[Nikkei Stock Average and TOPIX (Table)]
Nikkei average; 36,536.25; -511.36.
TOPIX; 2602.57; -30.92.
[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 5th, the Nikkei average started trading down for the third consecutive day at 36,536.25 yen, down 511.36 yen. The previous day, the U.S. stock market was mixed. The Dow Jones rose by 38.04 dollars to 40,974.97 dollars, while the Nasdaq closed at 17,084.30, down 52.00 points. Cautious of the decline in the semiconductor sector, the market opened lower after the opening bell. Concerns grew about a significant interest rate cut due to July's JOLT job openings falling more than expected, leading to a temporary buying spree and a subsequent rise.
However, Atlanta Fed President Bostic mentioned the risks of labor market disruption in an essay, urging for an early rate cut. In addition, the Federal Reserve Board (FRB) indicated a slight economic slowdown in the Beige Book report released by regional Federal Reserve Banks, limiting upside potential due to cautiousness ahead of the employment statistics announcement.
Selling dominated the Tokyo stock market today. In the foreign exchange market, the dollar was around 143.30 yen, roughly 1.90 yen higher compared to around 3:00 PM yesterday, leading to a stronger yen and weaker dollar in Tokyo, weighing down export-related stocks and stock prices. Additionally, some investors refrained from active buying as they wanted to assess the August U.S. employment statistics to be released tomorrow.
On the other hand, the U.S. stock market, which experienced a significant decline in major indices on the 3rd, provided a sense of relief in the Tokyo market as despite yesterday's mixed performance of major indices, the Philadelphia Semiconductor Index (SOX) comprising the Dow Jones and major semiconductor-related stocks made a slight recovery.
In addition, due to the drop in the Nikkei average price to more than 1600 yen yesterday, it was easy for buying aimed at autonomous rebound to enter, but selling was dominant at the opening. According to the situation of transactions such as foreign and domestic securities transactions announced before the start of trading (weekly), foreign investors sold domestic stocks for three consecutive weeks from August 25th to 31st. The amount of selling exceeded 824.4 billion yen.
In terms of sectors, mining, oil and coal products, insurance, banking, and transportation equipment are among the top decliners, while warehouse transportation-related and air transport industries are on the rise.
In the top trading volume on the Tokyo Stock Exchange Prime, SOMPO <8630>, Tokio Marine <8766>, Mitsui <8031>, Colowide <7616>, Mitsubishi UFJ <8306>, Toyota <7203>, SMC <6273>, Fujifilm HD <4901>, Itochu <8001>, Kawasaki Kisen <9107>, Komatsu <6301>, Fast Retailing <9983>, Mizuho <8411>, Recruit HD <6098>, etc. have declined. On the other hand, Nitori HD <9843>, NRI <4307>, Ryohin Keikaku <7453>, KDDI <9433>, etc. have risen.
