As of 10 a.m. on the 11th, the Nikkei average stock price is trading around 36,150 yen, down about 880 yen from the previous day. At 9:54 a.m., it reached 36,042.35 yen, down 985.92 yen. U.S. President Trump, in an interview with Fox News, stated regarding the impact of tariff policies on the U.S. economy, "It will take a little time, but it will definitely become a wonderful situation," while also suggesting that the economy is "in a transitional phase," which can be interpreted as accepting a recession. In the U.S. stock market on the 10th, expectations that the U.S. government would implement policies considerate of the economy receded, leading to an increased risk-averse stance, resulting in a substantial drop in both the NY Dow and the Nasdaq composite index. Japanese stocks also followed this trend and selling was predominant, with the strengthening yen adding to the pressure. The yen-denominated clearing price of the Chicago Nikkei average futures was 36,475 yen, down 605 yen from the clearing price on the Osaka Exchange on the 10th.
In the Global Sectors, all 33 sectors are experiencing declines. Nonferrous Metals stocks such as Sumitomo Electric <5802.T> and Fujikura <5803.T> are down, as well as Bank stocks like Mitsubishi UFJ <8306.T> and Sumitomo Mitsui <8316.T>. Securities Commodity Futures stocks, including Daiwa Sec <8601.T> and Nomura <8604.T>, and Insurance stocks such as MS&AD <8725.T> and Tokio Marine <8766.T> are also low. Other Products stocks like Bandai Namco <7832.T> and NINTENDO CO LTD <7974.T>, as well as Electric Appliances stocks such as Hitachi <6501.T> and Sony Group Corp <6758.T> are soft. Textile stocks like Teijin <3401.T> and TORAY INDS INC <3402.T>, Oil & Coal Products stocks such as Idemitsu Kosan <5019.T> and ENEOS <5020.T>, and Service stocks like OLC <4661.T> and Recruit HD <6098.T> are also weak.
Individually, stocks like Gakujin<2301.T>, SREHD<2980.T>, IHI<7013.T>, Sanrio<8136.T>, and NEC<6701.T> are declining. On the other hand, stocks such as GMO<9449.T>, Ain Holdings<9627.T>, Ride On Express<2585.T>, Yamazaki Baking<2212.T>, and B Garage<3180.T> are rising.
In the Tokyo Foreign Exchange market at 10 a.m., the dollar-yen is trading in the lower 146 yen range (147.58-60 yen on the 10th), while the euro-yen is trading in the lower 159 yen range (159.72-76 yen on the same day).
Provided by Wealth Advisor Company.
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