As of six days ago, the number of rising and falling stocks in the Nikkei average composition was 144 stocks that increased, 78 stocks that decreased, and 3 stocks that remained unchanged.

The Nikkei average rose slightly, closing the morning session at 38,888.04 yen, up 56.56 yen (Volume estimated at 1 billion 81.34 million shares).

On the previous day, the Dow Inc in the USA closed up by 317.24 dollars at 44,873.28 dollars, while Nasdaq finished up 38.31 points at 19,692.33 points. Concerns over Alphabet's disappointing earnings led to selling in the tech sector, which varied after the opening. Although Alphabet's decline weighed on the Nasdaq, the rise of semiconductor NVIDIA offset it, and the index recovered to positive territory towards the end. The Dow was supported by expectations of additional rate cuts, a decline in interest rates, and a weaker dollar, remaining robust throughout the day and expanding its gains towards the close.

Against the backdrop of a rising US stock market with all major stock indices up, on the 6th, the Nikkei average opened up by 146.10 yen at 38,977.58 yen for the third consecutive rise. Notably, the Philadelphia Semiconductor Index (SOX Index), comprising major semiconductor-related stocks, rose by 2.31%, showing a higher rate of increase compared to the Dow and Nasdaq, providing support for semiconductor-related shares in the Tokyo market. Additionally, the decline in US long-term interest rates in overseas markets also contributed to this sense of security. However, in the foreign exchange market, the yen strengthened and the dollar weakened, putting pressure on stock prices of export-related companies in the Tokyo market, leading to a reduction in the gains after an initial buying spree.

Individually, some semiconductor-related stocks like Disco and Tokyo Electron performed well. Other stocks like Fast Retailing, Mitsubishi Heavy Industries, NINTENDO CO LTD, Fuji HD, and Keyence also saw increases. Additionally, Japan Electric Glass soared as its earnings recovery exceeded expectations, along with Share Buyback, while Migaro Holdings, Renesas Electronics, and AZ Maruwa HD recorded high rates of increase.

On the other hand, certain automotive-related stocks like Toyota Motor and Honda were sluggish, as were financial stocks such as Mitsubishi UFJ and Mitsui Sumitomo. Moreover, SOFTBANK GROUP CO, Recruit HD, Laser Tech, and IHI saw declines. JMDC faced selling pressure with higher hurdles to achieve its full-year plan, while Kanadevia sharply dropped due to a significantly reduced profit forecast for the October to December period. Other stocks such as Avant Group, Matsukaze, and Intelligent Wave also ranked high in terms of declining rates.

By industry, while Securities, Commodity Futures Trading, Air Transportation, and Other Products rose, Transportation Equipment, Information and Communications, and Nonferrous Metals declined.

The top contributor to the rise was Tokyo Electron <8035>, which enhanced the Nikkei average by about 34 yen. The second was Advantest <6857>, followed by Bandai Namco HD <7832>, Shin-Etsu Chemical <4063>, Chugai Pharmaceutical <4519>, Konami Group <9766>, and Nitori HD <9843>.

On the other hand, the stock contributing the most to the decline was Kddi Corporation <9433>, which pushed down the Nikkei average by about 62 yen. The second place was DAIKIN INDUSTRIES, LTD. Unsponsored ADR <6367>, followed by Kikkoman <2801>, Honda <7267>, TDK <6762>, Daiichi Sankyo <4568>, Toyota Motor <7203>, etc.

*As of 11:30

Nikkei average stock price 38888.04 (+56.56)

Number of rising stocks 144 (contribution +271.48)

Number of declining stocks 78 (contribution -214.92)

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