[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average: 39731.67, +558.52. TOPIX: 2803.32, +15.95. In the afternoon, the Nikkei Average started at a similar level to the morning close (39726.39 yen), with an increase of 558.52 yen from the previous day. During lunchtime, the Nikkei 225 futures were stuck in the range of 39710 to 39790 yen. The dollar-yen exchange rate has been at a yen-weaker / dollar-stronger level, with 1 dollar equaling 159.70-80 yen since around 9:00 a.m. Asian conditions are soft, with the Shanghai Composite Index falling about 0.4% in negative territory, while the Hang Seng Index has fallen about 0.2% and remained in the vicinity of the previous day's closing price.
Start of the afternoon Nikkei Average at a similar level to the morning close. There is a view that the Nikkei Average has entered an upward trend, as the morning Nikkei Average exceeded the upper limit of the consolidation range since May, around 39400 yen. However, the Nikkei Average has already risen more than 570 yen in the past two days, and some are cautious about further upside.
Summary of the start of the afternoon session
In terms of sectors, electric appliances, services, and pharmaceuticals are among the top performers, while oil and coal products, rubber products, and marine transportation are among the worst performers. On the TSE Prime Market, Advantest <6857>, Micronics <6871>, TOWA <6315>, Disco <6146>, Tohoku Electric <8035>, Mitsukoshi Isetan <3099>, TDK <6762>, Chugai Pharmaceutical <4519>, Recruit HD <6098>, and Screen HD <7735> are performing well, while Socius Next <6526>, IHI <7013>, Mitsubishi Shoji <8058>, Nippon Yusen <9104>, Nippon Yusen <9101>, Toyota <7203>, Kawasaki Heavy <7012>, Nintendo <7974>, JT <2914>, and Inpex <1605> are declining.
The afternoon Nikkei average started at roughly the same level as the morning close. As the morning Nikkei average broke through the upper limit of the consolidation range since May, around 39,400 yen, there is a view that the Nikkei average is entering an upward trend. On the other hand, the Nikkei average has already risen by more than 570 yen over the past two days, so some are cautious about further upside.
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On the TSE Prime Market, Advantest <6857>, Micronics <6871>, TOWA <6315>, Disco <6146>, Tohoku Electric <8035>, Mitsukoshi Isetan <3099>, TDK <6762>, Chugai Pharmaceutical <4519>, Recruit HD <6098>, and Screen HD <7735> are performing well. Meanwhile, Socius Next <6526>, IHI <7013>, Mitsubishi Shoji <8058>, Nippon Yusen <9104>, Nippon Yusen <9101>, Toyota <7203>, Kawasaki Heavy <7012>, Nintendo <7974>, JT <2914>, and Inpex <1605> are declining in terms of trading volume.