[Nikkei Stock Average and TOPIX (Table)]

Nikkei average; 38,232.47; +312.92.

TOPIX; 2,661.65; +15.71.

[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 1st, the Nikkei average started trading at 38,232.47 yen, up 312.92 yen from the previous day with a rebound. The U.S. stock market rose on the previous day, September 30. The Dow Jones Industrial Average closed at 42,330.15, up 17.15 points, and the Nasdaq closed at 18,189.17, up 69.58 points. Federal Reserve Chairman Powell suggested a slight pace of rate cut in his speech, causing a temporary sharp decline due to disappointment, but by the end of the month, amidst adjustments for the end of the quarter and optimistic views by the chairman on the economy, expectations of a soft landing supported stock prices. The Nasdaq was discouraged by the rise in long-term interest rates, but the rise of Apple's mobile terminals provided support on the downside.

Today in the Tokyo stock market, buying led the way. The key three indexes in the U.S. stock market (Dow Jones, Nasdaq Composite Index, S&P 500) rose, supporting Tokyo market stock prices. In the foreign exchange market, the dollar was at around 143.80 yen, about 2 yen lower and the dollar stronger compared to around 3:00 pm yesterday, which reassured the Tokyo market. Furthermore, the Nikkei average fell by over 1,900 yen yesterday, making it easier for buying on dips. On the other hand, although the major three indexes in the U.S. stock market rose, the Philadelphia Semiconductor Index (SOX index) consisting of major semiconductor-related stocks continued to decline, putting downward pressure on semiconductor-related stocks in the Tokyo market. And while the ruling Liberal Democratic Party's leadership election is expected to nominate former Foreign Minister Ishiba as the new prime minister in today's extraordinary Diet session, there were concerns about the ambiguity of Ishiba's economic policies, but buying was predominant at the opening.

It should be noted that the fully adjusted unemployment rate for August, announced before the start of trading, was 2.5%, down 0.2 points from the previous month. The market median of expectations compiled by QUICK was 2.6%. Also, the effective job offers-to-applicants ratio for August was 1.23 times, down 0.01 points from the previous month. The market's median expectation compiled by QUICK was 1.24 times. Today, Shimadaya <250A> was listed on the Tokyo Stock Exchange Standard.

By sector, marine transportation, transportation equipment, securities, commodity ETFs, real estate, etc., are among the top gainers, while pulp and paper, textiles & apparels, fisheries & agriculture, air transportation, banks, etc., are among the top decliners. Among the top trading value on the Tokyo Stock Exchange Prime, Mitsukoshi Isetan <3099>, Mitsubishi Heavy Industries <7011>, Kawasaki Heavy Industries <7012>, Hitachi <6501>, IHI <7013>, TDK <6762>, Mizuho <8411>, TEPCO Holdings <9501>, Honda <7267>, Disco <6146>, Tohoku Electric <8035>, Mitsui Fudosan <8801>, etc., are up. On the other hand, Rakuten Bank <5838>, rakuten <4755>, Daikin <6367>, Mitsubishi Electric <6503>, NRI <4307>, Mitsubishi Shoji <8058>, Mitsui Sumitomo <8316>, HOYA <7741>, Tokio Marine <8766>, Sony Group <6758>, etc., are declining.