Three points to focus on in the afternoon session: Technology and finance stocks rose, and TOPIX reached a new high for the year.

Fisco Japan · Jun 28 11:20

28日の後場の取引では以下の3つのポイントに注目したい。

・日経平均は反発、ハイテクに金融株が上昇しTOPIXは年初来高値を更新

・ドル・円は小じっかり、一時161円台に浮上

・値上り寄与トップはソフトバンクグループ＜9984＞、同2位は東エレク＜8035＞

■日経平均は反発、ハイテクに金融株が上昇しTOPIXは年初来高値を更新

日経平均は反発。前日比386.37円高（＋0.98％）の39727.91円（出来高概算8億株）で前場の取引を終えている。

27日の米国株式市場は小幅続伸。ダウ平均は36.26ドル高（＋0.09％）の39164.06、ナスダック指数は53.53ポイント高（＋0.30％）の17858.68、S&P500は4.97ポイント高（＋0.09％）の5482.87で取引を終了した。寄り付きは下落。マイクロンやウォルグリーン・ブーツ・アライアンスなど、さえない企業決算が投資家心理を冷やした。米連邦準備制度理事会（FRB）が重視する5月PCE価格指数の発表を控え様子見姿勢が続いているが、マイクロンの見通しが物足りなかったことでAIブームの持続力に懐疑的な見方が生じ、エヌビディアなど半導体銘柄が売られた。一方、前日に時価総額が2兆ドルに達したアマゾン・ドット・コムやアップルなど大手ハイテク株には買いが続き、相場を支えた。

米国株上昇を受けて、東京市場はハイテク株中心に買い優勢で取引を開始した。日経平均は39500円台でスタートするとじりじりと上昇し、26日につけた戻り高値とほぼ同じ39783.70円まで上げ幅を広げる場面も見られた。引き続きメガバンクなど時価総額が大きい金融株が買われたことから、TOPIXは3月22日の年初来高値2813.22ポイントを更新した。

日経平均採用銘柄では、レーザーテック＜6920＞、アドバンテスト＜6857＞、ソフトバンクグループ＜9984＞など半導体関連銘柄の一角が買われたほか、MS&AD＜8725＞、三菱UFJ＜8306＞、T&Dホールディングス＜8795＞、東京海上＜8766＞、三井住友＜8316＞、みずほ＜8411＞など金融株の上げも目立った。このほか、住友ファーマ＜4506＞、荏原製作所＜6361＞が買われた。

一方、証券会社によるレポートがネガティブ視されて日野自動車＜7205＞が売られたほか、資生堂＜4911＞、花王＜4452＞、ニデック＜6594＞、オムロン＜6645＞など足元構造改革などを実施している銘柄の下げがやや目立った。このほか、シャープ＜6753＞、NEC＜6701＞、オリンパス＜7733＞が売られた。

業種別では、保険業、銀行業、証券・商品先物取引業、海運業、卸売業などが上昇した一方、電気・ガス業、空運業、パルプ・紙、食料品、小売業なども下落した。

為替は、10時過ぎに1ドル161円20銭台水準まで円安ドル高が進行した。10時の値決めのタイミングでドル買い需要が強まったとの観測だが、米国で行われている大統領選挙に向けた第1回のテレビ討論会で「トランプ優勢」との見方が強まったことでドルが買われたとの声も聞かれる。また、為替介入の陣頭指揮を執っていた神田財務官が交代し、後任に三村国際局長が就くと伝わったことも円安基調を強める材料となったもよう。

為替市場が円安ドル高で動いていることから、後場は、政府・日本銀行による円買いドル売り介入実施への警戒感がより高まり日本株上昇は一服となろう。日経平均、TOPIXは為替動向を睨んだ神経質な展開となりそうだ。

■ドル・円は小じっかり、一時161円台に浮上

28日午前の東京市場でドル・円は小じっかりの値動きとなり、160円64銭から一時161円27銭まで上値を伸ばした。前日低下した米10年債利回りの上昇でドル買い優勢となり、主要通貨は対ドルで下落。その後は失速したが、ドル買い再開の可能性も。

