[Nikkei Stock Average and TOPIX (Table)]
Nikkei average; 40877.70; -35.95 TOPIX; 2885.51; -12.96 In the afternoon, the Nikkei average started to decline from the previous day's closing price (41051.49 yen) to 40877.70 yen, down 35.95 yen from the previous day. During lunchtime, the Nikkei 225 futures were in a range of 40860 yen to 41060 yen. The dollar/yen has been at a level of around 80 yen higher against the yen and lower against the dollar since around 9:00 a.m. As for the Asian market, while the Shanghai Composite Index is weak in the negative territory, down about 1.1% and the Hang Seng Index of Hong Kong started slightly higher but turned down and fell about 1.1%. On the afternoon Tokyo market, selling is leading compared to the morning session. It seems that the yen's advance against the dollar compared to the morning is weighing on export-related stocks. In addition, buying is limited as traders want to see tonight's U.S. employment statistics for June which will be announced tonight. Among the sectors, marine transportation, transportation equipment, and electric and gas utilities are the top decliners, while services, pharmaceuticals, and mining are top gainers. In the Tokyo Stock Exchange Prime Market, trading volume was led by Mitsui E&S <7003>, Honda <7267>, NYK Line <9101>, Hokkaido Electric Power <9509>, Mitsui O.S.K. Lines <9104>, Canon <7751>, Disco <6146>, Taiyo Yuden <6976>, Kasumigaseki Capital <3498>, and Toyota <7203> in decline. On the other hand, Kokusai <6525>, Mitsukoshi Isetan <3099>, Mercari <4385>, Kawasaki Heavy Industries <7012>, Screen HD <7735>, Rohm <6963>, Mitsubishi Electric <6503>, Recruit HD <6098>, IHI <7013>, and SociNEXT <6526> rose.
The afternoon Nikkei average started to decline from the previous day's closing price (41051.49 yen) to 40877.70 yen, down 35.95 yen from the previous day. The Tokyo Stock Exchange Prime Market trading volume was led by Mitsui E&S <7003>, Honda <7267>, NYK Line <9101>, Hokkaido Electric Power <9509>, Mitsui O.S.K. Lines <9104>, Canon <7751>, Disco <6146>, Taiyo Yuden <6976>, Kasumigaseki Capital <3498>, and Toyota <7203> in decline. On the other hand, Kokusai <6525>, Mitsukoshi Isetan <3099>, Mercari <4385>, Kawasaki Heavy Industries <7012>, Screen HD <7735>, Rohm <6963>, Mitsubishi Electric <6503>, Recruit HD <6098>, IHI <7013>, and SociNEXT <6526> rose.
Summary of the start of the afternoon session
In the afternoon, the Nikkei average started to decline from the previous day's closing price (41051.49 yen) to 40877.70 yen, down 35.95 yen from the previous day. During lunchtime, the Nikkei 225 futures were in a range of 40860 yen to 41060 yen. The dollar/yen has been at a level of around 80 yen higher against the yen and lower against the dollar since around 9:00 a.m. As for the Asian market, while the Shanghai Composite Index is weak in the negative territory, down about 1.1% and the Hang Seng Index of Hong Kong started slightly higher but turned down and fell about 1.1%.
In the afternoon Tokyo market, selling is leading compared to the morning session. It seems that the yen's advance against the dollar compared to the morning is weighing on export-related stocks. In addition, buying is limited as traders want to see tonight's U.S. employment statistics for June which will be announced tonight.
In regards to sectors, marine transportation, transportation equipment, and electric and gas utilities are the top decliners, while services, pharmaceuticals, and mining are top gainers.