[Nikkei Stock Average and TOPIX (Table)]
Nikkei average; 39,434.47; -232.60 TOPIX; 2792.73; -10.22 On the 27th, the Nikkei average fell by 232.60 yen to 39,434.47 yen, down for the first time in 4 days. The previous day, the US stock market rose. The Dow Jones Industrial Average closed at 39,127.80, up 15.64 dollars, and the Nasdaq stock index closed at 17,805.16, up 87.50 points. It opened lower due to the rise in long-term interest rates. Expectations for interest rate cuts receded as senior officials from the Federal Reserve Board (FRB) showed a reluctance to rush to cut interest rates one after another. Against the backdrop of high expectations for artificial intelligence (AI), high-tech stocks remained firm and supported the market overall, while caution spread ahead of the release of the PCE price index, which the FRB regards as important, on the weekend. In the Tokyo stock market today, selling prevailed. Although the three major indexes in the US stock market (Dow Jones Industrial Average, Nasdaq Composite Index, S&P 500) rose yesterday, the Philadelphia Semiconductor Index (SOX Index), which is composed of major semiconductor-related stocks, fell, weighing on the semiconductor-related stocks in the Tokyo market. In addition, the foreign exchange market showed that the dollar rose by about 70 yen compared to around 15:00 yesterday, with the exchange rate at 1 dollar = 160.50 yen. This heightened concerns about exchange rate intervention, which became a factor in holding back buyers in the stock market. On the other hand, the rise of the three major indexes in the US stock market yesterday supported the stock price of the Tokyo market. In addition, the view that a weaker yen and stronger dollar could push up the profits of export companies, provided support for the falling stock prices. Furthermore, there were also views that the market had entered into a rising trend as the Nikkei average broke out of the consolidation range since May. However, the selling pressure was prevalent during the opening session. According to the situation (week) regarding securities transactions with foreign and domestic investors, a net selling of domestic stocks by foreign investors for the first time in 2 weeks occurred on June 16-22, with the net selling amounting to 85.5 billion yen. Today, Mamezou Holdings＜202A＞ listed on the Tokyo Stock Exchange Growth Market.
TOPIX; 2792.73; -10.22
[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.
On the 27th, the Nikkei average fell by 232.60 yen to 39,434.47 yen, down for the first time in 4 days. The previous day, the US stock market rose. The Dow Jones Industrial Average closed at 39,127.80, up 15.64 dollars, and the Nasdaq stock index closed at 17,805.16, up 87.50 points. It opened lower due to the rise in long-term interest rates. Expectations for interest rate cuts receded as senior officials from the Federal Reserve Board (FRB) showed a reluctance to rush to cut interest rates one after another. Against the backdrop of high expectations for artificial intelligence (AI), high-tech stocks remained firm and supported the market overall, while caution spread ahead of the release of the PCE price index, which the FRB regards as important, on the weekend.
Selling prevailed in the Tokyo stock market today. Although the three major indexes in the US stock market (Dow Jones Industrial Average, Nasdaq Composite Index, S&P 500) rose yesterday, the Philadelphia Semiconductor Index (SOX Index), which is composed of major semiconductor-related stocks, fell, weighing on the semiconductor-related stocks in the Tokyo market. In addition, the foreign exchange market showed that the dollar rose by about 70 yen compared to around 15:00 yesterday, with the exchange rate at 1 dollar = 160.50 yen. This heightened concerns about exchange rate intervention, which became a factor in holding back buyers in the stock market. On the other hand, the rise of the three major indexes in the US stock market yesterday supported the stock price of the Tokyo market. In addition, the view that a weaker yen and stronger dollar could push up the profits of export companies, provided support for the falling stock prices. Furthermore, there were also views that the market had entered into a rising trend as the Nikkei average broke out of the consolidation range since May. However, the selling pressure was prevalent during the opening session. According to the situation (week) regarding securities transactions with foreign and domestic investors, a net selling of domestic stocks by foreign investors for the first time in 2 weeks occurred on June 16-22, with the net selling amounting to 85.5 billion yen. Today, Mamezou Holdings＜202A＞ listed on the Tokyo Stock Exchange Growth Market.
In terms of sector, rubber products, mining, food, pharmaceuticals, and services recorded the highest decline rates, while marine transport, banking, warehouse and transportation, insurance, and nonferrous metals recorded the highest increase rates. In the trading volume of TSE prime market, Daiichi Sankyo Co Ltd＜4568＞, INPEX Corp＜1605＞, Japan Tobacco Inc＜2914＞, Daikin Industries Ltd＜6367＞, Asahi Group Holdings Ltd＜2502＞, Canon Inc-Spons ADR＜7751＞, Bridgestone Corporation Unsponsored ADR＜5108＞, Recruit Holdings Co Ltd＜6098＞, TOWA Corporation＜6315＞, First Retailing Co Ltd＜9983＞, Murata Manufacturing Co Ltd＜6981＞, ORIX Corp＜8591＞, Pan Pacific International Holdings Corp＜7532＞, and Shionogi＆Co Ltd＜4507＞ etc. declined. Conversely, stocks that rose included Tokyo Marine Holdings Inc＜8766＞, Sumitomo Mitsui Financial Group Inc＜8316＞, Hitachi Ltd＜6501＞, Nippon Yusen KK＜9101＞, Sony Group Corp＜6758＞, Mitsubishi UFJ Financial Group Inc＜8306＞, Kagome Co Ltd＜2811＞, Softbank Group Corp＜9984＞, Mizuho Financial Group Inc ＜8411＞, and Shin-Etsu Chemical Co Ltd＜4063＞.