[Nikkei Stock Average and TOPIX (Table)]

Nikkei average; 39,642.78; +109.46.

TOPIX; 2,751.39; +11.71.

[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 12th, the Nikkei average opened higher at 39,642.78 yen, up 109.46 yen for the 3rd consecutive trading day. The US stock market showed gains on the previous day, with the Dow Jones rising by 304.14 points to 44,293.13 and the Nasdaq closing at 19,298.76, up 11.99 points. Expectations of easing regulations and growth-focused policies by the upcoming Trump administration continued to drive buying, leading to an uptrend after the opening. However, with Veterans Day as a public holiday resulting in the bond market being closed and lack of material, rotation saw small-cap stocks being bought, while high-tech was sold off causing a temporary decline in the Nasdaq. The Dow maintained a strong performance throughout the day, setting new record highs consecutively, supporting the entire market and enabling the Nasdaq to recover into positive territory by the closing bell.

Buying dominated the Tokyo stock market today, supported by the rise of the major three indices (Dow Jones, Nasdaq Composite, S&P500) in the US stock market yesterday. In addition, the ongoing earnings reports from major domestic companies for the April-September period fueled continued interest in well-performing stocks, providing support to stock prices. On the other hand, despite the rise of the major three indices in the US stock market yesterday, a 2.54% decline in the Philadelphia Semiconductor Index (SOX Index), which consists of major semiconductor-related stocks, weighed on the prices of semiconductor-related stocks in the Tokyo market. Moreover, the Nikkei average continued to face 40,000 yen as a resistance line, with some views suggesting limited short-term upside potential from this level. However, buying prevailed during the opening session.

By sector, banking, precision instruments, insurance, services, and securities and futures products were among the top gainers, while marine transportation, electric appliances, oil & coal products, and pulp and paper experienced declines. In the top turnover on the TSE Prime, Renesas <6723>, Recruit HD <6098>, Suzuki <7269>, Rakuten Group <4755>, Sumitomo <8316>, Mizuho <8411>, Mitsubishi UFJ <8306>, HOYA <7741>, Mitsubishi Heavy <7011>, Furukawa Electric <5801>, Toyota <7203>, and Tokio Marine <8766> saw increases. Conversely, DeNA <2432>, Screen HD <7735>, Advantest <6857>, Taiyo Yuden <6976>, Keyence <6861>, Hitachi <6501>, Disco <6146>, Tohoku Electric <8035>, Kawasaki Kisen <9107>, Fujikura <5803>, Laser Tech <6920>, and Sony Group <6758> were among those that declined.