The Nikkei average rose significantly and continued to rise for five days. It closed the morning session at 37,800.42 yen, up 1,073.78 yen (+2.92%) from the previous day, with an approximate trading volume of 0.9 billion 80 million shares.
On the 15th, the US stock market continued to rise. The Dow Jones average was 40563.06 yen, up 554.67 yen (+1.39%), the Nasdaq was 17594.50, up 401.90 points (+2.34%), and the S&P500 was 5543.22, up 88.01 points (+1.61%), at the end of trading. After receiving strong retail sales and weekly unemployment insurance claims data, concerns about the deterioration of consumption and the labor market subsided and the market rose from the start. Expectations of a soft landing increased, and buying dominated the market throughout the day. In the final stage, the gains expanded and the market ended higher.
The Tokyo market opened with a buying bias on the back of a significant rise in US stocks and a weakened yen against the dollar. After recovering the 37,000 yen level for the first time since August 2, the Nikkei average gradually expanded its gains and rose by more than 1000 yen compared to the previous day. It rose above its 200-day moving average and approached its 25-day moving average line, which is positioned at the 37,930 yen level. Nearly 90% of the prime market stocks rose, resulting in an overall uptrend. Renesas Electronics (6723), Disco (6146), Advantest (6857), and SUMCO (3436) semiconductor-related stocks rose, as did Fujikura (5803) and Furukawa Electric (5801) wire stocks. Hitachi (6501), TDK (6762), Taiyo Yuden (6976), and Murata Manufacturing (6981) also rose
Among the Nikkei average constituent stocks, semiconductor-related stocks such as Renesas Electronics, Disco, Advantest, and SUMCO rose due to the rise in US high-tech stocks, as did Fujikura and Furukawa Electric wire stocks. Hitachi, TDK, Taiyo Yuden, and Murata Manufacturing also rose.
On the other hand, NX Holdings (9147), Bandai Namco HD (7832), Meiji Holdings (2269), Toho (9602), and Hino Motors (7205) fell. Only 15 of the Nikkei average constituent stocks fell.
All industries rose, with the rise of oil and coal products, electric appliances, nonferrous metals, mining, and insurance industries being particularly noticeable.
Nikkei Average VI is hovering around 26 points, and investors who anticipate that the index will move significantly are decreasing. Low volatility is also behind today's sharp rise, but attention should be paid to whether it can exceed the 25-day moving average at the close. This does not mean that the trend has changed because the 25-day moving average is downward, but if it exceeds it, it will be the first time since July 19, which should improve investors' minds. During lunchtime, the dollar-yen exchange rate is around 148.70 yen per dollar, and the weakening of the yen and the strengthening of the dollar have eased from the morning, but it may be difficult to try for a further increase in the afternoon, so where the Nikkei Average closes is also important to watch.