[Nikkei Stock Average and TOPIX (Table)]
The Nikkei average was up 377.56 yen from the end of the previous week to start at 39025.31 yen. On August 30th, in the US market, the Dow Jones average ended trading at 41563.08, up 228.03 dollars, while the Nasdaq closed at 17713.63, up 197.20 points. The July core personal consumption expenditure (PCE) price index was almost as expected, and after leaning towards gradual interest rate cuts, it rose. With long-term interest rates rising, the market temporarily turned downward. However, in addition to buying at the end of the month, purchases were again made in expectation of a soft landing due to the improvement of the August University of Michigan Consumer Confidence Index and the August Chicago Purchasing Managers' Index, expanding the gains in the final stages. The Dow ended with record high values for consecutive days. The Chicago Nikkei 225 futures liquidation value was 38990 yen, 280 yen higher than in Osaka. Purchases led the way for today's Nikkei average to start, following adjustments made to the Chicago futures. On the 2nd, the US market was closed for the Labor Day holiday, limiting foreign flows. It was pointed out that after a round of morning purchases, a stalemate gradually intensified.
The TOPIX started at 2734.04, up 21.41 points. The top trading volume on the Tokyo Stock Exchange Prime Market included Laser Tech <6920>, SoftBank Group <9984>, Mitsubishi UFJ <8306>, Toyota <7203>, Mitsubishi Heavy Industries <7011>, Advantest <6857>, Tohoku Electric Power <8035>, Honda <7267>, Recruit Holdings <6098>, and First Retailing <9983>, all of which saw increases. Meanwhile, Nitori Holdings <9843> and others experienced declines. In terms of sectors, transportation equipment, services, and banks were among the top gaining sectors.
[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 September 2nd, the Nikkei average started with a sharp rise of 377.56 yen compared to the previous week, reaching 39,025.31 yen. In the US market on August 30th, the Dow Average closed at 41,563.08 dollars, up 228.03 dollars, and the Nasdaq closed at 17,713.63, up 197.20 points. The July core personal consumption expenditure (PCE) price index met expectations and gradually lowered expectations, leading to an increase. Although the market temporarily declined due to the rise in long-term interest rates, it was bought again due to the buying factor at the end of the month, as well as the improvement in the August University of Michigan Consumer Confidence Index and the August Chicago Purchasing Managers' Index, leading to an expansion in the upward movement in the final stages. The Dow set a new record high for consecutive days and closed. The settlement value of the Chicago Nikkei 225 futures was 38,990 yen, up 280 yen from Osaka. The Nikkei average started with buying leading the way today, following the rollover from the Chicago futures. In the US market on the 2nd, it is a holiday for Labor Day and is closed, so the flow of foreign investors is limited, and it is heard in the market that there is a gradual increase in the sense of stagnation after the morning buying is complete.
On the Tokyo Stock Exchange Prime Market, the top trading volume included Laser Tech <6920>, SoftBank Group <9984>, Mitsubishi UFJ <8306>, Toyota <7203>, Mitsubishi Heavy Industries <7011>, Advantest <6857>, Tohoku Electric Power <8035>, Honda <7267>, Recruit Holdings <6098>, and First Retailing <9983>, all of which saw increases. Meanwhile, Nitori Holdings <9843> and others experienced declines. In terms of sectors, transportation equipment, services, and banks were among the top gaining sectors.
