[Nikkei Stock Average and TOPIX (Table)]
Nikkei average: 38119.95, -251.81
TOPIX: 2683.62, -8.50
[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.
On the 29th, the Nikkei average started trade down 251.81 yen at 38119.95 yen, a three-day decline. The previous day, the U.S. stock market fell. The Dow Jones average closed at 41091.42, down 159.08 dollars, and the Nasdaq closed at 17556.03, down 198.79 points. After the opening bell and, the Nikkei and other indices were mixed. The Dow saw increased profit-taking sales near record highs, and the Nasdaq saw intensified selling on caution about rising long-term interest rates, as well as selling ahead of the earnings report from the semiconductor manufacturer Nvidia (NVDA). The selling dominated throughout the day.
Selling dominated the Tokyo stock market today. The decline of major indices in the U.S. stock market yesterday weighed on the Tokyo stock prices. Furthermore, the after-hours trading decline of the U.S. Nvidia stock, which reported good earnings, also dampened investor sentiment. Additionally, the Nikkei has been anchored around the mid-38000 yen level recently, highlighting resistance to higher prices. On the other hand, the Nvidia 5-7 quarter earnings, which exceeded expectations, provided reassurance. The Nikkei has shown resilience after a weak start in the morning recently, with some pointing out the strength of the market, but selling was dominant from the opening. It was also reported that foreign investors have been selling domestic stocks for two consecutive weeks from the 18th to the 24th. The net selling amount was 438.3 billion yen.
By sector, electric appliances, iron & steel, retail trade, machinery, and nonferrous metals are among the top decliners, while insurance, pharmaceuticals, pulp and paper, wholesale trade, and warehouse transportation-related are among the top gainers. In the top traded values on the TSE Prime, ZOZO＜3092＞, DISCO＜6146＞, Advantest＜6857＞, LASERTEC＜6920＞, NIDEC＜6594＞, SCREENHD＜7735＞, Toho Elec＜8035＞, JINSHD＜3046＞, SUMCO＜3436＞, SosioNext＜6526＞, Shiseido＜4911＞, Renesas＜6723＞, SonyG＜6758＞, Yoshinoya HD＜9861＞, etc. declined. On the other hand, Tokio Marine＜8766＞, KDDI＜9433＞, ITOCHU＜8001＞, Chugai Pharma＜4519＞, Seven & iHD＜3382＞, Kasumigaseki Capital＜3498＞, Daiichi Sankyo＜4568＞, NTT＜9432＞, Colowide＜7616＞, Mitsubishi UFJ＜8306＞, UNEXT＜9418＞, Astellas Pharma＜4503＞, etc. were rising.
