[Nikkei Stock Average and TOPIX (Table)]

Nikkei Average; 38,388.04; +25.51

TOPIX; 2,695.80; +2.78

[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 30th, the Nikkei Average rebounded and started trading at 38,388.04 yen, up 25.51 yen. The previous day, the US stock market was mixed. The Dow Jones Industrial Average ended trading at 41,335.05 dollars, up 243.63 dollars, and the Nasdaq fell 39.60 points to 17,516.43. After the opening, the domestic gross domestic product (GDP) for the April-June quarter and revised consumer spending exceeded expectations, leading to an increase. The strength of the domestic economy, labor market, and consumption was demonstrated, and the market continued to rise due to improved economic outlook. Towards the end, the rise in interest rates and the decline of semiconductor manufacturer Nvidia (NVDA) weighed on the Nasdaq, which in turn led to a slowdown in the Dow, but it ended with a record high.

Today's Tokyo stock market started with a slight buying trend. The rise of the Dow Jones Industrial Average in the US stock market yesterday supported the stock prices in the Tokyo market. In addition, it has been pointed out that the Nikkei Average has been resilient after a soft start in the morning, indicating the strength of the stock prices. On the other hand, in yesterday's US stock market, the Nasdaq Composite Index, which has a high proportion of high-tech stocks, and the Philadelphia Semiconductor Index (SOX), which consists of major semiconductor-related stocks, fell, weighing on the stock prices of high-tech and semiconductor-related stocks in the Tokyo market. Furthermore, in the US tonight, highly anticipated economic indicators such as personal income and personal consumption expenditures (PCE) for July will be announced, so some investors are holding off on aggressive buying to assess the situation, and the Nikkei Average has been hovering around the previous day's closing price after the opening.

The Consumer Price Index (CPI) for the Tokyo metropolitan area in August, announced before the start of trading, rose 2.4% compared to the same month of the previous year, excluding fresh food. The median forecast compiled by QUICK was a 2.2% increase. The seasonally adjusted unemployment rate for July, also announced before the start of trading, was 2.7%, up 0.2 percentage points from the previous month. The median forecast compiled by QUICK was 2.5%. The job-to-applicant ratio for July, seasonally adjusted, rose 0.01 percentage points from the previous month to 1.24. The median forecast compiled by QUICK was 1.23. In addition, the preliminary seasonally adjusted industrial production index for July rose 2.8% compared to the previous month. The median forecast compiled by QUICK was a 3.4% increase.

In terms of sectors, nonferrous metals, oil and coal products, marine transportation, electrical and gas industries, and pharmaceuticals are among the top gainers, while real estate, precision instruments, land transportation, retail trade, and transportation equipment are among the top losers.

In the top trading value of the Tokyo Stock Exchange Prime, Fujikura <5803>, Mitsubishi Electric <6503>, Fujitsu <6702>, SoftBank Group <9984>, Nidec <6594>, Recruit Holdings <6098>, Asics <7936>, Murata Manufacturing <6981>, Kawasaki Heavy Industries <7012>, Renesas <6723>, Itochu <8001>, Tokio Marine & Nichido Fire Insurance <8766>, TEPCO Holdings <9501>, and others are rising. On the other hand, Terumo <4543>, Raukusu <6323>, Kasumigaseki Capital <3498>, Laser Tech <6920>, JPX <8697>, Keyence <6861>, Seven & i Holdings <3382>, NTT <9432>, KDDI <9433>, Advantest <6857>, and others are declining.