日経平均採用銘柄では、引き続き川崎重＜7012＞、IHI＜7013＞、三菱重＜7011＞など防衛関連銘柄が買われたほか、フジクラ＜5803＞、住友電工＜5802＞、古河電工＜5801＞など電線株も強い。また、一部外資系証券が投資評価を引き上げたことで京王＜9008＞も上昇。このほか、リクルートHD＜6098＞、カシオ＜6952＞、アドバンテスト＜6857＞、荏原製作所＜6361＞、日産自＜7201＞、オークマ＜6103＞などが買われた。The Nikkei average has risen for 4 consecutive days. At the end of the morning trading session, it closed at 39,488.51 yen, up 212.12 yen (+0.54%) from the previous day, with a trading volume of approximately 903 million shares.
The U.S. stock market rose on the 4th. The Dow Jones Industrial Average closed at 45,014.04, up 308.51 points, and the Nasdaq closed at 19,735.12, up 254.21 points. Following strong job growth in the private sector according to the November ADP Employment Report, the market initially rose. Although the November ISM Non-Manufacturing Business Activity Index was weak and temporarily stalled, persistent positive growth expectations kept the market firm throughout the day. High-tech stocks were also bought as long-term interest rates fell, further supporting the market. Towards the end of the session, Federal Reserve Chairman Powell expressed optimistic views on the economy in an interview. Additionally, the Beige Book published by the Federal Reserve confirmed continued economic expansion, leading to an expansion of gains and a record high close.
Following the higher U.S. stock market, the Tokyo market started with a buying trend. The Nikkei average started around 39,600 yen, but faced resistance due to uncertainties in South Korea and anticipation of the release of the U.S. November employment statistics tomorrow. The exchange rate was around 150.30 yen per dollar, showing a slight yen appreciation and dollar depreciation compared to the morning. However, the trading value of the morning main board market was in the 2 trillion yen range, indicating strong buying sentiment.
In the Nikkei average constituent stocks, defense-related stocks like Kawasaki Heavy Industries <7012>, IHI <7013>, Mitsubishi Heavy Industries <7011> continued to be bought. Electrical wiring stocks like Fujikura <5803>, Sumitomo Electric Industries <5802>, Furukawa Electric <5801> were also strong. Additionally, Keio Electric Railway <9008> rose as certain foreign securities firms raised their investment evaluations. Other stocks like Recruit Holdings <6098>, Casio <6952>, Advantest <6857>, Ebara Corporation <6361>, Nissan Motor <7201>, and Okuma Corporation <6103> were also bought.
On the other hand, Mitsukoshi Isetan <3099>, which had been bought on the news of the government easing visa issuance requirements for Chinese nationals, fell, and Nitori Holdings <9843> was also sold. Trading companies like Mitsui & Co. <8031>, Mitsubishi Corporation <8058> also showed a slight decline. Daiichi Sankyo <4568>, Yamaha Corporation <7951>, SMC Corporation <6273>, Keisei Electric Railway <9009>, Nidec Corporation <6594> experienced declines.
In terms of industry sectors, nonferrous metals, services, precision instruments, construction, and securities & commodity futures rose, while marine shipping, electricity & gas, petroleum & coal, wholesale, and textiles declined.
At a speech in Hiroshima, Bank of Japan Policy Board Member Toyoshi Nakamura stated that regarding future interest rate hikes, it is important to carefully adjust the degree of monetary easing based on a thorough examination of numerous data and the economic recovery situation. He also expressed his view that it is possible that inflation may not reach 2% after fiscal 2025 and mentioned concerns over wage increases necessary for sustained price growth, especially in small and medium-sized enterprises. While the impact on the foreign exchange market is limited, there is a possibility that in the afternoon, as expectations of a December interest rate hike diminish, the exchange rate may shift towards yen depreciation and dollar strength. Nakamura's press conference is scheduled for 14:30, so the afternoon Tokyo market is likely to be influenced by the foreign exchange market.
