[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average; 38781.56; -320.26 TOPIX; 2767.44; -26.82 On the 1st, the Nikkei Average started trading with a loss of 320.26 yen, down to 38,781.56 yen, falling for the first time in 4 days. The US stock market rose on the previous day, July 31st. The Dow Jones Average closed at 40,842.79, up 99.46 dollars, and the Nasdaq at 17,599.40, up 451.98 points. There were mixed expectations following the announcement of the Federal Open Market Committee (FOMC) results. After the opening, the market was mixed. However, subsequently, buying was driven by the strong earnings of major high-tech companies, and the market remained firm throughout the day. Although the Federal Reserve Board (FRB) kept interest rates as expected at FOMC, the market continued to rise due to Powell's chairman's suggestion of a possible rate cut in September during the subsequent press conference.
Today, the Tokyo stock market was bearish. The foreign exchange market swung about three yen higher for the yen and lower for the dollar, with 1 dollar=149.80 yen. This weighed on the stock prices of export-oriented stocks, etc. in the Tokyo market. Moreover, the Nikkei Average had risen for the past 3 days, over 1400 yen, which made it easier to sell in anticipation of short-term returns. On the other hand, the major indexes rose in the US stock market yesterday, which supported stock prices in the Tokyo market. Especially, the Nasdaq Composite Index, with a high proportion of high-tech stocks, rose 2.64%, while the Philadelphia Semiconductor Index (SOX Index), consisting of major semiconductor-related stocks, rose 7.01%. Compared to the Dow Jones Average (up 0.24%), the rise was significant, and served as a factor supporting the stock prices of high-tech and semiconductor-related stocks in the Tokyo market. In addition, major domestic companies are in the midst of announcing their financial results for April to June, and the search for stocks with good business performance and earnings has supported stock prices, but selling was dominant immediately after the opening. In addition, according to the status of securities trading for overseas and domestic investors (weekly) announced before the start of trading, foreign investors sold more domestic stocks for 2 consecutive weeks from July 21st to 27th. The amount of net selling was 670.5 billion yen.
[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.
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Today's Tokyo stock market was bearish. The foreign exchange market was about three yen higher for the yen, and lower for the dollar, at 1 dollar = 149.80 yen, compared to around 15:00 yesterday, making export-related stocks and other stock prices a burden in the Tokyo market. Furthermore, the Nikkei Average had risen over 1,400 yen in the past three consecutive days, making it easier to sell in anticipation of short-term rebounds. On the other hand, the major indexes rose in the U.S. stock market yesterday, and provided support for the stock prices in the Tokyo market. Among them, the Nasdaq Composite Index, with a high ratio of high-tech stocks, rose 2.64%, and the Philadelphia Semiconductor Index (SOX Index), composed of major semiconductor-related stocks, rose 7.01%. The increase was greater than that of the Dow Jones Average (up 0.24%), and served as a supporting factor for the stock prices of high-tech and semiconductor-related stocks in the Tokyo market. Additionally, the announcements of financial results for the April-June period by major domestic companies are in full swing, and the search for stocks with good business performance and earnings has supported stock prices. However, selling was dominant immediately after the opening. Also, according to the situation (weekly) of securities transactions with foreign and domestic investors announced before the start of trading, overseas investors sold more domestic stocks for the second consecutive week from July 21st to 27th. The amount of net selling was 670.5 billion yen.
By sector, real estate, oil and coal products, transportation equipment, rubber products, electric and gas industry, etc. were among the top fallers, while precision instruments, banks, etc. were rising. Among the trading amounts of the TSE Prime, Panasonic Corporation <6752>, TEPCO Holdings, Inc. <9501>, SoftBank Group Corp. <9984>, TDK Corporation <6762>, Japan Airlines Co., Ltd. <9201>, SCREEN Holdings Co., Ltd. <7735>, Marubeni Corporation <8002>, Tokio Marine Holdings, Inc. <8766>, Mitsubishi Heavy Industries, Ltd. <7011>, Komatsu Ltd. <6301>, Osaka Gas Co., Ltd. <9532>, and Nintendo Co., Ltd. <7974> declined. On the other hand, Advantest Corporation <6857>, SOCIONEXT Inc. <6526>, Hitachi, Ltd. <6501>, Resona Holdings, Inc. <8308>, Nitori Holdings Co., Ltd. <9843>, and Japan Post Bank Co., Ltd. <7182> were bought.