[Nikkei Stock Average and TOPIX (Table)]

The Nikkei average was 38,933.60, down 21.00 points.

TOPIX was at 2,674.44, down 5.47 points.

[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 22nd, the Nikkei average opened lower at 38,933.60 yen, down 21.00 yen. In the United States stock market on the 21st, the Dow Jones Industrial Average closed down 344.31 points at 42,931.60, while the Nasdaq closed higher by 50.46 points at 18,540.01. Concerns over rising long-term interest rates led to selling pressure, causing a decline after the opening. The Dow was impacted by selling due to worse-than-expected September leading indicators and profit-taking sales, leading to a soft performance throughout the day and an expanded decline towards the end. The Nasdaq was supported by the rise of semiconductors such as Nvidia (NVDA) and mobile devices like Apple (AAPL), allowing it to barely recover into positive territory.

The Tokyo stock market experienced somewhat of a selling trend today. The major indices in the US stock market yesterday closed mixed, with the Dow Jones declining, which weighed down on stock prices in Tokyo. Also, the rising long-term interest rates overseas raised concerns about the relative overvaluation of stock prices. Furthermore, in anticipation of the House of Representatives election scheduled for the 27th and increasing caution towards the US presidential election on November 5th, there were those who refrained from active buying. Conversely, in the US stock market yesterday, high-tech stocks led to mild increases in indices like the Nasdaq Composite and the Philadelphia Semiconductor Index (SOX), providing support for high-tech and semiconductor-related stocks in Tokyo. Additionally, in the foreign exchange market, the dollar strengthened to around 150.60 yen, around 1.20 yen weaker than around 3:00 PM yesterday. This shift to a stronger dollar supported export stocks, leading the Nikkei average to turn lower after the opening. Today, Schoo <264A> was listed on the Tokyo Stock Exchange Growth Board.

In terms of sectors, the air transportation industry, real estate industry, land transportation industry, pharmaceuticals, and construction industry were among the top in terms of decline rates. On the other hand, the electric and gas industry, transportation equipment, service industry, oil & coal products, and mining industry stood out in the top ranks in terms of increase rates. In the top trading volume on the Tokyo Stock Exchange Prime Board, Sumitomo Forestry <1911>, Kasumigaseki Capital <3498>, Rakuten Group <4755>, Keyence <6861>, Mercari <4385>, SoftBank Group <9984>, Takeda Pharma <4502>, Kobe Bussan <3038>, Sosei Next <6526>, Mizuho <8411>, Daikin <6367>, Disco <6146>, among others, experienced declines. On the other hand, Fujikura <5803>, WNI Weather <4825>, NEC <6701>, Recruit HD <6098>, Hitachi <6501>, Kawasaki Kisen <9107>, Advantest <6857>, Mitsubishi Shoji <8058>, Kawasaki Heavy <7012>, Nippon Yusen <9104>, SMC <6273>, and Toyota <7203> among others, recorded increases.