At the close six days ago, the number of rising stocks among the Nikkei average constituent stocks was 218, falling stocks were 5, and unchanged stocks were 2.

The Nikkei average rebounded significantly, closing the morning session at 34,416.32 yen (+9.40%) up 2,957.90 yen from the previous day's close (approximate trading volume of 1.706 billion shares).

The US stock market fell sharply on the 5th. The Dow Jones Industrial Average closed at 38,703.27, down 1,033.99 dollars (-2.60%), the Nasdaq at 16,200.08, down 576.08 points (-3.43%), and the S&P 500 at 5,186.33, down 160.23 points (-3.00%). With concerns of a recession due to weak July employment statistics, selling continued after the opening as well. In addition, with the rapid deterioration of investor sentiment due to the worldwide stock market decline, profit taking accelerated throughout the day. The high-tech sector also dropped and, with slow recovery, selling accelerated again towards the end.

The US stock market dropped sharply, but as the fall in US stocks was factored in from the previous day's Tokyo market, the Tokyo market opened with a significant rebound. With many stocks showing buying interest, the Nikkei average rapidly expanded its gains. The exchange rate increased to the 144 yen level and the yield on the 10-year government bond, which is an indicator of long-term interest rates, also returned to 0.910%, bringing calm back to the currency and interest rate markets. As a result, the Nikkei average rose to 34,911.80 yen at one point. The trading value of the Prime Market in the morning session was in the range of 3.8 trillion yen, and the trading volume was as lively as the previous day.

In the Nikkei average selection stocks, Nippon Steel <5631>, which was evaluated for the first quarter earnings, was in a stop-high buying position, as was Keyence <6861>, which set a new annual low yesterday. In addition, Kikkoman <2801>, Orix <8591>, Tokio Marine <8766>, and Fuji Electric <6504> were in the stop-high buying position, while Renesas Electronics <6723>, Ebara Corporation <6361>, Tokyo Electron <8035>, TDK <6762>, Nippon Electric Glass <6988>, and Laser Tech <6920> rose significantly.

Meanwhile, Ajinomoto <2802> fell as its Q2 net profit did not meet market expectations, and Yamato HD <9064>, JFE Holdings <5411>, Sumitomo Mitsui <8316>, and Konica Minolta <4902> were sold. Only five Nikkei average selection stocks fell.

All industries were bought, with noticeable rises in marine transportation, other financial businesses, insurance, transportation equipment, and rubber products.

The top contributing stock to the rise was Toshiba Electronics <8035>, pushing the Nikkei average up by about 362 yen with one stock. The second place was Advantest <6857>, followed by TDK <6762>, First Retail <9983>, SoftBank G <9984>, Shin-Etsu Chemical <4063>, and Terumo <4543>.

On the other hand, the top contributing stock to the decline was Ajinomoto <2802>, pulling the Nikkei average down by about 15 yen with one stock. The second place was Yamato HD <9064>, followed by Sumitomo Mitsui <8316>, Konica Minolta <4902>, and JFE <5411>.

*As of 11:30.

Nikkei Stock Average 34416.32 (+2957.90)

Number of advancing stocks 218 (contribution +2937.51)

Number of declining stocks 5 (contribution -16.88)

Number of unchanged stocks 2

○ Top advancing stocks

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

<8035> Toshiba Electronics 25750 3695 362.38

<6857> Advantest 6084 771 201.64

<6762> TDK 9169 1338 131.22

<9983> First Retail 37700 1230 120.63

<9984> SoftBank G 6995 595 116.71

<4063> Shin-Etsu Chemical 5931 686 112.13

<4543> Terumo 2404 264 69.04

<2801> Kikkoman 1744 300 49.04

<6988> Nitto Denko 10680 1499 49.00

<4568> Daiichi Sankyo 5375 480 47.08

<7203> Toyota Motor 2516 284 46.42

<7741> Hoya 18835 2770 45.28

<6367> Daikin Industries, Ltd. unsponsored ADR 18900 1310 42.83

<6920> Laser Tech 22535 3160 41.32

Honda (7267) has 1459 employees, with a net income of 208 and a margin of 40.70.

NTT DATA (9613) has 2122 employees, with a net income of 246 and a margin of 40.21.

Fujifilm (4901) has 3156 employees, with a net income of 397 and a margin of 38.93.

Recruit Holdings (6098) has 7473 employees, with a net income of 388 and a margin of 38.05.

Denso (6902) has 2161 employees, with a net income of 277 and a margin of 36.16.

Tokio Marine Holdings (8766) has 4746 employees, with a net income of 700 and a margin of 34.33.

Top decreasing stocks

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

Ajino-Moto (2802) has 5191 employees, with a net income of -459 and a margin of -15.01.

Yamato Holdings (9064) has 1588 employees, with a net income of -36 and a margin of -1.18.

Sumitomo Mitsui Financial Group (8316) has 8002 employees, with a net income of -160 and a margin of -0.52.

Konica Minolta (4902) has 355 employees, with a net income of -2.7 and a margin of -0.09.

JFE Holdings (5411) has 1804 employees, with a net income of -26.5 and a margin of -0.09.