At the closing 11 days ago, the Nikkei average constituent stocks had 102 gainers, 118 decliners, and 5 unchanged.

The Nikkei average rose for the 3rd consecutive day. It closed the morning session at 39,612.82 yen, up 231.93 yen from the previous day (+0.59%), with an estimated volume of 0.780 billion shares traded.

The U.S. stock market fell on the 10th. The Dow Jones fell 57.88 points to 42,454.12, and the Nasdaq closed at 18,282.05, down 9.57 points. The Consumer Price Index (CPI) exceeded expectations, leading to a decrease in expectations of an immediate interest rate cut by the Federal Reserve, resulting in a decline after the opening. The impact of a major hurricane and a significant increase in weekly initial jobless claims led to a deterioration in the economic outlook, further downward pressure, and continued decline. The rise of semiconductor company NVIDIA, a leader in the AI field, provided support to the overall market and narrowed the losses towards the end.

Despite the decline in U.S. stocks, the rise of NVIDIA was considered a positive factor, leading the Tokyo market to open with a buying bias. The Nikkei average started in the 39,600 yen range, with an upper limit-heavy trend, maintaining a positive comparison to the previous day. Due to factors like the upcoming 3-day weekend, cautious trading led to thin trading volumes. The special clearing index (SQ) for options calculated at the opening and Mini Nikkei 225 futures for October were approximately 39,701.93 yen.

Among the Nikkei average constituent stocks, Fast Retailing <9983>, benefiting from strong domestic and international UNIQLO business, reached a record high since its listing, while Mitsui OSK Lines <9104> saw buying interest fueled by positive reports from securities companies. Banking stocks like Sumitomo Mitsui <8316>, Mitsubishi UFJ <8306>, Chiba Bank <8331>, and Resona Holdings <8308> rose. Fujikura <5803>, Advantest <6857>, and Kawasaki Heavy Industries <7012> also showed prominent increases.

On the other hand, Seven & i Holdings <3382> announced business reorganization for corporate value enhancement but faced selling pressure as profit forecasts for the fiscal year ending February 25 were lowered. Along with this, Asahi Group Holdings <2502>, Sapporo Holdings <2501>, and other yen-positive stocks saw selling. Additionally, Kanto private railway stocks like Tobu Railway <9001> and Odakyu Electric Railway <9007> showed lackluster performance amid the Metro listing anticipation.

In terms of industry sectors, insurance, banking, nonferrous metals, marine transportation, and wholesale trade rose, while food, rubber products, construction, land transportation, and other products declined.

The top contributors to the gains were Fast Retailing <9983>, pushing the Nikkei average up by about 173 yen single-handedly. Advantest <6857> took the second spot, followed by Chugai Pharmaceutical <4519>, Toyo Electric <8035>, Fujikura <5803>, Recruit Holdings <6098>, and Tokio Marine Holdings <8766>.

On the other hand, SoftBank Group Corp <9984> was the top contributor to the decline, pushing the Nikkei average down by about 13 yen with one stock. The second place was taken by Seven & i Holdings Co <3382>, followed by KDDI Corporation <9433>, NTT Data Corp <9613>, Kao Corp <4452>, Shin-Etsu Chemical Co <4063>, Asahi Group Holdings <2502>, and others.

*As of 11:30.

Nikkei Average Stock Price 39612.82 (+231.93)

Number of advancing stocks 102 (Contribution +341.78)

Number of declining stocks 118 (Contribution -109.85)

Number of unchanged stocks 5

○ Top advancing stocks

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

First retail inc 53310 1950 173.12

Advante 7721 183 48.14

Chugai Pharmaceutical 7113 164 16.18

Toyo Electric 25675 160 15.78

Fujikura 5455 285 9.37

Recruit Holdings 9673 69 6.81

Tokio Marine Holdings 5609 89 4.39

Fanuc Corp 4096 25 4.11

<6762> TDK 1907 8 3.95

<6758> Sony Group Corp 2847 21 3.37

<7741> HOYA 21560 195 3.21

<7733> Olympus 2847 21 2.76

<4901> Fujifilm 3806 25 2.47

<8058> Mitsubishi Corporation 2989 25 2.42

<8031> Mitsui & Co 3292 36 2.37

<8267> AEON 3609 67 2.20

＜6506＞ Yaskawa Electric 4708 59 1.94

＜7735＞ Screen Holdings 10565 145 1.91

＜6146＞ Disco Corp. 37650 280 1.84

＜4568＞ Daiichi Sankyo 5008 17 1.68

Top decreasing stocks

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

＜9984＞ Softbank Group 8973 -68 -13.42

＜3382＞ 7 & i Holdings 2215 -110 -10.85

<9433> KDDI 4761 -34 -6.71

<9613> NTT Data G 2497 -37.5 -6.17

<4452> Kao 6890 -153 -5.03

<4063> Shin-Etsu Chemical 6166 -27 -4.44

<2502> Asahi Group Holdings 1797 -43.5 -4.29

<4503> Astellas Pharma 1744 -22.5 -3.70

<6724> Seiko Epson Corp. Unsponsored ADR 2778 -46 -3.03

<9735> Secom Co 5339 -42 -2.76

Canon Inc-Spons ADR 7751 5042 -53 -2.61

Mercari Inc 4385 2455 -55.5 -1.82

Daiwa House Industry Co Ltd 1925 4572 -48 -1.58

Kyowa Kirin Co Ltd 4151 2621 -45.5 -1.50

Nitori Holdings Co Ltd 9843 21280 -90 -1.48

Kikkoman Corp 2801 1667 -9 -1.48

Suzuki Motor Corp 7269 1607 -11 -1.45

Shionogi & Co Ltd 4507 2076 -14.5 -1.43

Laser Tech, ticker symbol 6920, has a stock price of 24,155, down by 95, -1.25%

Sekisui House, ticker symbol 1928, has a stock price of 3,816, down by 38, -1.25%