日経平均採用銘柄では、決算発表を材料に買い優勢でスタートしたソフトバンクG＜9984＞が、買い一巡後に前日比マイナス圏に沈んだほか、今期業績予想が市場予想を下回ったネクソン＜3659＞は大幅安で年初来安値を更新。昨日急騰したリクルートHD＜6098＞も反落となった。このほか、住友鉱山＜5713＞、日揮HD＜1963＞、第一三共＜4568＞、日立＜6501＞、東京建物＜8804＞などが下落した。Nikkei average posts significant decline, ending the morning session at 38,953.44 yen (down 422.44 yen or -1.07%) on estimated volume of 1.1 billion 10 million shares.
On the 12th, the U.S. stock market declined. The Dow Jones closed at 43,910.98, down 382.15 points, and the Nasdaq closed at 19,281.40, down 17.36 points. Caution near record highs and lack of new buying catalysts led to profit-taking and a subsequent decline in market. Throughout the day, concerns about improving economic outlook and rising long-term interest rates eased by speculation of rate cuts kept the market soft. The market closed weakly as caution loomed ahead of Consumer Price Index (CPI) release tomorrow.
Following the drop in U.S. stocks, the Tokyo market started trading with some selling dominance. Amid concerns heightened by personnel reports related to the upcoming Trump administration and escalating trade tensions, the Nikkei average steadily dropped from the opening, breaking below 39,000 yen for the first time since the 6th. Tokyo Electron Ltd. unsponsored ADR surged on earnings content as Sharp Corp <8035> shares ended significantly higher, but export-related stocks such as automobile shares were predominantly sold.
Among the Nikkei average constituent stocks, SoftBank Group <9984> started with buying dominance driven by earnings announcements but turned negative after an initial round of buying. Nexon <3659>, which fell below market expectations for the current fiscal year's performance forecast, hit a significant low. Recruit Holdings <6098>, which surged yesterday, also fell. Sumitomo Metal Mining <5713>, JGC Holdings <1963>, Daiichi Sankyo <4568>, Hitachi <6501>, and Tokyo Tatemono <8804> all experienced declines.
Meanwhile, amid strong performance, Tokyo Electron shares surged, and Sharp <6753> which turned operating profit positive in the first half were bought. Additionally, electric wire stocks such as Furukawa Electric <5801> and Fujikura <5803> were firm. Showa Shell Sekiyu <5019>, which announced a Tender Offer for Agrokane Show <4955>, was bought, leading Agrokane Show to hit the daily limit up. Furthermore, Resonant <4004>, Ricoh <7752>, Casio <6952>, and Sumitomo Dainippon Pharma <4506> were bought.
Among global sectors, pharmaceuticals, other financials, precision instruments, services, and other products experienced declines, while only the Petroleum & Coal, Warehousing & Transportation, Marine, Forestry & Agriculture, and Air Transport sectors rose.
The exchange rate is hovering around 154 yen to the dollar, but it is not yet providing a tailwind to export-related stocks. In the afternoon Tokyo market, there is a possibility of a sharp decline around 2:00 PM when European investors, cautious of the upcoming Trump administration, may start participating. Scheduled earnings announcement stocks during trading hours are as follows: in the 1 o'clock hour, Eneos Holdings <5020>, Tsugami <6101>, Odakyu Electric Railway <9007>, Matsui Construction <1810>; in the 2 o'clock hour, Mitsubishi Paper Mills <3864>, Inpex <1662>, Zen Tak Group <1811>, JP Holdings <2749>; at 3 o'clock, Flutter Flutter <2586>, Komehyo Holdings <2780>, Rakuten Group <4755>, Isetan Mitsukoshi Holdings <3099>, Mitsuba <7280>, Kamigumi <9364>, Toppan Holdings <7911>, and more.
