[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average; 36535.60; +303.09 TOPIX; 2571.98; +18.43 On the 14th, the Nikkei average opened 3 consecutive days with an increase of ¥303.09 to ¥36,535.60. The previous day, the US stock market rose. The Dow Jones Industrial Average closed at 39,765.64, up $408.63, whilst the Nasdaq closed at 17187.61, up 407 points. Strong buying on expected interest rate cuts due to the lower-than-expected July Producer Price Index (PPI) caused an increase in share prices after the opening. The Consumer Price Index (CPI), to be announced on the 14th, also raised expectations of further improvement in inflation and triggered buying all day. With a more positive outlook on interest rates, high-tech shares led to strong buying, and the market expanded its gains in the final stages.
The Tokyo stock market opened with buying leading today. The main indices rose in the US stock market yesterday, supporting the Tokyo stock prices. In particular, the Nasdaq Composite Index with a high proportion of high-tech stocks rose by 2.43%, whilst the Philadelphia Semiconductor Stock Index (SOX Index) consisting of major semiconductor-related companies rose by 4.18%, showing a larger increase compared to the Dow Jones Average (1.04%). It became a supporting factor for high-tech and semiconductor-related stocks in the Tokyo market. Additionally, the fact that the US long-term interest rates are declining in overseas markets also became a source of assurance in the Tokyo market. On the other hand, the Nikkei Average rose by over ¥1200 yesterday, recovering the milestone of 36,000 yen, so some foresaw a short-term turnaround. However, some sidelined from aggressively buying as they wanted to assess the announcement of the US Consumer Price Index (CPI) for July, which will be released tonight. Nevertheless, buying was dominant in the opening stage.
[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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By sector, transportation equipment, insurance, banking, service industry, rubber products, etc. were among the top performers for price increases, whilst precision instruments, construction, textiles & apparels, electric/gas industry, chemicals, etc. were among the top performers for price declines. In the top trading value on the TSE Prime, Advantest <6857>, Screen HD <7735>, Subaru <7270>, SoftBank G <9984>, Mizuho <8411>, Resona HD <8308>, Dai-ichi Life HD <8750>, Mitsubishi UFJ <8306>, Tokyo Marine Holdings <8766>, Recruit HD <6098>, Mitsui Sumitomo <8316>, Disco <6146>, Japan Post <6178>, Toyota <7203> rose. Meanwhile, Mercari <4385>, Shin-Etsu Chemical <4063>, Asics <7936>, Matsukiyo Co. <3088>, Kawasaki Kisen Kaisha <9107>, Hitachi <6501>, Hoya <7741>, Trend <4704>, etc. declined.
In terms of sectors, transportation equipment, insurance, banking, service industry, rubber products, etc. are among the top gainers, while precision instruments, construction, textiles & apparels, electric & gas industry, and chemicals are among the top decliners. In terms of trading value on the Tokyo Stock Exchange Prime, Advantest <6857>, Screen HD <7735>, Subaru <7270>, Softbank G <9984>, Mizuho <8411>, Resona HD <8308>, Dai-ichi Life HD <8750>, Mitsubishi UFJ <8306>, Tokio Marine <8766>, Recruit HD <6098>, Mitsui Sumitomo <8316>, Disco <6146>, Japan Post <6178>, Toyota <7203> are on the rise. On the other hand, Mercari <4385>, Shin-Etsu Chemical <4063>, Asics <7936>, Matsumotokiyoshi Holdings <3088>, Kawasaki Kisen Kaisha <9107>, Hitachi <6501>, Hoya <7741>, Trend <4704>, etc. are declining.