日経平均採用銘柄では、トランプトレードの影響で、三菱重＜7011＞、IHI＜7013＞、日本製鋼所＜5631＞、川崎重＜7012＞など防衛関連の一角が上げ幅を拡大したほか、アドバンテスト＜6857＞も強い動き。時間外の米10年国債利回りが4.4％台まで上昇したことなどが刺激材料となり、りそなHD＜8308＞、三井住友＜8316＞、みずほ＜8411＞、三菱UFJ＜8306＞、千葉銀行＜8331＞など銀行株も買われた。このほか、フジクラ＜5803＞、TDK＜6762＞、ファナック＜6954＞、古河電工＜5801＞などが上昇した。The Nikkei average continued to rise significantly. It ended the morning session at 39,341.44 yen, up 866.54 yen (+2.25%) from the previous day, with an estimated volume of approximately 1,040 million shares traded.
The U.S. market rose on the 5th. The Dow Jones rose 427.28 points to 42,221.88, and the Nasdaq rose 259.19 points to 18,439.17 at the close of trading. Expectations of uncertainty being dispelled by the passage of the presidential election led to buying, with a positive trend after the opening bell. Unexpected improvement in the October ISM Non-Manufacturing Business Conditions Index fueled buying on expectations of a soft landing, strengthening the rebound. The market remained in the high range throughout the day and closed in a positive tone.
Following the rise in U.S. stocks, the Tokyo market started with a buying trend. The Nikkei average, which started in the 38,600 yen range, steadily expanded its gains due to the weak yen trend in the exchange rate, breaking through the 39,000 yen level and continuing to rise strongly. With former President Trump steadily gaining electoral votes in the U.S. presidential election, the 'Trump trade' is being watched closely, and the Nikkei average closed higher in the morning session. Trading value in the main board market also expanded to the 2.2 trillion yen range.
In Nikkei average constituent stocks, defense-related stocks like Mitsubishi Heavy Industries <7011>, IHI <7013>, Nippon Steel <5631>, and Kawasaki Heavy Industries <7012> saw an expanded upside due to the impact of the 'Trump trade,' with Advantest <6857> also showing strong movements. Factors such as the after-hours rise in U.S. 10-year Treasury yields to the 4.4% range served as stimuli, leading to buying of banking stocks like Resona Holdings <8308>, Sumitomo Mitsui <8316>, Mizuho <8411>, Mitsubishi UFJ <8306>, and Chiba Bank <8331>. Additionally, Fujikura <5803>, TDK <6762>, Fanuc Corp <6954>, and Furukawa Electric <5801> saw rises.
On the other hand, Mercari <4385> sharply declined due to dislikes about its earnings and slowdown in growth rates, while Konica Minolta <4902> was sold off due to the impact of structural reforms and downward revision to full-year operating loss. Companies like Keyence <6861>, Nitori Holdings <9843>, Murata Manufacturing <6981>, and Panasonic <6752> remained lackluster.
Among all industries that rose, the rise of banks, other products, machinery, insurance, and real estate stood out.
The outlook for the second session will likely be focused on the preliminary results of the U.S. presidential election. Both the exchange rate and interest rate markets have factored in movements anticipating a Trump victory, so there is a desire for a further increase in the Nikkei average in the afternoon session.
List of earnings announcement stocks during trading hours: In the 12:00 hour, Alconix <3036>, Taiyo Holdings <4626>, Nippon Yusen <9101>; in the 13:00 hour, Nissui <1332>, Nippon Road <1884>, Furukawa Electric <5563>, Hokuriku Electric Power <6364>, Toho <7231>, Honda <7267>, Yamaha Motor <7272>, Toyota Industries <7203>, Itochu <8001>; in the 14:00 hour, Toho Chemical <4409>, Bunka Shutter <5930>, Fuji Sash <5940>, Hochiki <6745>, Sky PerfecTV <9412>; at 15:00, Glico <2206>, DeNA <2432>, Kikkoman <2801>, Tokai Carbon <5301>, Daikin <6367>, MinebeaMitsumi <6479>, Omron <6645>, GS Yuasa <6674>, Tobu <9001>, Keio <9008>, Fuji Kyuko <9010>, JR Kyushu <9142>.
