[Nikkei Stock Average and TOPIX (Table)]

Nikkei average; 39,385.49; +447.95

TOPIX; 2721.83; +22.68

[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 9th, the Nikkei average opened with a rebound at 39,385.49 yen, up 447.95 yen. The U.S. stock market rebounded on the 8th. The Dow Jones Industrial Average closed at 42,080.37, up 126.13 points, and the Nasdaq closed at 18,182.92, up 259.02 points. Concerns about the escalating situation in the Middle East eased, leading to an upward trend after the opening. The market was sold off temporarily as New York Fed President Williams and others suggested that the option of a slight interest rate cut still exists. However, high-tech stocks such as semiconductors Nvidia (NVDA) were bought on dips amid expectations of a soft landing and strong demand for artificial intelligence (AI), supporting the market and pushing it higher again. The rally expanded towards the end of the session.

Buying dominated the Tokyo stock market today. The rising major indices in the U.S. stock market supported Tokyo market prices. In particular, the Nasdaq Composite Index, with a high proportion of high-tech stocks, rose by 1.45%, and the Philadelphia Semiconductor Index (SOX Index), composed of major semiconductor-related stocks, rose by 1.33%, providing significant support for high-tech and semiconductor-related stock prices in Tokyo compared to the 0.30% rise in the Dow. In addition, the foreign exchange market saw the dollar trading around 148.00 yen, maintaining a reassuring trend of a weak yen and strong dollar in the Tokyo market. On the other hand, concerns were raised about the yen's high long-term interest rates in overseas markets, and geopolitical risks in the Middle East persisted. However, buying prevailed at the opening stage. Today, a leaders' debate is scheduled in the National Diet, with the House of Representatives expected to be dissolved.

By sector, precision instruments, service industries, electric appliances, fisheries & forestry, and chemicals are among the top gainers, while mining, other products, and iron & steel are declining. Among the top trading values on the TSE Prime are Advantest <6857>, Recruit Holdings <6098>, Terumo <4543>, Mitsukoshi Isetan <3099>, ENEOS <5020>, Disco <6146>, Lasertec <6920>, HOYA <7741>, Sumitomo Rinnai <1911>, Mercari <4385>, Fujitsu <6702>, Nitori Holdings <9843>, KDDI <9433>, Fujikura <5803>, and others. On the other hand, INPEX <1605>, Nintendo Co Ltd <7974>, TEPCO Holdings <9501>, among others, are declining.