At the closing on the first day, the number of stocks that rose on the Nikkei average constituent stocks were 20, those that fell were 205, and those that remained unchanged were 0.
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.
Although US stocks rose, the Tokyo market started trading with more selling pressure due to the acceleration of the strong yen and weak dollar exchange rate at 149 yen per dollar. After the Nikkei average reached 38,781.56 yen at the opening, the exchange rate also fell to 148 yen per dollar, which impacted the sharp decline to 37,737.88 yen, approaching the lowest point (37,611.19 yen) during the trading time on July 26. In response to the Nikkei's sharp decline, the Nikkei Volatility Index temporarily rose to 23.12 points, and the trading value of the Prime Market expanded to the 6 trillion yen range for the first time since May 31 (7.7612 trillion yen) due to rebalancing and other reasons, increasing trading activities.
At the end of the day, the Nikkei average was down 975.49 yen (-2.49%) from the previous day at 38,126.33 yen. The trading volume of the Tokyo Stock Exchange Prime Market was 2.507 billion shares with a trading value of 6.0831 trillion yen. All sectors fell, with notable decreases in the real estate industry, transportation equipment, insurance, other financial businesses, and construction industries. In the Tokyo Stock Exchange Prime Market, the percentage of rising stocks is 5%, while declining stocks are 93%.
The top contributor to the decline was SoftBank Group <9984>, which pushed the Nikkei average down by about 119 yen with one stock. The second place was First Retailing <9983>, followed by Shin-Etsu Chemical <4063>, Toyota <7203>, TDK <6762>, Dainippon Sumitomo Pharma <4568>, Fanuc <6954>, and others.
On the other hand, the top contributor to the rise was Advantest <6857>, which pushed up the Nikkei average by about 218 yen with one stock. The second place was TOTO <5332>, followed by Hitachi <6501>, Socionext <6526>, Nitori Holdings <9843>, Nisshin Foods Group <2002>, Sumitomo Dainippon Pharma <4506>, and others.
Nikkei Stock Average 38126.33 (-975.49)
Number of rising stocks 20 (contribution +246.94)
Number of declining stocks 205 (contribution -1222.43)
Number of unchanged stocks 0
○ Top advancing stocks
Code, Stock Name, Latest Price, Day Change, Contribution
<6857> Advantest 6863 834 218.11
<5332> TOTO 4525 396 6.47
<6501> Hitachi Ltd Sponsored ADR 3463 175 5.72
<6526> Socionext 3222 144 4.71
<9843> Nitori Holdings 18100 235 3.84
<2002> Nisshin Rubber Co Ltd 1936 70 2.29
<4506> Sumitomo Dainippon Pharma 473 55 1.80
<4751> CyberAgent 1005 38 1.00
<8354> Fukuoka Financial Group Inc 4380 107 0.70
<5101> Yokohama Rubber Co Ltd 3495 38 0.62
<4188> Mitsubishi Chemical Holdings 921 27 0.44
<7186> Concordia Financial Group Ltd 969 9 0.30
<2802> Ajinomoto Co Inc 6239 8 0.26
<8308> Resona Holdings Inc 1161 69 0.22
Sumitomo Chemical <4005> 394 5 0.16
7 & iHD <3382> 1812 2 0.15
Mitsui Sumitomo Trust HD <8309> 3848 7 0.05
Mitsui OSK Lines <9104> 4816 4 0.04
Nippon Paper Industries <3863> 983 12 0.04
Shizuoka Bank <5831> 1518 1 0.02
Top decreasing stocks
Code, Stock Name, Latest Price, Day Change, Contribution
SoftBank Group <9984> 8555 -607 -119.06
Fast Retailing <9983> 41100 -550 -53.94
Shin-Etsu Chemical <4063> 6486 -262 -42.83
Toyota Motor <7203> 2699 -250 -40.86
TDK <6762> 10185 -350 -34.33
Daiichi Sankyo <4568> 5800 -348 -34.13
Fanuc Corp <6954> 4316 -194 -31.71
Toyota Tsusho <8015> 2717 -316 -30.99
Nitto Denko <6988> 12265 -875 -28.60
Toshiba Materials <8035> 30740 -280 -27.46
Denso Corp <6902> 2316 -198.5 -25.96
KDDI Corporation <9433> 4389 -131 -25.70
Recruit Holdings <6098> 8431 -227 -22.26
Daikin Industries, Ltd. unsponsored adr <6367> 21240 -665 -21.74
<8766> Tokyo Marine Holdings Co., Ltd. fell by 404 yen, or 19.81%, to 5,618 yen. <6920> Laser Tech Corporation fell by 1,490 yen, or 19.48%, to 25,340 yen. <7751> Canon Inc.-Spons ADR fell by 342 yen, or 16.77%, to 4,400 yen. <7951> Yamaha fell by 508 yen, or 16.61%, to 3,087 yen. <8830> Sumitomo Realty & Development Co., Ltd. fell by 458 yen, or 14.97%, to 4,545 yen. <6971> Kyocera Corporation Sponsored ADR fell by 57 yen, or 14.91%, to 1,844 yen.
Laser Tech Co., Ltd. (6920) decreased by 1,490 (-19.48%) to 25,340 yen.
Canon Inc.-spons ADR (7751) decreased by 342 (-16.77%) to 4,400 yen.
7951 Yamaha Corporation, 3087 -508 -16.61
Sumitomo Realty & Development Co., Ltd. - ETF (8830) declined by 458 points (-14.97%) to 4,545 yen.
Kyocera Corporation Sponsored ADR (6971) declined by 57 points (-14.91%) to 1,844 yen.