In the afternoon trading on the 25th, we want to focus on the following three points.
- The Nikkei average has fallen significantly for 7 consecutive days, with a sharp drop in tech stocks, and temporary scenes of 37,000 yen. - The dollar-yen has fallen significantly, led by yen buying. - Softbank Group<9984> contributed the most to the price decline, followed by Tokyo Electron<8035>. - The Nikkei average has fallen significantly for 7 consecutive days, with a sharp drop in tech stocks, and temporary scenes of 37,000 yen. - The Nikkei average has fallen significantly for 7 consecutive days. It ended the morning session at 38,165.19 yen (approximately 1.04 billion shares), down 989.66 yen (-2.53%) from the previous day. - The U.S. stock market continued to decline. The Dow Jones Industrial Average closed at 39,853.87 dollars, down 504.22 dollars (-1.25%), while the Nasdaq fell 654.94 points (-3.64%) to 17,342.41, and S&P 500 fell 128.61 points (-2.31%) to 5,427.13. Disappointed sales of some high-tech companies' earnings led to a sell-off after the opening and caused a downturn throughout the day. The sluggishness continued to expand due to concerns about global economic indicators and weak domestic new home sales indicators. The year-end selling accelerated due to the persistent uncertainty about the political situation and others, and the range of declines expanded and closed. - Due to the significant decline in major U.S. stock indices and the Philadelphia Semiconductor Index (SOX) falling more than 5% from the previous day, the Tokyo market began trading with more selling pressure. The Nikkei average expanded its decline due to sharp declines in high-tech stocks, and there were scenes where it fell to the 37,000 yen level, the first time during trading hours since June 17th. However, unlike the more than 90% drop the day before, about 70% of Prime market declining stocks remained. - Among the Nikkei average's adopted stocks, Renesas Electronics<6723> became a stop sell due to negative views of the company's briefing, along with semiconductor stocks such as Advantest<6857>, Softbank Group<9984>, Disco<6146>, Socionext<6526>, SUMCO<3436>, Screen HD<7735>, and Tokyo Electron<8035> declined. In addition, Kawasaki Heavy Industries<7012>, Hitachi<6501>, IHI<7013>, Mitsubishi Heavy Industries<7011>, and Mitsukoshi Isetan<3099> were sold. - On the other hand, as the exchange rate progressed to the 152 yen level, Nikkei<2871>, Sapporo Holdings<2501>, Nitori Holdings<9843>, Meiji Holdings<2269>, and NH Foods<2282> rose as yen benefit stocks. In addition, Olympus<7733>, Keio<9008>, and Bandai Namco<7832> were bought. - In terms of industry, electric appliances, machinery, insurance, securities and commodity futures trading, and service industries declined, while air transportation, pulp and paper, foods, fisheries and agriculture, and land transportation increased. - The 10-year government bond yield, which is an indicator of long-term interest rates, rose and was seen to face the recent high of 1.10% in the morning. In the market, there is speculation about the Bank of Japan's implementation of rate hikes at its monetary policy meeting on July 30-31, and interest rates are on the rise. Due to the rise in interest rates and others, there is speculation that speculative selling of the yen has continued to weigh on the market, and the exchange rate has progressed to around 152 yen per dollar, leading to a high-yen dollar weakness. It is a burden for export-related stocks. For the afternoon session of the Tokyo market, we would like to expect a reduction in the decline of the Nikkei average and TOPIX, but if the yen appreciates further, the Nikkei average will likely face another battle at the 38,000 yen level. There is a high possibility that a tough market situation will continue to keep an eye on the interest rate market and the foreign exchange market.
- The weather is good today - The weather is good today.
- SoftBank Group <9984> was the largest contributor to the decline, followed by Tokyo Electron <8035>.
- The Nikkei average has fallen significantly for 7 consecutive days, with a sharp drop in tech stocks, and temporary scenes of 37,000 yen.
- The Nikkei average has fallen significantly for 7 consecutive days. It ended the morning session at 38,165.19 yen (approximately 1.04 billion shares), down 989.66 yen (-2.53%) from the previous day.
