[Nikkei Stock Average and TOPIX (Table)]
Nikkei average: 38,524.20, -630.65. TOPIX: 2,753.38, -39.74.
On the 25th, the Nikkei average started trading with a drop of 630.65 yen to 38,524.20 yen, down for the 7th consecutive day. The US stock market on the 24th continued to decline. The Dow Jones Industrial Average ended trade at 39,853.87, down 504.22 dollars, while the Nasdaq fell 654.94 points to 17,342.41. Disappointing earnings from some high-tech companies led to selling pressure and resulted in a decline after the launch. The world economic indicators were also weak, and domestic new housing sales indicators were also weak, causing concerns for the economy to spread and the market to remain sluggish throughout the day. The persistent uncertainty about the political situation also accelerated the sell-off and widened the decline in the final stage.
[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.
Today Tokyo stock market was led by selling. The decline in major indices in the US stock market yesterday weighed on Tokyo market stocks. In particular, the Nasdaq Composite Index, which has a high ratio of high-tech stocks, fell by 3.64%, and the Philadelphia Semiconductor Stock Index (SOX Index), which consists of major semiconductor-related stocks, fell by 5.41%, which was a larger decline than the Dow Jones (-1.25%) and became a factor for the Tokyo market to hold back buying high-tech and semiconductor-related stocks. In addition, the rise in long-term US interest rates in foreign markets yesterday also caused market psychology to shrink. On the other hand, the Nikkei average fell more than 2,100 yen for six consecutive days until yesterday, making it easier to buy on dips, but selling was dominant at the opening stage. According to the situation (weekly) of the foreign and domestic securities trading contracts announced before the start of trading, overseas investors sold more domestic stocks than they bought for the first time in four weeks from July 14 to 20. The amount sold was 49 billion yen.
All industries dropped sector by sector. Electric appliances, security commodity futures, wholesale trade, insurance, oil and coal products were among the top decliners. Among the top buying and selling amounts in the Tokyo Stock Exchange Prime Market, Disco<6146>, Advantest<6857>, Renesas<6723>, Hitachi<6501>, Softbank G<9984>, Kawasaki Heavy Industries<7012>, Mitsubishi Heavy Industries<7011>, Toko Electric<8035>, Laser Tek<6920>, Sosei Next<6526>, Screen HD<7735>, Recruit HD<6098>, Mitsubishi Shoji<8058>, Nidec<6594> and others declined. On the other hand, Nitori Holdings<9843> and others are rising.