I would like to pay attention to the following 3 points in late-day trading on the 10th.
・The Nikkei Average rebounded for the first time in 6 days, and there is little sense of direction due to trading centered on SQ
・The dollar and yen are slowly bought back into dollars
・Tokyo Electron ＜8035＞ is the top contributor to price increases, and SoftBank G ＜9984＞ is in the same 2nd place
■The Nikkei Average rebounded for the first time in 6 days, and there is little sense of direction due to trading centered on SQ
The Nikkei Average rebounded for the first time in 6 days. The front market transaction was closed at 36244.22 yen (estimated turnover 0.8 billion 30 million shares), which was 28.47 yen higher (+ 0.08%) than the previous day.
The US market rose on the 9th. The Dow average closed at 40829.59 dollars, which was 484.18 dollars higher (+ 1.20%), the NASDAQ was 16884.61, 193.78 points higher (+ 1.16%), and the S&P 500 closed at 5471.05, which was 62.63 points higher (+ 1.16%). After a drastic drop in the market price last week, the motivation to push buy intensified and then came close, then it rose. The results of the August employment statistics announced last week did not deteriorate to the extent that they were alarmed, and purchases in response to soft landing expectations were also supported, and the market price continued to rise during the day. In addition to AI-related products such as the semiconductor NVIDIA picking up, high-tech was also bought due to falling interest rates, and remained steady throughout the day and ended.
In response to a rebound in US stocks and a pause in the appreciation of the yen, etc., the Tokyo market also began trading with a buying advantage. After the morning trading round, trading related to the 9-month option/futures transaction special settlement index (SQ value) on the weekend began in the futures market, and the exercise price of 36,000 yen became 36500 yen conscious. Due to the lack of prominent trading materials, etc., the trading price on the front market Prime Market remained at 1.8 trillion yen, and there was a strong wait-and-see mood.
In stocks adopted by the Nikkei Average, the Konami Group ＜9766＞ was bought based on positive reports from securities companies, and semiconductor stocks such as Screen HD ＜7735＞ and Tokyo Electron ＜8035＞ rose in response to an increase in the Philadelphia Semiconductor Stock Index (SOX Index). In addition to this, financial stocks such as Fukuoka ＜8354＞, Sumitomo Mitsui ＜8316＞, Resona HD ＜8308＞, and Shizuoka Financial Group ＜5831＞ are solid.
By industry, clinical trial results for anticancer drugs were disgusted and Daiichi Sankyo ＜4568＞ became drastically cheaper, and some Apple-related brands such as Taiyo Yuden ＜6976＞, Murata Seisakusho ＜6981＞, and TDK ＜6762＞ declined ahead of time due to a sense that materials were exhausted. In addition, Resonac (4004), Konica Minolta (4902), Bridgestone (5108), and Fast Rite (9983)) were sold.
By industry, banking, fisheries/agriculture and forestry, land transportation, petroleum/coal products, other financial industries, etc. rose, while pharmaceuticals, rubber products, textile products, shipping, precision instruments, etc. declined.
Since trading related to weekend major SQ calculations is at the center of business, there is little sense of direction for the Nikkei Average and TOPIX. There is also a strong mood to determine the results of tonight's TV debate between the Harris Democratic Party candidate and the Trump Republican Party candidate, and the wait-and-see mood will continue. Since the exchange rate has also moved slightly at the level of 143 yen per dollar, it is likely that the Nikkei Average will continue trading at the previous day's closing price level in the aftermath.
■The dollar and yen are slowly bought back into dollars
The dollar and yen were quite small at the Tokyo market on the morning of the 10th. Buybacks intensified against dollars sold in overseas markets the day before due to reluctance to lower 10-year US bond yields, and after falling to 142 yen 85 yen, it began to rise. Also, risk-loving yen sales are boosting major currencies due to a rebound in the Nikkei Stock Average.
The trading range up to this point is 142 yen 85 yen to 143 yen 54 sen for the dollar, 157 yen 71 yen to 158 yen 37 sen for the euro and yen, and 1.1028 dollars to 1.1039 dollars for the euro dollar.
■Backstage check stocks
・5 brands, such as Mercury (5025) and Zine Electronics (6769), are stop-high
*Includes temporary stop height (sign value)
・Tokyo Electron ＜8035＞ is the top contributor to price increases, and SoftBank G ＜9984＞ is in the same 2nd place
■Economic indicators and statements from key figures
[Economic indicators]
・Date: August Money Stock M3: +0.9% YoY
[Remarks by VIPs]
・Australian Finance Minister Chalmers
“The Australian central bank reform plan may be at a standstill due to opposition from opposition parties”
＜Domestic＞
・Nothing in particular
＜Overseas＞
・Time undecided ・August export (year-on-year forecast: +6.6%, July: +7.0%)
・Time undecided ・August imports (year-on-year forecast: +2.5%, July: +7.2%)
・ 15:00 Germany/August Consumer Price Index revised value (year-on-year forecast: +1.9%, preliminary value: +1.9%)
・ 15:00 UK/May-July ILO unemployment rate (forecast: 4.1%, April-June: 4.2%)
・U.S. Presidential Election Candidate Debate