[Nikkei Stock Average and TOPIX (Table)]
Nikkei average; 38139.12; +471.71 TOPIX; 2731.83; +32.29 On July 29, the Nikkei average started with a sharp rebound of 47.71 yen higher than the previous week at 36593.12 yen. On July 26, the Dow Jones Industrial Average ended trading at 40589.34 dollars, up 654.27 dollars, and the Nasdaq ended trading at 17357.88, up 176.16 points. Buying ahead of good earnings reports from major companies led to an increase after the opening. The PCE price index also stayed within expectations, confirming the trend of inflation slowing down, and the market continued to rise on buying expectations for a rate cut later this year. Buying on the expectation of a soft landing was also evident, and the market remained solid throughout the day. The Chicago Nikkei 225 futures settlement price is 38235 yen, 545 yen higher than Osaka. Today's Nikkei average is led by buying from the Chicago futures market. After a significant decline last week, with prices dropping to 37611.19 yen at one point, prices have rebounded on a trend of self-sustaining recovery, particularly in high-tech stocks, buoyed by a surge in U.S. stocks.
TOPIX; 2731.83; +32.29
[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.
On July 29, the Nikkei average started with a sharp rebound of 47.71 yen higher than the previous week at 36593.12 yen. On July 26, the Dow Jones Industrial Average ended trading at 40589.34 dollars, up 654.27 dollars, and the Nasdaq ended trading at 17357.88, up 176.16 points. Buying ahead of good earnings reports from major companies led to an increase after the opening. The PCE price index also stayed within expectations, confirming the trend of inflation slowing down, and the market continued to rise on buying expectations for a rate cut later this year. Buying on the expectation of a soft landing was also evident, and the market remained solid throughout the day. The Chicago Nikkei 225 futures settlement price is 38235 yen, 545 yen higher than Osaka. Today's Nikkei average is led by buying from the Chicago futures market. After a significant decline last week, with prices dropping to 37611.19 yen at one point, prices have rebounded on a trend of self-sustaining recovery, particularly in high-tech stocks, buoyed by a surge in U.S. stocks.
In the top sales of the Tokyo Stock Exchange Prime Market, Toshiba Materials <8035>, Disco <6146>, Mitsubishi Heavy Industries <7011>, Toyota Motor <7203>, Laser Tech <6920>, Softbank Group <9984>, Hitachi <6501>, Renesas <6723>, Sony Group <6758>, Advantest <6857>, and others are on the rise. By sector, insurance, non-ferrous metals, chemicals, etc., are leading the way in the rise.