[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average: 38677.95, +203.05.
TOPIX: 2673.34, +9.08.
[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 6th, the Nikkei Average continued its rise, starting trading at 38,677.95 yen, up 203.05 yen. The US stock market rebounded on the 5th. The Dow Jones Industrial Average closed at 42,221.88, up 427.28 points, and the Nasdaq closed at 18,439.17, up 259.19 points. Expectations were boosted by the clarity after the presidential election and buying increased. After the opening, the market rose. Unexpected improvement in the ISM Non-Manufacturing Business Index for October led to increased buying on expectations of a soft landing, and the market remained in a high-priced range all day.
Buying dominated the Tokyo stock market today. The rise in major indices in the US stock market yesterday supported stock prices in Tokyo. In addition, earnings reports for major domestic companies for the April-September period are in full swing, and the search for stocks with strong earnings and performance continues to support stock prices. On the other hand, in the foreign exchange market, the dollar fell to around 151.50 yen, about 80 yen higher compared to around 15:30 yesterday, leading to caution in buying exporters and other stocks in Tokyo. Some investors were cautious about actively buying, as they wanted to see the results of the US presidential election, the results of the US congressional elections for both houses, and the results of the Federal Open Market Committee (FOMC) announced in the early morning of the 8th Japan time. However, at the opening, buying was predominant.
By sector, marine transportation, oil & coal products, other products, precision instruments, and real estate were among the top gaining sectors, while transportation equipment, securities futures, pharmaceuticals, wholesale trade, and electricity & gas were among the top declining sectors. In the top trading volume on the Tokyo Stock Exchange's main board, Sakura<3778>, Sanrio<8136>, Fujikura<5803>, Organo<6368>, Advantest<6857>, TDK<6762>, Ryohin Keikaku<7453>, Nintendo<7974>, Yusen<9101>, HOYA<7741>, Screen HD<7735>, Komatsu<6301>, and Tohoku Electric<8035> rose. On the other hand, Mercari<4385>, Murata Manufacturing<6981>, Yamato Holdings<9064>, Nomura<8604>, Toyota<7203>, Panasonic Holdings<6752>, Itochu<8001>, Mitsubishi Electric<6503>, NTT<9432>, Keyence<6861>, and Mitsubishi Heavy Industries<7011> were among those that declined.
