At the closing on the 29th, the number of rising stocks in the Nikkei average constituents was 174 stocks up, 49 stocks down, and 2 stocks unchanged.

The Nikkei average continued to rise. It closed the morning session at 38,819.51 yen, up 213.98 yen (+0.55%) from the previous day's close, with an estimated volume of 820 million shares traded.

The U.S. stock market rose on the 28th. The Dow Jones Industrial Average closed up 273.17 points at 42,387.57, while the Nasdaq ended trading at 18,567.19, up 48.58 points. Concerns about escalating tensions in the Middle East eased as Israel's limited retaliation against Iran kept the situation in check, leading to an increase in stock prices after the opening. Expectations of strong earnings reports from major technology companies this week led to continued buying. The Nasdaq faltered towards the end due to rising long-term interest rates, but the market remained firm throughout the day.

Despite the rise in U.S. stocks, the Tokyo market started trading with profit-taking sales following the significant rebound of the previous day. The Nikkei average fell to the 38,400 yen range, but after the round of selling, large-cap stocks such as mega banks and financial stocks started to rise steadily, widening the gain. The Nikkei average turned around, ending the morning session above yesterday's high at 38,897.93 yen. However, trading in the prime market continued to focus on futures, with trading worth 1.8 trillion yen, indicating a lack of solid investment capital.

Among the Nikkei average constituent stocks, defense-related stocks such as IHI <7013>, Kawasaki Heavy Industries <7012>, and Mitsubishi Heavy Industries <7011> were bought, as well as financial stocks like Mitsubishi UFJ <8306>, Dai-ichi Life Holdings <8750>, Mizuho <8411>, and Sumitomo Mitsui <8316>. Other stocks like Furukawa Electric <5801>, M3 <2413>, Nitto Denko <6988>, Konica Minolta <4902>, Fujikura <5803>, and Astellas Pharma <4503> were also bought.

On the other hand, TOTO <5332> announced a significant decline in its final profit outlook due to a decline in its China business, leading to a sharp decline. Stocks related to China like Omron <6645>, Okuma <6103>, and Fanuc <6954> were also sold off. Otsuka Pharmaceutical <4519> sold off as a result of profit-taking after the significant gains of the previous day. Other stocks like Tokuyama <4043>, Kirin Holdings <2503>, Suzuki <7269>, and Takashimaya <8233> declined.

By industry sector, banks, securities and commodity futures trading, insurance, other financial services, and nonferrous metals all rose, while only the Glass & Ceramics, Metals, and Precision Instruments sectors declined.

The top contributor to the rise was SoftBank Group <9984>, pushing the Nikkei average up by about 38 yen with one stock. The second place was Advantest <6857>, followed by Nittoden <6988>, Recruit Holdings <6098>, KDDI <9433>, Astellas Pharma <4503>, Konami Holdings <9766>, etc.

On the other hand, the top contributor to the price decline was Chugai Pharmaceutical <4519>, which pushed the Nikkei average down by about 12 yen with one stock. The second place was taken by Fast Retailing <9983>, followed by TOTO <5332>, Toyo Electric <8035>, Daikin <6367>, Fanuc Corp <6954>, 7&iHD <3382>, and others.

*As of 11:30.

Nikkei Stock Average 38819.51 (+213.98)

Number of advancing stocks 174 (Contribution +279.81)

Number of declining stocks 49 (Contribution -65.83)

Number of unchanged stocks 2

○ Top advancing stocks

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

Top decreasing stocks

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