ここまでの取引レンジは、ドル・円は160円64銭から161円27銭、ユーロ・円は172円00銭から172円38銭、ユーロ・ドルは1.0685ドルから1.0710ドル。

■後場のチェック銘柄

・ＧＭＯアドパートナーズ＜4784＞、アイズ＜5242＞など、7銘柄がストップ高

※一時ストップ高（気配値）を含みます

・値上り寄与トップはソフトバンクグループ＜9984＞、同2位は東エレク＜8035＞

■経済指標・要人発言

【経済指標】

・日・6月東京都区部消費者物価指数(生鮮食品除く)：前年比+2.1％（予想：+2.0％、5月：+1.9％）

・日・5月有効求人倍率：1.24倍（予想：1.26倍、4月：1.26倍）

・日・5月失業率：2.6％（予想：2.6％、4月：2.6％）

・日・5月鉱工業生産：前月比+2.8％（予想：+2.0％、4月：-0.9％）

【要人発言】

・鈴木財務相

「過度な変動には適切に対応していく」

「円の信認は維持できている」

「財政健全化の取り組みが重要」

「一方的な変動に深く懸念」

・トランプ前米大統領

「関税は赤字を減らし、中国などのような国を抑制する」

＜国内＞

・特になし

＜海外＞

・特になし

In the afternoon of the 28th session, the following three points should be noted.

- The Nikkei Average rebounded, with high-tech and financial stocks rising and TOPIX hitting a year-to-date high.

- The dollar-yen was slightly lower, temporarily rising to the 161 yen level.

- SoftBank Group <9984> was the top contributor to the increase, followed by Torelec <8035>.

- The Nikkei Average rebounded, with high-tech and financial stocks rising and TOPIX hitting a year-to-date high.

The Nikkei average rebounded, closing the morning session at 39,727.91 yen, up 386.37 yen (+0.98%) from the previous day (with an estimated trading volume of 800 million shares). In terms of product structure, the operating income of products worth 10-30 billion yen was 401/1288/60 million yen, respectively.

The U.S. stock market continued to rise slightly on the 27th. The Dow Jones Industrial Average ended trading at 39,164.06, up 36.26 dollars (+0.09%) from the previous day. The Nasdaq Composite Index rose 53.53 points (+0.30%) to 17,858.68, and the S&P 500 rose 4.97 points (+0.09%) to 5,482.87. The market opened lower due to lackluster corporate earnings, such as from Micron and Walgreens Boots Alliance, which cooled investor sentiment. While the Federal Reserve Board (FRB) is keeping an eye on the release of the May PCE price index, investors are cautious, and skepticism about the sustainability of the AI boom emerged due to Micron's inadequate outlook, leading to selling of semiconductor stocks such as Nvidia. On the other hand, buying continued for major technology stocks, such as Amazon.com and Apple, whose market capitalization reached 2 trillion dollars the previous day, supporting the market.

The Tokyo market opened with a buying bias, focusing on technology stocks, following the rise in U.S. stocks. The Nikkei average started at around 39,500 yen and gradually rose, and at one point, it widened its gain to almost the same level as the previous day's rebound high of 39,783.70 yen. TOPYX updated its year-to-date high of 2813.22 points, as large financial stocks such as megabanks were bought. In the adopted stocks of the Nikkei average, semiconductor-related stocks such as Laser Tech <6920>, Advantest <6857>, and Softbank Group <9984> were bought, and the rise of financial stocks such as MS&AD <8725>, Mitsubishi UFJ <8306>, T&D Holdings <8795>, Tokio Marine <8766>, Mitsui Sumitomo <8316>, and Mizuho <8411> also stood out. In addition, Sumitomo Pharma <4506> and Ebara Corporation <6361> were bought.

On the other hand, Hino Motors <7205> was sold due to negative views in reports from securities companies, and stocks such as Shiseido <4911>, Kao <4452>, Nidec <6594>, and Omron <6645> which were implementing structural reforms at their feet also showed a slight decline. In addition, Sharp <6753>, NEC <6701>, and Olympus <7733> were sold. By industry, insurance, banking, securities and commodity futures trading, marine transportation, and wholesale trades rose, while electric and gas utilities, air transportation, pulp and paper, foods, and retail trade declined.