- The U.S. stock market continued to decline. The Dow Inc. was closed at 39,853.87 dollars, down 504.22 dollars (-1.25%), while the Nasdaq was down 654.94 points (-3.64%) to 17,342.41, and S&P500 was down 128.61 points (-2.31%) to 5,427.13. Disappointed sales of some high-tech companies' earnings led to a sell-off after the opening and caused a downturn throughout the day. The sluggishness continued to expand due to concerns about global economic indicators and weak domestic new home sales indicators.
- Due to the significant decline in major U.S. stock indices and the Philadelphia Semiconductor Index (SOX) falling more than 5% from the previous day, the Tokyo market began trading with more selling pressure. The Nikkei average expanded its decline due to sharp declines in high-tech stocks, and there were scenes where it fell to the 37,000 yen level, the first time during trading hours since June 17th. However, unlike the more than 90% drop the day before, about 70% of Prime market declining stocks remained.
- Among the Nikkei average's adopted stocks, Renesas Electronics<6723> became a stop sell due to negative views of the company's briefing, along with semiconductor stocks such as Advantest<6857>, Softbank Group<9984>, Disco<6146>, Socionext<6526>, SUMCO<3436>, Screen HD<7735>, and Tokyo Electron<8035> declined. In addition, Kawasaki Heavy Industries<7012>, Hitachi<6501>, IHI<7013>, Mitsubishi Heavy Industries<7011>, and Mitsukoshi Isetan<3099> were sold.
- On the other hand, as the exchange rate progressed to the 152 yen level, Nikkei<2871>, Sapporo Holdings<2501>, Nitori Holdings<9843>, Meiji Holdings<2269>, and NH Foods<2282> rose as yen benefit stocks. In addition, Olympus<7733>, Keio<9008>, and Bandai Namco<7832> were bought.
- In terms of industry, electric appliances, machinery, insurance, securities and commodity futures trading, and service industries declined, while air transportation, pulp and paper, foods, fisheries and agriculture, and land transportation increased.
- The 10-year government bond yield, which is an indicator of long-term interest rates, rose and was seen to face the recent high of 1.10% in the morning. In the market, there is speculation about the Bank of Japan's implementation of rate hikes at its monetary policy meeting on July 30-31, and interest rates are on the rise. Due to the rise in interest rates and others, there is speculation that speculative selling of the yen has continued to weigh on the market, and the exchange rate has progressed to around 152 yen per dollar, leading to a high-yen dollar weakness. It is a burden for export-related stocks. For the afternoon session of the Tokyo market, we would like to expect a reduction in the decline of the Nikkei average and TOPIX, but if the yen appreciates further, the Nikkei average will likely face another battle at the 38,000 yen level. There is a high possibility that a tough market situation will continue to keep an eye on the interest rate market and the foreign exchange market.
- The dollar-yen has fallen significantly, led by yen buying.
In the morning of the 25th, during the Tokyo market, the dollar-yen rate significantly decreased from 153.96 yen to 152.52 yen, a drop of about 1.5 yen. The dominant yen-buying due to the expected additional rate increase at next week's Bank of Japan monetary policy meeting pushed down major currencies. The 152 yen range is the lowest in nearly three months since early May this year.
Check stocks for the afternoon session
- Seven stocks, including Shinka <149A> and Geddat <3841>, hit their daily price limit increase.
*Includes temporary stopper (indicated price)
- SoftBank Group <9984> was the largest contributor to the decline, followed by Tokyo Electron <8035>.
Economic indicators and remarks by important people
[Economic indicators]
- US June wholesale inventory report: +0.2% MoM (Expectations: +0.5%, May: +0.6%)
- US June advance goods trade balance: -$96.8 billion (Expectations: -$98.7 billion, May: -$99.4 billion)
- US June new home sales: 0.617 million units (Expectations: 0.64 million units, May: 0.621 million units ←0.619 million units)
[Important Person's Remarks]
- Schulz, the German Chancellor.
"There is a very high probability that Harris, the Vice President of the Democratic party, will win the US presidential election."
Monthly Economic Report by the Japanese government for July.
- G20 finance ministers and central bank governors meeting in Brazil until the 26th.