[Nikkei Average Stock Price・TOPIX (Table)]
Nikkei Average; 38522.27; -559.44
TOPIX; 2685.41; -34.46
[Market Opening Overview]
On the 19th, the Nikkei Average started trading down 559.44 yen at 38522.27 yen, marking five consecutive declines. The US stock market on the previous day, the 18th, also continued to fall. The Dow Inc ended down 1123.03 dollars at 42326.87 dollars, while the Nasdaq closed down 716.37 points at 19392.69. Ahead of the Federal Open Market Committee (FOMC) results announcement, there is a strong wait-and-see atmosphere, and after the opening, the market was mixed. The Dow Inc, which had been declining until the previous day, saw buying in some leading stocks and rose, while the Nasdaq started slightly lower. The FOMC lowered the main policy interest rate by 0.25% as expected, but the prediction for a rate cut in 2025 was reduced from previous forecasts which led to disappointment and a decline. Subsequently, as long-term interest rates rose, the decline widened and the market closed.
Today's Tokyo stock market saw a leading Sell. The significant decline in the major indices of the US stock market yesterday weighed on the stock prices in Tokyo. Additionally, the rise in US long-term interest rates in overseas markets also contributed to suppressing stock prices. Furthermore, with the Bank of Japan's monetary policy decision meeting result announcement and the press conference by Governor Ueda scheduled for today, some investors opted to wait and see rather than actively buy. Meanwhile, in the foreign exchange market, the dollar traded around 154.50 yen, which was about 1.20 yen weaker than the level around 3:30 PM yesterday, providing support for export stocks in the Tokyo market. Additionally, since the Nikkei Average had declined by over 700 yen in four consecutive trading days until yesterday, there were opportunistic buyers waiting for dips and aiming for a self-rebound, but selling predominated at the opening. According to the situation of foreign and domestic securities trading contracts (weekly) announced before the market opened, overseas investors net sold domestic stocks for the first time in two weeks from December 8-14. The net sale amount was 587.6 billion yen. Today, dely <299A> and Synspective <290A> were newly listed on the Tokyo Stock Exchange Growth.
By sector, services, securities, commodities, electric appliances, machinery, and nonferrous metals saw the highest rates of decline, while marine transportation increased. In the main board of the Tokyo Stock Exchange, the trading volume leaders that saw declines included Sumitomo Forestry <1911>, Rakuten <4755>, Socionext <6526>, Mitsubishi Motors <7211>, SoftBank Group <9984>, Lasertec <6920>, Mitsui E&S <7003>, Advantest <6857>, Murata Manufacturing <6981>, Furukawa Electric <5801>, and Tokyo Electron <8035>. On the other hand, Nissan Motor <7201>, Daiichi Sankyo <4568>, Kawasaki Shipping <9107>, Nippon Yusen <9101>, and Mitsui O.S.K. Lines <9104> saw increases.