By exchange-traded stocks in the Nikkei average, shares of some semiconductor-related stocks, such as Laser Tech <6920>, Advantest <6857>, and Softbank Group <9984>, were bought, and buying of the rise of financial stocks such as MS&AD <8725>, Mitsubishi UFJ <8306>, T&D Holdings <8795>, Tokio Marine <8766>, Mitsui Sumitomo <8316>, and Mizuho <8411> also stood out. In addition, Sumitomo Pharma <4506> and Ebara Corporation <6361> were bought. On the other hand, Hino Motors <7205> was sold due to negative views in reports from securities companies, and stocks such as Shiseido <4911>, Kao <4452>, Nidec <6594>, and Omron <6645> which were implementing structural reforms at their feet also showed a slight decline. In addition, Sharp <6753>, NEC <6701>, and Olympus <7733> were sold.

By industries, the insurance, banking, securities and commodity futures trading, marine transportation, and wholesale trade sectors rose, while the electric and gas utilities, air transportation, pulp and paper, foods, and retail trade sectors declined.

As for exchange rates, the yen weakened and dollar strengthened to the 161.20 yen level around 10 a.m. It is speculated that there was a strong demand for dollar buying at the timing of the 10:00 a.m. fixing, but there are also voices saying that the dollar was bought as the view that Trump was ahead in the first TV debate for the upcoming presidential election in the United States became stronger. In addition, it was reported that Mr. Mimura, the head of the International Bureau, succeeded Mr. Kanda, who had taken the lead in exchanging rates, which was also a material that strengthened the yen's downward trend.

As the foreign exchange market continues to move in the direction of a weak yen and a strong dollar, caution is growing in the afternoon against government and Bank of Japan intervention in buying yen and selling dollars. The Nikkei average and TOPIX are likely to be sensitive to exchange rate trends.

- The dollar-yen was slightly lower, temporarily rising to the 161 yen level.

On the morning of the 28th, the Tokyo market saw a slight movement in the dollar-yen exchange rate, rising from 160.64 yen to 161.27 yen at one point. The rise in US 10-year bond yields, which fell the previous day, made the dollar dominant, and major currencies fell against the dollar. While it later lost momentum, there is a possibility of a resumption of dollar buying.

The trading range so far is 160.64 yen to 161.27 yen for the dollar-yen, 172.00 yen to 172.38 yen for the euro-yen, and 1.0685 dollars to 1.0710 dollars for the euro-dollar.

Check stocks for the afternoon session

- Seven stocks, including GMO Ad Partners <4784> and Eyes <5242> hit the daily limit up.

*Includes temporary stopper (indicated price)

- SoftBank Group <9984> was the top contributor to the increase, followed by Torelec <8035>.

Economic indicators and remarks by important people

[Economic indicators]

- Tokyo metropolitan area consumer price index (excluding fresh food) for June: +2.1% year-on-year (forecast: +2.0%, May: +1.9%).

- Effective job openings-to-applicants ratio for May: 1.24 (forecast: 1.26, April: 1.26).

- Unemployment rate for May: 2.6% (forecast: 2.6%, April: 2.6%).

- Mining and industrial production for May: +2.8% month-on-month (forecast: +2.0%, April: -0.9%).

[Important Person's Remarks]

-Minister of Finance Suzuki

"We will respond appropriately to excessive volatility."

"We maintain the credibility of the yen."

"Efforts to achieve fiscal soundness are important."

"We are deeply concerned about unilateral volatility."

- Former US President Trump

"Tariffs reduce the deficit and restrain countries like China."

Not applicable.

The translation is provided by third-party software.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

後場に注目すべき3つのポイント～ハイテクに金融株が上昇しTOPIXは年初来高値を更新

Three points to focus on in the afternoon session: Technology and finance stocks rose, and TOPIX reached a new high for the year.

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