The Nikkei average is 1,199 yen higher (as of 13:50). In terms of Nikkei average contribution, Fast Retailing <9983>, Advantest <6857>, SoftBank Group <9984>, etc. are among the top contributors, while Daiichi Sankyo <4568>, Obayashi Corporation <1802>, NTT <9432>, etc. are among the top negative contributors. All sectors are showing an increase. Electric appliances, nonferrous metals, machinery, transportation equipment, and precision instruments are among the top gainers.
The Nikkei average is showing a solid performance. After a consecutive decline of 7 days with a drop of over 3,000 yen, the Nikkei average seems to be attracting bargain hunters. In addition, the Dow Jones futures are showing a steady performance in extended hours trading, providing a sense of relief in the Tokyo market. On the other hand, there is some caution towards further upside due to the upcoming announcement of the August U.S. Producer Price Index (PPI) tonight and the calculation of the special liquidation index (SQ) for September futures and options on the Japanese stock index tomorrow.
