[Nikkei Stock Average and TOPIX (Table)]

Nikkei average; 39,239.92; +604.30

TOPIX; 2,733.55; +39.48

[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 October 7, the Nikkei average started significantly higher for the 3rd business day in a row at 39,239.92 yen, 604.30 yen higher than the previous week. On the 4th in the U.S. market, the Dow Jones Industrial Average closed at 42,352.75 points, up 341.16 points, and the Nasdaq closed at 18,137.85, up 219.38 points. In September, the U.S. employment statistics showed a significant increase of 0.25 million 4000 non-farm payroll employees compared to the previous month, far exceeding market estimates (an increase of about 0.15 million people). Furthermore, the end of port strikes on the U.S. East Coast contributed to a sense of buying confidence. The settlement price for the Chicago Nikkei 225 futures was 39,625 yen, 1,065 yen higher than Osaka. Today's Nikkei average began to rise following the trend of Chicago futures. Despite continued geopolitical risks, the observation of a significant interest rate cut at the next Federal Open Market Committee (FOMC) meeting in the U.S. has receded following the U.S. employment statistics. Amid rising U.S. long-term interest rates, there were moments in the foreign exchange market where the yen temporarily hit the 149 yen range against the dollar, suggesting a generally bullish mood in the market.

In the top trading value of the Tokyo Stock Exchange Prime Market, major stocks such as Laserteck <6920>, Mitsubishi UFJ <8306>, Toyo Electric <8035>, SoftBank Group <9984>, Advantest <6857>, Toyota <7203>, Hitachi <6501>, Sumitomo Mitsui <8316>, Fast Retailing <9983>, Mizuho <8411>, Recruit Holdings <6098> all experienced a general increase. In terms of industry sectors, banks, insurance, and services were among the top performers in terms of upward movement.