[Nikkei Stock Average and TOPIX (Table)]

Nikkei average; 35490.58; +465.58 TOPIX; 2508.78; +25.48 On the 13th, the Nikkei average opened with a gain of 465.58 yen to 35,490.58 yen. In the U.S. stock market on the last trading day before the 3-day Tokyo market holidays, the Dow Jones Industrial Average rose $51.05, and the Nasdaq Composite Index rose 85.28 points. The pessimistic view of economic slowdown was considered overblown in response to remarks by financial authorities, supporting the stock market. On the other hand, upward pressure was limited because of the important inflation indicators to be released the following week. The Dow Jones Industrial Average fell 140.53 points and the Nasdaq Composite Index rose 35.31 points on the 12th. There were reports that Iran might launch a retaliatory attack on Israel, which raised awareness of geopolitical risks. In addition, profit-taking sales ahead of the announcement of significant inflation indicators weighed on stocks. On the other hand, buying back of cheaply valued stocks, such as NVIDIA semiconductors, supported the Nasdaq Composite Index.

Today's Tokyo stock market started with a buying trend. Despite fluctuations in the major indices such as the Dow Jones Industrial Average falling by nearly 90 dollars and the Nasdaq rising by over 120 points in the two business days of the 9th and 12th in the US stock market during the 3-day Tokyo market holidays, the fluctuation range was limited. The external environment, such as the exchange rate market where 1 US dollar is worth about 147 yen, remained stable, which gave the Tokyo market a sense of security. In addition, as major companies' earnings reports for the April to June quarter are expected to continue until the first half of this week, the search for undervalued and good performing stocks continued to support the stock prices. However, there are concerns in the market that doubts about the direction of the Bank of Japan's monetary policy cannot be dispelled, and there is no expectation for significant capital inflows. Some investors who wanted to assess upcoming key inflation indicators, such as the July US Consumer Price Index (CPI) to be released tomorrow, July Wholesale Price Index (PPI) to be released on the 13th, and July retail sales to be released on the 15th held back from active buying. Furthermore, many investors will be on summer vacation this week, and active buying is expected to be limited, but buying was the dominant trend at the opening. The national corporate goods price index for July, released before the start of trading, increased by 3.0% compared to the same month of the previous year. The median private forecast compiled by QUICK was also an increase of 3.0%.

[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.

Sector-wise, mining, insurance, wholesale trade, nonferrous metals, precision instruments, etc. saw an increase in their price, while air transportation, rubber products, and pulp and paper saw a decrease. Among the top trading value of TSE Prime were INPEX <1605>, Nexon <3659>, Sumitomo Mining <5713>, TDK <6762>, Keyence <6861>, Kawasaki Heavy Industries <7012>, Tokio Marine <8766>, Fujikura <5803>, Rakuten Group <4755>, Sony Group <6758>, Tohoku Electric <8035>, Hitachi <6501>, Socionext <6526>, Trend <4704>, MS&AD Insurance <8725>, Mitsui E&S <7003>, and Kawasaki Kisen <9107>, which rose. On the other hand, Nitori Holdings <9843>, Bridgestone <5108>, Renesas <6723>, OLC <4661>, SMC <6273>, and Nintendo <7974>, were among those that declined.

Today's Tokyo stock market started with a buying trend. Despite fluctuations in the major indices such as the Dow Jones Industrial Average falling by nearly 90 dollars and the Nasdaq rising by over 120 points in the two business days of the 9th and 12th in the US stock market during the 3-day Tokyo market holidays, the fluctuation range was limited. The external environment, such as the exchange rate market where 1 US dollar is worth about 147 yen, remained stable, which gave the Tokyo market a sense of security. In addition, as major companies' earnings reports for the April to June quarter are expected to continue until the first half of this week, the search for undervalued and good performing stocks continued to support the stock prices. However, there are concerns in the market that doubts about the direction of the Bank of Japan's monetary policy cannot be dispelled, and there is no expectation for significant capital inflows. Some investors who wanted to assess upcoming key inflation indicators, such as the July US Consumer Price Index (CPI) to be released tomorrow, July Wholesale Price Index (PPI) to be released on the 13th, and July retail sales to be released on the 15th held back from active buying. Furthermore, many investors will be on summer vacation this week, and active buying is expected to be limited, but buying was the dominant trend at the opening. The national corporate goods price index for July, released before the start of trading, increased by 3.0% compared to the same month of the previous year. The median private forecast compiled by QUICK was also an increase of 3.0%.

By sector, mining, insurance, wholesale trade, nonferrous metals, precision instruments, and other sectors saw an increase in the price, while air transportation, rubber products, and pulp and paper saw a decrease. Among the top trading value of TSE Prime were INPEX <1605>, Nexon <3659>, Sumitomo Mining <5713>, TDK <6762>, Keyence <6861>, Kawasaki Heavy Industries <7012>, Tokio Marine <8766>, Fujikura <5803>, Rakuten Group <4755>, Sony Group Corp <6758>, Tohoku Electric <8035>, Hitachi <6501>, and Socionext <6526>, Trend <4704>, MS&AD Insurance <8725>, Mitsui E&S <7003>, and Kawasaki Kisen <9107>, which rose. On the other hand, Nitori Holdings <9843>, Bridgestone Corporation Unsponsored ADR <5108>, Renesas <6723>, OLC <4661>, SMC <6273>, and Nintendo Co. Ltd <7974>, were among those that declined.