[Nikkei Stock Average TOPIX (table)]
Nikkei Average; 36029.90; -129.26
TOPIX; 2563.27; -13.27
[Snuggle Overview]
The Nikkei Average on the 11th continued to fall to 36029.90 yen, which depreciated 129.26 yen for 7 days, and trading began. The US stock market the day before, on the 10th, was mixed. The Dow average closed at 40736.96 dollars, down 92.63 dollars, and the NASDAQ closed at 17025.88, which was 141.28 points higher. Purchases in response to expectations of a soft landing continued, and after getting close, they rose. However, the energy sector was weak due to a decline in the financial sector and a drop in crude oil prices, and the Dow began to decline and was sold throughout the day. High-tech remained strong throughout the day due to a decline in long-term interest rates, and the Nasdaq Composite Index rose.
Sales took precedence in the Tokyo stock market today. The fall in the Dow Jones Industrial Average yesterday weighed on stock prices in the Tokyo market. Also, the fact that 1 dollar = 142 yen 20 yen was in the foreign exchange market, and the fact that the yen appreciated and the dollar depreciated by about 1 yen compared to around 15:00 yesterday was a factor that deterred buyers from export stocks etc. in the Tokyo market.
Furthermore, in the US today, the US consumer price index (CPI) for August and the producer price index (PPI) for August were announced tomorrow, and since the US Federal Open Market Committee (FOMC) and the Bank of Japan monetary policy meeting will be held next week, there was also a tendency to forego aggressive purchases in order to determine these. Meanwhile, the Dow average fell in the US stock market yesterday, but the fact that it was reluctant to decline after falling over 400 dollars at one point gave a certain sense of security in the Tokyo market.
Also, the rise in the Nasdaq Composite Index, which has a high high-tech stock ratio, and the Philadelphia Semiconductor Stock Index (SOX Index), which consists of major semiconductor-related stocks, supported the stock prices of high-tech stocks and semiconductor-related stocks in the Tokyo market.
Furthermore, since the Nikkei Average continued to fall by more than 2,500 yen for 6 days until yesterday, it was easy for long-awaited purchases to enter, but sales were dominant during the donation stage. Today, from 10:00 a.m. Japan time, a TV debate between Democratic Party Vice President Harris and former Republican President Trump will be held for the US presidential election.
By sector, the mining industry, transportation equipment, petroleum and coal products, real estate business, securities commodity futures, etc. have a high price drop rate, and prices of pharmaceuticals, electrical equipment, and pulp and paper are rising.
TEPCO HD ＜9501＞, Kawasaki Shigeru ＜7012＞, INPEX ＜1605＞, Nissan's ＜7201＞, Denso ＜6902＞, Sumitomo Corporation ＜8053＞, Marubeni ＜8002＞, Toyota ＜7203＞, FANUC ＜6954＞, KDDI ＜9433＞, Nippon Steel ＜5401＞, etc. have declined. Meanwhile, Fujitsu ＜6702＞, Mercari ＜4385＞, Disco ＜6146＞, Murata ＜6981＞, ASICS ＜7936＞, East Electric ＜8035＞, Daikin ＜6367＞, NEC ＜6701＞, Hitachi ＜6501＞, Keyence ＜6861＞, Screen HD ＜7735＞, Rakuten Group ＜4755＞, Shin-Etsu ＜4063＞, etc. are rising.