK <6762>, Advantest <6857>, Shin-Etsu Chemical <4063>, Nichiden <6988>, and MinebeaMitsumi <6479>, which had been bought at the moment, fell due to the decline in NASDAQ, as well as Laser Tech <6920>. In addition, some pharmaceutical stocks, such as Shionogi & Co., Ltd. <4507> and Daiichi Sankyo Co., Ltd. <4568>, were sold.

On the other hand, IHI <7013> was in a buying phase, and shipping stocks such as Kawasaki Kisen <9107>, Mitsui O.S.K. Lines <9104>, and Nippon Yusen <9101> were firm, due to the material view of the biomass combustion test review with the Thai Power Generating Corporation. Also, Sumitomo Dainippon Pharma <4506>, Otsuka Holdings Co., Ltd. <4578>, and Shiseido Co., Ltd. <4911> were bought.

In terms of industry, electric machinery, other finance, metal products, electricity and gas, real estate, etc. fell, while marine transportation, insurance, land transportation, mining, petroleum and coal products rose.

The exchange rate is progressing with a weaker yen and strong dollar due to 1 dollar being worth over 159 yen. On the 20th, the US Department of the Treasury released its foreign exchange policy report every six months and added Japan to the "watchlist" to monitor whether it is manipulating the exchange rate. This is the first watchlist addition in a year. The fact that the total amount of current account surplus exceeded the formal standard for the target period of 2023 due to the current drop in crude oil prices means there was no wording condemning Japan's intervention in exchange for April and May 2024. However, it could be viewed that intervention by the government and the Bank of Japan would become slightly more difficult after being added to the watchlist. Comments from Finance Ministry official Kanda have also been reported, but there is a possibility that speculative selling of a weaker yen and stronger dollar may proceed. The afternoon Tokyo market is expected to be quiet just like the morning market, but attention should be paid to exchange rate trends.

The translation is provided by third-party software.


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