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後場に注目すべき3つのポイント~売り一巡後は底堅く一時切り返す動きも

Three points to watch in the afternoon session - after the sell-off, there may be a steadfast rebound.

Fisco Japan ·  Aug 19 11:23

In the afternoon of the 19th, there are three points to focus on in trading.

The Nikkei Average fell on the 6th day, and after selling off, it rebounded firmly and briefly.

The dollar-yen is weak due to weakness in Japanese stocks.

Recruit HD <6098> is the top contributor to the drop in value, and Toshiba Elex <8035> is the second.

The Nikkei Average fell on the 6th day, and after selling off, it rebounded firmly and briefly.

The Nikkei Average fell for the first time in six days. It closed the morning trading at 38,047.17 yen (volume approximate 0.707 billion shares), down 15.50 yen (-0.04%) from the previous business day.

The U.S. stock market continued to rise on the 16th. The Dow Jones Industrial Average closed at 40,659.76, up 96.70 points (+0.24%), the Nasdaq closed at 17,631.72, up 37.22 points (+0.21%), and the S&P 500 closed at 5,554.25, up 11.03 points (+0.20%). Concerns about the economy and labor market were expressed by Charles Evans, President of the Federal Reserve Bank of Chicago, and the number of housing starts fell below expectations, causing cautious sell-offs at the opening. Then, the Michigan Consumer Confidence Index, which was released later, exceeded expectations, easing concerns about the economy and strengthening buying back, leading the market to rise. Long-term interest rates continued to decline and were supported by strong expectations of a rate cut. The market rose and closed.

The Tokyo market started with more selling, as it was conscious of the fact that the U.S. stock market had risen for five consecutive sessions and that the weakening of the yen had stabilized. The Nikkei Average, which gradually reduced its decline after the first round of selling, recovered the 38,000-yen level and temporarily rebounded. The market has a solid footing, with last weekend's closing prices ending the morning trading in the prime market. The trading value of the prime market in the morning was about 1.8 trillion yen, decreasing the trading volume, making it a quiet market like the beginning of the week.

In the Nikkei 225 index, Ebara Corporation (6361), Komatsu (6301), and Murata Manufacturing (6981) were sluggish, and Mitsukoshi Isetan Holdings (3099) fell slightly. Societe Nexon (6526), Renesas Electronics (6723), Japan Exchange Group (8697), and Seven & I Holdings (3382) were sold.

In contrast, GS Yuasa (6674) was favored by reports from domestic securities companies, while Laser Tech (6920), Screen Holdings (7735), and SoftBank Group (9984) among semiconductor stocks were also bought. In addition, Nippon Yusen (9101) was bought as positive reports from domestic securities companies were viewed, and Mitsui O.S.K. Lines (9104) and Kawasaki Kisen Kaisha (9107) both rose. In addition, Sumitomo Dainippon Pharma (4506), Aozora Bank (8304), and Mazda (7261) were bought.

In terms of industries, mining, retail trade, machinery, service, and rubber products fell, while marine transportation, information and communications, iron and steel, banking, and precision instruments rose.

Although it has been only two weeks since its record plunge on August 5th, the Nikkei Average has recovered to the 38,000 yen level. The Tokyo stock market has regained its composure. However, in terms of trading volume by price range, there are many trades at the 38,000 yen level, which is considered to be susceptible to selling pressure awaiting a rebound. In the prime market, the trading value is tending to decrease, and with trading of around 4 trillion yen, there is a possibility that it may not be able to absorb selling pressure waiting for a rebound. With the Jackson Hole meeting in the United States coming up over the weekend, there is a possibility that the market may be in a deadlock at the 38,000 yen level until the weekend. The wait-and-see attitude is becoming stronger, and the Nikkei average is likely to remain quiet in the afternoon.

The dollar-yen is weak due to weakness in Japanese stocks.

On the morning of the 19th, the dollar-yen market in Tokyo was weak, rising to 148.05 yen and then falling to 147.30 yen. The dollar buying retreated due to the slowdown in the yield on 10-year U.S. bonds, and the euro-dollar remained firm. In addition, due to the weakness in the Nikkei Average stock price, the yen was bought, and major currencies fell against the yen.

The trading range so far is 147.30 yen to 148.05 yen for the dollar-yen, 162.52 yen to 163.21 yen for the euro-yen, and 1.1023 dollars to 1.1035 dollars for the euro-dollar.

Check stocks for the afternoon session

7 stocks, including Astroscale Holdings <186A> and PRISM BioLab <206A>, hit the limit high.

*Includes temporary stopper (indicated price)

Recruit HD <6098> is the top contributor to the drop in value, and Toshiba Elex <8035> is the second.

Economic indicators and remarks by important people

[Economic indicators]

Japanese machinery orders for June (excluding ships and electric power for civil demand) increased by 2.1% from the previous month (expected 0.9%, May-3.2%).

[Important Person's Remarks]

-Related sources.

Harris, the presidential candidate, proposes new federal subsidies for families with children, homebuyers, and low-income earners, and a new program to curb rising rents and food prices.

Not applicable.

Not applicable.

The translation is provided by third-party software.


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