[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average; 39,397.56; -196.83 TOPIX; 2,818.07; -15.32 In the afternoon, the Nikkei Average started lower than the previous day's close at 39,397.56, down 196.83 yen from the morning closing of 39,508.84 yen. During lunchtime, the Nikkei 225 futures fell in the range of 39,360 yen to 39,480 yen. The dollar-yen rate has been at a level of 1 dollar = 155.10-20 yen, up 70 yen from around 9 am. The Asian market is showing a directionless move as the Shanghai Composite Index is sandwiched between the previous day's closing price, while the Hong Kong Hang Seng Index was firm in the morning but later turned downwards, falling by about 0.5%.
The afternoon session of the Tokyo market started with a slight selling pressure compared to the morning market close. It is said that the cautious stance of buyers, such as export-related stocks, is due to the fact that the yen was fluctuating towards a stronger yen and weaker dollar than in the morning. On the other hand, the Nikkei Average has fallen more than 1,600 yen in the past five consecutive trading days, and there are concerns that buying on dips will be easier on the downside.
Summary of the start of the afternoon session
In the sector, electrical and gas, marine transportation, and air transportation are the top decliners, while precision instruments, pharmaceuticals, and transportation equipment are on the rise.
In the top trading value of the Tokyo Prime Market, Mitsubishi Motors (7211), Hokkaido Electric Power (9509), Kawasaki Kisen Kaisha (9107), Fujifilm Holdings (4901), Nippon Yusen (9104), Kawasaki Heavy Industries (7012), DISCO (6146), MS&AD Insurance Group Holdings (8725), TEPCO Holdings (9501), and Nippon Yusen (9101) are declining. Meanwhile, Nidec Corporation Sponsored ADR (6594), SHIFT (3697), LOXLEY (6323), SCREEN Holdings (7735), HOYA (7741), Toyota Motor (7203), Mitsubishi Heavy Industries (7011), Renesas Electronics (6723), Mercari (4385), and Murata Manufacturing (6981) are rising.
The Nikkei Average started the afternoon with an expanded decline from the morning market. During lunchtime, the Nikkei 225 futures fell in the range of 39,360 yen to 39,480 yen. The dollar-yen rate has been at a level of 1 dollar = 155.10-20 yen, up 70 yen from around 9 am. The Asian market is showing a directionless move as the Shanghai Composite Index is sandwiched between the previous day's closing price, while the Hong Kong Hang Seng Index was firm in the morning but later turned downwards, falling by about 0.5%.
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