As of the close 1 day ago, the Nikkei average constituent stocks had 15 increases, 210 declines, and 0 unchanged.

The Nikkei average fell significantly, ending morning trading at 38,094.24 yen (approximately 1.42 billion shares) down 1,007.58 yen (-2.58%) from the previous day.

The US stock market rose on July 31. The Dow Jones rose by 99.46 points (+0.24%) to 40,842.79, the Nasdaq rose by 451.98 points (+2.64%) to 17,599.40, and the S&P 500 rose by 85.86 points (+1.58%) to 5,522.30 at the close of trading. The opening was mixed ahead of the outcome of the Federal Open Market Committee (FOMC) announcement, but bullish earnings from major high-tech companies led to strong buying throughout the day and kept the market up. Although, the Federal Reserve Board (FRB) left policy interest rates unchanged as expected during the FOMC, Chairman Powell's hint of a rate cut in September during the subsequent press conference helped to increase market expectations and ended up pushing the market higher.

Despite the rise in US stocks, the Tokyo market opened with a selling bias due to the acceleration of the yen's appreciation against the US dollar, with the exchange rate reaching the 149 yen level. The Nikkei average fell sharply to approach the July 26 low of 37,737.88 after opening at 38,781.56 yen reflecting the effect. As a result of the sharp drop in the Nikkei average, the Nikkei average VI rose temporarily to the 23-point range. Prime market trading volume expanded to 3.2 trillion yen.

Among the Nikkei average constituent stocks, Konica Minolta <4902>, Yamaha <7951>, Mitsubishi Electric <6503>, Panasonic HD <6752>, and Alps Alpine <6770> became selling pressures due to their earnings impact. Real estate stocks were generally sold, including Sumitomo Realty <8830>, Mitsubishi Estate <8802>, Mitsui Fudosan <8801>, Tokyo Tatemono <8804>, and Tokyu Fudosan Holdings <3289>, due to the negative reaction to BOJ Governor Ueda's statement the day before that, "As long as the economy and price outlook permits, we will continue to raise interest rates."

On the other hand, Advantest <6857>, Sumitomo Pharma <4506>, Sociomedia Next <6526>, and Hitachi <6501> were bought in response to positive earnings results and structural reforms. In addition, some banking stocks were solid, such as Resona Holdings <8308>, Fukuoka Financial Group <8354>, Concordia Financial <7186>, and Shizuoka FG <5831>, among others.

While all industries saw selling pressure, the real estate, transportation equipment, machinery, insurance, and electric and gas industries stood out as the biggest losers.

The top negative contributor was First Retailing <9983>, which pushed the Nikkei average down about 122 yen with 1 stock. In second place were Softbank Group <9984>, followed by Shin-Etsu Chemical <4063>, TDK <6762>, Fanuc Corp <6954>, Daiichi Sankyo <4568>, Toyota Tsusho <8015>, etc.

On the other hand, the top positive contributor was Advantest <6857>, which pushed the Nikkei average up about 235 yen with 1 stock. In second place was Socionext <6526>, followed by Nitori Holdings <9843>, TOTO <5332>, Hitachi Ltd sponsored ADR <6501>, Nisshin Flour Milling <2002>, Sumitomo Dainippon Pharma <4506>, etc.

*As of 11:30.

Nikkei Stock Average: 38094.24 (-1007.58)

Number of rising stocks: 15 (contribution +269.15)

Number of declining stocks: 210 (contribution -1276.73)

Number of unchanged stocks 0

○ Top advancing stocks

Code, Stock Name, Latest Price, Day Change, Contribution

<6857> Advantest 6928 899 235.11

<6526> Socionext 3320 242 7.91

<9843> Nitori Holdings 18330 465 7.60

<5332> TOTO 4474 345 5.64

<6501> Hitachi Ltd sponsored ADR 3441 153 5.00

<2002> Nisshin Flour Milling 1946 80 2.62

<4506> Sumitomo Dainippon Pharma 474 56 1.83

<2802> Ajinomoto 6270 39 1.27

<4751> CyberAgent 995 28 0.74

<8354> Fukuoka Financial Group 4365 92 0.60

<9104> Mitsui OSK Lines 4839 27 0.26

<7186> Concordia Financial Group 968 8 0.25

<8308> Resona Holdings 1129 37 0.12

<5831> Shizuoka Bank 1521 3 0.10

<5101> Yokohama Rubber has a market capitalization of 3,462 billion yen, with a gain of 5 and 0.08%.

Top decreasing stocks

Code, Stock Name, Latest Price, Day Change, Contribution

<9983> Fast Retailing has a market capitalization of 40,400 million yen, with a loss of 1,250 and -122.59%.

<9984> SoftBank Group has a market capitalization of 8,650 million yen, with a loss of 512 and -100.43%.

<4063> Shin-Etsu Chemical Co., Ltd. has a market capitalization of 6,492 million yen, with a loss of 256 and -41.84%.

<6762> TDK Corporation has a market capitalization of 10,125 million yen, with a loss of 410 and -40.21%.

<6954> Fanuc Corp has a market capitalization of 4,280 million yen, with a loss of 230 and -37.59%.

<4568> Daiichi Sankyo Co., Ltd. has a market capitalization of 5,826 million yen, with a loss of 322 and -31.58%.

<8015> Toyota Tsusho has a market capitalization of 2,728 million yen, with a loss of 305 and -29.91%.

<6988> Nippon Electric Glass Co Ltd has a market capitalization of 12,275 million yen, with a loss of 865 and -28.28%.

<7203> Toyota Motor has a market capitalization of 2,793 million yen, with a loss of 156 and -25.50%.

<9433> KDDI Corporation has a market capitalization of 4,398 million yen, with a loss of 122 and -23.93%.

<6902> Denso Corp has a market capitalization of 2,333 million yen, with a loss of 181.5 and -23.73%.

<6367> Daikin Industries, Ltd. unsponsored ADR has a market capitalization of 21,190 million yen, with a loss of 715 and -23.37%.

<6098> Recruit Holdings has a market capitalization of 8,433 million yen, with a loss of 225 and -22.07%.

<6971> Kyocera Corporation sponsored ADR has a market capitalization of 1,823 million yen, with a loss of 78 and -20.40%.

<6920> Laser Technology, Inc. has a market capitalization of 25,325 million yen, with a loss of 1,505 and -19.68%.

<8035> TDK Corporation has a market capitalization of 30,840 million yen, with a loss of 180 and -17.65%.

<8766> Tokyo Marine Holdings, Inc has a market capitalization of 5,680 million yen, with a loss of 342 and -16.77%.

<7751> Canon Inc-spons ADR has a market capitalization of 4,408 million yen, with a loss of 334 and -16.38%.

<8830> A-REIT ETF has a market capitalization of 4,506 million yen, with a loss of 497 and -16.25%.

Stock code 4901, Fujifilm, closed at 3420, down 160 or 15.69%.