At the closing time 10 days ago, the number of rising stocks in the Nikkei average constituents was 147, the number of falling stocks was 77, and there was 1 stock that did not change.

The Nikkei average continued to rise. It ended the morning session at 39,395.05 yen, up 117.09 yen (+0.30%) from the previous day, with an estimated volume of 0.770 million shares traded.

The U.S. stock market extended its gains on the 9th. The Dow Jones Industrial Average closed at 42,512.00, up 431.63 points, while the Nasdaq ended trading at 18,291.62, up 108.70 points. Expectations for a swift rate cut by the Federal Reserve receded, leading to a decline after the opening. However, supported by expectations that China's fiscal stimulus aimed at reviving the economy will support global economic and corporate sales recovery, the market turned upwards. It became clear that all participants in the September Federal Open Market Committee (FOMC) meeting agreed to continue the rate cuts as revealed in the minutes released by the Federal Reserve. As a result, the market extended its gains towards the end of the session, with the Dow setting a new record high.

In response to the strong movement of U.S. stocks, the Tokyo market started trading with a bias towards buying. The Nikkei average rose to the 39,600 yen range, but hesitated due to the volatile Chinese stock market. The focus was on the U.S. CPI data for September, leading to a cautious market with heavy resistance levels. The trading value in the morning prime market remained at 1.7 trillion yen, indicating a cautious stance by investors.

Among the Nikkei Stock Average constituent stocks, Suzuki Corp <7269>, SUBARU Corp unsponsored adr <7270>, Honda <7267>, Nissan Motor Co., Ltd <7201>, Mazda Motor Corp <7261> and other automobile-related stocks were bought, as the exchange rate rose to the 149-yen range against the dollar. J. Front Retailing Co., Ltd <3086> also rose as a positive securities company report was taken into account. Softbank Group Co <9984>, nikon corp spons <7731>, Ricoh Co <7752>, Kubota Corp <6326> were also bought.

However, Aeon <8267>, which announced a 76% year-on-year decrease in net profit for the March-August 2024 period, saw significant declines, as well as shiseido company,limited sponsored adr <4911> and fanuc corp <6954>, among other China-related stocks. Defense-related stocks like Kawasaki Heavy <7012>, Mitsubishi Heavy <7011>, IHI <7013>, Nippon Steel & Sumitomo Metal <5631> were also weak. TOPPAN HOLDINGS <7911>, Fujikura <5803>, NEC <6701>, Chugai Pharmaceutical <4519> were among the stocks sold.

In terms of global sectors, rubber products, banking, transportation equipment, insurance, and pharmaceuticals saw increases, while retail trade, other products, textiles & apparels, services, and metal products experienced declines.

The top contributor to the rise was SoftBank Group <9984>, which pushed the Nikkei average up by about 56 yen with one stock. The second place was taken by Fast Retailing <9983>, followed by Shin-Etsu Chemical <4063>, Honda <7267>, KDDI <9433>, Kyocera <6971>, Terumo <4543>, and others.

On the other hand, the top contributing decliner was Advantest <6857>, which pushed the Nikkei average down by about 22 yen with one stock. The second was Toyo Elec <8035>, followed by Aeon <8267>, TDK <6762>, Chugai Pharma <4519>, fanuc corp <6954>, Recruit Holdings <6098>, and others.

*As of 11:30.

Nikkei Average Stock Price 39395.05 (+117.09)

Number of advancing stocks 147 (contribution +249.20)

Number of declining stocks 77 (contribution -132.11)

Number of unchanged issues　1

○ Top advancing stocks

Code, Stock Name, Latest Price, Day Change, Contribution

SOFTBANK Group, Code: 9984, 2881, 285, 56.23

FIRST RETAIL, Code: 9983, 51140, 430, 38.18

SHIN-ETSU CHEMICAL, Code: 4063, 6202, 73, 12.00

HONDA, Code: 7267, 1585, 32, 6.21

KDDI, Code: 9433, 4811, 30, 5.92

KYOCERA, Code: 6971, 1726, 21, 5.52

TERUMO, Code: 4543, 2952, 20, 5.26

SUZUKI, Code: 7269, 1622, 33, 4.27

<7203> Toyota Motor 2590 26 4.27

<6645> Omron 6551 122 4.01

<4503> Astellas Pharma 1770 23 3.78

<7733> Olympus 2847 28 3.62

<6902> Denso 2150 28 3.62

<8015> Toyota Tsusho 2713 36 3.50

<6988> Nitto Denko 2483 20 3.21

<4568> Daiichi Sankyo 4968 31 3.06

<2801> Kikkoman 1677 19 3.04

<9766> Konami G 14770 90 2.96

<5108> Bridgestone 5674 85 2.79

<4523> Eisai 5571 80 2.63

Top decreasing stocks

Code, Stock Name, Latest Price, Day Change, Contribution

<6857> Advante 7553 -86 -22.62

<8035> Tohoku Electric 25630 -140 -13.81

＜8267＞ AEON 3554 -324 -10.65

＜6762＞ TDK 1894 -21 -10.36

＜4519＞ Chugai Pharmaceutical 6938 -90 -8.88

＜6954＞ Fanuc Corp. 4076 -44 -7.23

＜6098＞ Recruit Holdings 9654 -65 -6.41

＜9613＞ NTT DATA INC 2528 -36 -5.92

＜5803＞ Fujikura 5120 -126 -4.14

＜6920＞ Lasertec Corporation 24375 -295 -3.88

<7832> Bandai Namco Holdings Inc. 3465 -31 -3.06

<7912> Dai Nippon Printing Co., Ltd. 2672 -71.5 -2.35

<7911> Toppan Printing Co., Ltd. 4349 -143 -2.35

<6146> Disco Corporation 37520 -330 -2.17

<3659> Nexon Co., Ltd. 2747 -31.5 -2.07

<4911> Shiseido Company, Limited Sponsored ADR 3669 -59 -1.94

<3092> Zozo, Inc. 5363 -56 -1.84

<7735> SCREEN Holdings Co., Ltd. 10415 -130 -1.71

Oriental Land Co., Ltd. unsponsored ADR 3647 -41 -1.35

Mercari 2533 -36 -1.18