個別では、レーザーテック＜6920＞や東エレク＜8035＞などの一部の半導体関連株、三菱UFJ＜8306＞や三井住友＜8316＞などの金融株が堅調に推移。また、三菱重工業＜7011＞、ソフトバンクG＜9984＞、ファーストリテ＜9983＞、アシックス＜7936＞などが上昇となった。ほか、村上ファンド系の株式保有が一部伝わった京成電鉄＜9009＞が急騰、京浜急行電鉄＜9006＞、プロレド・パートナーズ＜7034＞、YTL＜1773＞などが値上がり率上位となった。The Nikkei average continues to rise significantly, finishing the morning session at 38,868.68 yen, up 584.83 yen (with an estimated volume of 0.9 billion, 11.31 million shares).
Last Friday, on the 22nd, the US market's Dow Jones average closed up 426.16 points at 44,296.51, while the Nasdaq ended up 31.23 points at 19,003.65. The improvement in manufacturing and service sector PMIs sparked buying on expectations of a soft landing, and after opening, prices rose. With the decline in long-term interest rates and strong earnings from retail companies like Gap inc and Ross Stores, the Dow continued to rise and set a new all-time high. The Nasdaq struggled to maintain momentum due to the decline of nvidia (NVDA), which is leading the artificial intelligence (ai) semiconductor market, but remained in positive territory.
Watching the US stock market, today's Nikkei average opened with buying, tracking the Chicago futures. Positive sentiment regarding the year-end shopping season seems to be growing based on solid earnings from US retail companies. The strong US economic indicators released last Friday have positively influenced investor sentiment, leading to an uptrend in a broad range of stocks.
Individually, some semiconductor-related stocks like Lasertech <6920> and Tokyo Electron <8035>, as well as financial stocks like Mitsubishi UFJ <8306> and Sumitomo Mitsui <8316>, have shown strong performance. Additionally, Mitsubishi Heavy Industries <7011>, SoftBank Group <9984>, Fast Retailing <9983>, and Asics <7936> have increased. Furthermore, Kyushu Railway <9009>, which has been reported to have shareholding from Murakami Fund, soared, while Keihin Electric Express Railway <9006>, Proredo Partners <7034>, and YTL <1773> were also among the top gainers.
On the other hand, stocks like Disco <6146>, Advante <6857>, and Fujikura <5803> have been underperforming. Moreover, Mercari <4385>, NTT <9432>, Itochu <8001>, and Hitachi <6501> have also declined. Meiji Holdings <2269>, which announced a stock sale by major financial institutions, led the sells. Other stocks like System Research <3771>, Ceres <3696>, and Senshu Electric <9824> were among the top decliners.
By global sectors, land transportation, precision instruments, and pharmaceuticals increased, while only marine transportation declined.
In the later session, the Nikkei average is expected to continue its steady pace with broad stock selection. Currently, the market perceives a rising expectation for additional interest rate hikes at the last Bank of Japan monetary policy meeting scheduled for December 18-19. Consequently, the foreign exchange market is experiencing a pause in the yen's depreciation against the dollar at around 154 yen per dollar. In the Tokyo market, regional banks and mega banks are showing solid movements, but financially advantageous stocks may show speculative movements leading up to the December meeting. On the other hand, stocks in a-reit etf and other interest-rate detrimental sectors might generally show a lackluster performance.
