[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average: 40420.62, +345.93 points. TOPIX: 2861.25, +4.63 points. In the afternoon, the Nikkei Average started at almost the same level as the morning closing (40425.37 yen), up 345.93 yen compared to the previous day. During lunchtime, the Nikkei 225 futures remained in the range of 40360 yen to 40480 yen. The US dollar-yen exchange rate remained at a level of 1 dollar = 161.60-70 yen, about 20 yen lower yen and higher dollar from around 9 am. The Asian market was sluggish with the Shanghai Composite Index falling about 0.5% in the negative zone, while the Hang Seng Index in Hong Kong remained firm in the positive zone, rising about 0.7%.
The afternoon Nikkei Average started at almost the same level as the morning closing. The stable performance of the Nikkei Average in the morning seems to have provided reassurance in the Tokyo market. On the other hand, some investors may refrain from actively buying due to the fact that the US stock market has a shortened trading day on three days this week and will be closed on the 4th, plus the June US employment statistics will be released over the weekend, and they want to cautiously observe the market trends in the US.
Summary of the start of the afternoon session
The shipping, machinery, and other finance sectors are among the sectors with the highest growth rates while the rubber products, petroleum and coal products, and insurance sectors are among the sectors with the highest decline rates.
Among the top trading values on the Tokyo Stock Exchange Prime Market are: Kasumigaseki Capital <3498>, Taiyo Yuden <6976>, Murata Manufacturing <6981>, Screen Holdings <7735>, IHI Corporation <7013>, Mitsubishi Heavy Industries <7011>, TDK Corporation <6762>, Renesas Electronics <6723>, Kawasaki Heavy Industries <7012>, and Disco Corporation <6146>. On the other hand, NTT Data <9613>, Hitachi <6501>, Suzuki <7269>, Bridgestone Corporation <5108>, Tokio Marine Holdings <8766>, Rakuten Group <4755>, MS&AD Insurance Group Holdings <8725>, Nidec Corporation Sponsored ADR <6594>, Mitsui & Co <8031>, and Sony Group Corp <6758> saw a decline in their stocks.
In the sector, marine transportation, machinery, and other financing businesses are among the top gainers, while rubber products, oil & coal products, and insurance are among the top losers in terms of decline.
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