日経平均採用銘柄では、前日に上場来高値をつけた後に反落したフジクラ＜5803＞が引き続き売り優勢となったほか、住友電工＜5802＞、古河電工＜5801＞と電線株が総じて下落。また、日本製鋼所＜5631＞、川崎重＜7012＞など防衛関連も弱い。このほか、ディスコ＜6146＞、スクリーンHD＜7735＞、アドバンテスト＜6857＞、SUMCO＜3436＞、レーザーテック＜6920＞、東京エレクトロン＜8035＞など半導体関連も売られた。The Nikkei average fell for the first time in five days. It finished the morning session at 39,042.59 yen, down 353.01 yen (-0.90%) compared to the previous day (estimated volume 0.7 billion 10 million shares).
The US stock market fell on the 5th. The dow inc average was down 248.33 dollars to 44,765.71 dollars, and the nasdaq ended down 34.40 points at 19,700.72. After initially trying to test the highs, it turned slightly positive. However, caution against high prices led to a lack of continued buying, and the market turned down amid rising long-term interest rates following the Federal Reserve Chair Powell's remarks signaling no rush for rate cuts. With the employment statistics report set for the next day, caution grew, and the market drifted down throughout the day under profit-taking selling pressure.
In response to the drop in US stocks, the Tokyo market started with a lack of direction. The Nikkei average hovered around the previous day's closing level but gradually widened its decline, falling to the 39,000 yen level. Since the Nikkei average had risen for four consecutive days, it appears that profit-taking became stronger ahead of the US employment report tonight. Additionally, the yen has slightly appreciated against the dollar, trading in the mid-149 yen range, impacting large cap stocks.
Among the stocks listed on the Nikkei average, Fujikura <5803>, which fell after reaching an all-time high the previous day, continued to see strong selling pressure. In addition, Sumitomo Electric <5802> and Furukawa Electric <5801>, as well as telecommunications stocks, fell overall. Furthermore, defense-related stocks like Japan Steel Works <5631> and Kawasaki Heavy Industries <7012> were also weak. Additionally, semiconductor-related companies such as Disco <6146>, Screen HD <7735>, Advantest <6857>, SUMCO <3436>, Lasertec <6920>, and tokyo electron ltd. unsponsored adr <8035> were sold off.
On the other hand, Omron <6645>, which had been under selling pressure since November, continued to rebound. J. Front Retailing <3086> rose on positive reports from brokerage firms. Moreover, shares of automobile manufacturers such as Mitsubishi Motors <7211>, Nissan <7201>, mazda motor crp <7261>, and Isuzu <7202> saw some buying. Other stocks that rose included Hitachi Construction Machinery <6305>, Nomura Research Institute <4307>, Olympus <7733>, and Keio Electric Railway <9008>.
By industry, nonferrous metals, other products, insurance, electric appliances, securities and commodity futures fell, while air transport, electricity and gas, fisheries and agriculture, precision instruments, and paper and pulp saw an increase.
With the US employment statistics report approaching, aggressive buying is unlikely in the Tokyo market for the latter half of the day. Although the morning session's low of the Nikkei average maintained the 39,000 yen level at 39,006.10 yen, there may be instances where this level is breached in the afternoon session. However, with trading value on the main board in the morning session remaining at 1.8 trillion yen, an atmosphere of waiting seems strong, so it is assumed that selling pressure will not suddenly increase. The Nikkei average in the latter half is expected to fluctuate around the 39,000 yen level.
