On the 8th, during the afternoon session, the Nikkei average stock price fell by 102.24 yen from the previous day to 39,981.06 yen, while the TOPIX (Tokyo Stock Price Index) also declined by 16.57 points to 2,770.00 points, both showing a drop. In the U.S. stock market on the 7th, expectations for interest rate cuts decreased due to strong economic indicators. The NY Dow continued to fall, and the Nasdaq composite index also dropped for the first time in three days. From this movement, Japanese stocks were initially sold off. At 9:35 AM, the Nikkei average reached 39,705.81 yen, down 377.49 yen. After the initial selling pressure, there were also moments of buying on dips supported by rising U.S. stock index futures in extended hours trading. Afterwards, trading remained cautious, focusing on the psychological level of 40,000 yen.

The volume on the Tokyo Prime Market was 1.855328 billion shares, and the trading value was 4.4624 trillion yen. The number of rising stocks was only 389, while the falling stocks exceeded 1,217, accounting for over 70%. 65 stocks remained unchanged.

By industry, out of 33 sectors, 23 sectors saw declines, while 10 sectors saw increases. Insurance stocks such as MS&AD <8725.T> and Tokio Marine <8766.T> declined, along with Other Financial stocks like ORIX <8591.T> and JPX <8697.T>. Securities product futures stocks such as Daiwa Securities <8601.T> and Nomura <8604.T>, as well as A-REIT ETF stocks like Mitsui Fudosan <8801.T> and Mitsubishi Estate <8802.T> were also weak. Other Products stocks like Bandai Namco <7832.T> and NINTENDO CO LTD <7974.T>, as well as wholesale stocks like Marubeni <8002.T> and Mitsubishi Corporation <8058.T> were sluggish. Retail stocks such as Seven & I Holdings <3382.T> and Fast Retailing <9983.T>, as well as Pharmaceutical stocks like Chugai Pharmaceutical <4519.T> and Daiichi Sankyo <4568.T> were also weak. On the other hand, Marine Shipping stocks like NYK Line <9101.T> and Mitsui O.S.K. Lines <9104.T>, as well as Precision Instruments stocks like Olympus <7733.T> and HOYA <7741.T> were strong.

Individually, Mitsui Matsushima Holdings <1518.T>, Adastria <2685.T>, Tanseisha <9743.T>, Axia <4936.T>, and Nomura Micro <6254.T> declined. On the other hand, Kioxia <285A.T>, TOWA <6315.T>, JINS Holdings <3046.T>, Chiba Bank <8337.T>, and Rigaku Corporation <268A.T> saw increases.

Provided by Wealth Advisor Company.