[Nikkei Stock Average and TOPIX (Table)]

Nikkei average; 38,397.28; -14.68.

TOPIX; 2,649.43; -2.04.

[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 23rd, the Nikkei average started trading for the third consecutive day with a decrease of 14.68 yen to 38,397.28 yen. The previous day, the U.S. stock market was mixed. The Dow Jones fell by 6.71 dollars to 42,924.89 dollars, while the Nasdaq rose by 33.12 points to 18,573.13 at the close of trading. With the continuation of selling due to the retreat of aggressive interest rate cuts, the market fell after the opening. Positive economic indicators and an upward revision of the domestic economic growth outlook by the International Monetary Fund (IMF) led to buying supported by expectations of a soft landing, causing the market to turn upward. Towards the end, the Dow was pushed down by selling triggered by dislike of rising interest rates, ending with a slight decline, while the Nasdaq maintained a solid performance on expectations for the technology sector, staying in positive territory. Major indices closed with mixed gains and losses.

The Tokyo stock market saw some selling pressure at the opening today. The decline of the Dow Jones average and the Philadelphia Semiconductor Stock Index (SOX index) composed of major semiconductor-related stocks in the U.S. stock market yesterday weighed on Tokyo market prices. In addition, the development of strong long-term U.S. interest rates in overseas markets also dampened Tokyo market prices. Furthermore, concerns about the general election on the 27th, including the potential for domestic political uncertainty, and increasing caution towards the U.S. presidential election scheduled for November 5 are leading some investors to refrain from aggressive buying. On the other hand, despite a slight decline in the Dow Jones average on the U.S. stock market yesterday, the rise in the Nasdaq Composite Index supported Tokyo market prices. In the foreign exchange market, with 1 dollar = 151.20 yen, the continued movement of the yen at a low value and the strong dollar has provided a sense of stability in the Tokyo market, causing the Nikkei average to temporarily rise after the opening. Today, Tokyo Metro (9023) was listed on the TSE Prime market.

By sector, marine transportation, service industry, securities and futures, nonferrous metals, and machinery are among the top decliners, while transportation equipment, food products, rubber products, other products, and real estate are among the top gainers. In terms of trading value on the TSE Prime, companies like Rohto (6323), Recruit Holdings (6098), Mitsubishi Heavy Industries (7011), NYK Line (9101), Kawasaki Kisen (9107), Mercari (4385), Rakuten Group (4755), Fujikura (5803), Lasertec (6920), Disco (6146), IHI (7013), Keyence (6861) are falling. On the other hand, Toyota (7203), Asahi (2502), Honda (7267), SHIFT (3697), Denso (6902), Renesas (6723), Otsuka Holdings (4578), Nissan Motor (7201), JT (2914), OLC (4661), Nintendo (7974), Shiseido Company,Limited Sponsored ADR (4911) are among the companies that are rising.