As of the previous closing, the number of rising and falling stocks in the Nikkei average was 72 stocks up, 150 stocks down, and 3 stocks unchanged.

The Nikkei Average fell. It ended the morning session at 39,942.95 yen, down 140.35 yen (-0.35%) from the previous day (estimated Volume 0.9 billion shares).

The US stock market fell on the 7th. The Dow declined by 178.20 dollars to 42,528.36 dollars, and the Nasdaq fell by 375.30 points to 19,489.68. The rise of the semiconductor NVIDIA initially drove the market upwards after opening. However, the stock then turned to decline, weighing on the market, while the JOLT job openings and the ISM Non-Manufacturing Index exceeded expectations, leading to speculation of a slower pace in rate cuts and an increase in long-term interest rates, resulting in a downward trend. The market remained soft throughout the day, and losses expanded toward the end.

In response to the decline in US stocks, the Tokyo market started with selling pressure. After dropping below 40,000 yen, the Nikkei Average saw its decline expand into the 39,700 yen range. However, after the selling pressure eased, the Nikkei Average found some support around 39,900 yen due to expectations of a widening interest rate gap between Japan and the USA, which led to a weaker yen and a stronger dollar. Additionally, semiconductor stocks, which have consistently seen increases, helped stabilize the market.

Among the stocks included in the Nikkei Average, shares of Tokyo Marine <8766>, MS&AD <8725>, and SOMPO Holdings <8630> fell, along with securities stocks like Nomura <8604> and Daiwa Securities <8601>, which also struggled. Other companies such as Omron <6645>, ORIX <8591>, Mitsukoshi Isetan <3099>, Oriental Land Co., Ltd. Unsponsored ADR <4661>, and NINTENDO CO LTD <7974> were also sold.

On the other hand, Advantest <6857> was bought based on positive reports from brokerage firms, while Tokyo Electron Ltd. Unsponsored ADR <8035>, DISCO <6146>, Screen HD <7735>, and Lasertec <6920> saw gains among semiconductor stocks. Regional bank stocks, including Concordia <7186>, Resona Holdings <8308>, and Shizuoka FG <5831>, were also bought based on rising interest rates. Additionally, Mitsui Mining <5706>, Furukawa Electric <5801>, DOWA Holdings <5714>, and Nidec Corporation Sponsored ADR <6594> also experienced buying.

By Global Sectors, Insurance, Other Financials, Other Products, Securities & Commodity Futures, and A-REIT ETF declined, while Marine Shipping, Nonferrous Metals, Textiles & Apparels, Iron & Steel, and Transportation Equipment rose.

The top contributor to the decline was Fast Retailing <9983>, which pulled down the Nikkei average by about 39 yen. The second place was TDK <6762>, followed by Sony Group Corp <6758>, NTT DATA Group <9613>, Kddi Corporation <9433>, Tokio Marine <8766>, and Konami Group <9766>.

On the other hand, the top contributor to the rise was ADVANTEST <6857>, which boosted the Nikkei average by about 52 yen with just one stock. The second was Tokyo Electron <8035>, followed by Disco <6146>, Recruit Holdings <6098>, Olympus <7733>, Toyota <7203>, Nidec Corporation Sponsored ADR <6594>, etc.

*As of 11:30

Nikkei Stock Average 39942.95 (-140.35)

Number of rising stocks 72 (contribution +156.89)

Number of falling stocks 150 (contribution -297.24)

Number of unchanged stocks 3

○ Top rising stocks

Code Stock Name Recent Price Change from Previous Day Contribution

○ Top declining stocks

Code Stock Name Recent Price Change from Previous Day Contribution