[Nikkei Stock Average and TOPIX (Table)]

Nikkei average; 37,935.94; -199.03

TOPIX; 2,657.31; -8.03

[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 28th, the Nikkei average started trading with a decrease of 199.03 yen to 37,935.94 yen for the third consecutive day of decline. The previous day, the U.S. stock market fell. The Dow Jones Industrial Average closed at 44,722.06, down 138.25 points, while the Nasdaq closed at 19,060.48, down 115.10 points. It opened weak due to caution near record highs. The Dow initially rose in response to some retail companies' strong earnings, but concerns about the impact of additional tariff measures planned by President-elect Trump on the economy and corporate performance led to selling pressure and a subsequent decline. The Nasdaq remained weak throughout the day as expectations for artificial intelligence (AI) were seen as excessive, with the decline in high-tech weighing it down.

Selling pressure dominated the Tokyo stock market today. The decline in major indices in the U.S. stock market yesterday weighed on Tokyo share prices. In addition, in the foreign exchange market, with 1 dollar = 151.40 yen, a yen appreciation and a weaker dollar by about 70 yen compared to around 15:30 yesterday, became a factor in holding back purchases of export-related stocks in the Tokyo market. On the other hand, the Nikkei average, which had dropped more than 600 yen in continuous declines until yesterday, was more likely to attract buyers looking for lower prices or anticipating autonomous rebounds. Moreover, at the opening, selling pressure prevailed despite the perception that the 75-day moving average line positioned in the 38,100 yen range as of the day before yesterday was being consciously taken as a lower support line, indicating little short-term downside potential from this level. The situation with external and internal securities transactions announced before the start of trading (weekly) showed that overseas investors sold domestic stocks for the first time in 9 weeks from November 17-23. The net sales amount was 446 billion yen. Today, Kukulev Advisors"276A" listed on the Tokyo Stock Exchange Growth Board.

By sector, service industry, banking industry, marine transportation, insurance industry, machinery, etc., were among the top decliners, while pulp and paper, pharmaceutical, iron & steel, mining, and electric & gas industries were among the top gainers. In terms of trading value on the Tokyo Stock Exchange Prime, Laser Tech"6920", Disco"6146", Sakura"3778", Advantest"6857", Recruit HD"6098", MS & AD"8725", Tokio Marine Holdings"8766", Toho Electric"8035", Sompo"8630", SoftBank Group"9984", Mitsubishi UFJ"8306", Isetan Mitsukoshi"3099", Mitsubishi Heavy Industries"7011", etc., declined. On the other hand, T&D Holdings"8795", Monex Group"8698", Sanrio"8136", Mitsui E&S"7003", Fujikura"5803", Kobe Bussan"3038", Daiichi Sankyo"4568", Nitori Holdings"9843", Furukawa Electric"5801", Seven & i Holdings"3382", Nippon Steel"5401", Kansai Electric Power"9503", and others rose.