At the closing on the 17th, the number of rising stocks in the Nikkei average constituents was 60 stocks, the number of falling stocks was 164 stocks, and one stock remained unchanged.
The U.S. stock market continued to rise on the 12th. The Dow Jones Industrial Average closed up 235.06 points (+0.58%) at 41,096.77, the Nasdaq rose 174.15 points (+1.00%) to 17,569.68, and the S&P 500 rose 41.63 points (+0.75%) to 5,595.76. The August Producer Price Index (PPI) exceeded expectations, but the outlook on interest rate cuts remains unchanged. Semiconductor stocks like Nvidia showed strength, leading to an increase after the opening. At the same time, disappointment from those expecting a more gradual rate cut led to a momentary decline, but the market remained firm, supported by the tech sector. Towards the end, buying accelerated on expectations pointed out by The Wall Street Journal for a significant interest rate cut, resulting in a substantial final surge.
Although U.S. stocks rose, the Tokyo market got off to a slow start due to the strong yen. After the opening, the Nikkei average continued to stagnate around the 36,800 yen level, but as the exchange rate entered the 140 yen range for 1 dollar, the yen's appreciation accelerated, causing the Nikkei average to trend weaker. However, despite the accelerated yen appreciation, ahead of the 3-day weekend, cautious sentiment prevailed, which helped avoid a sharp decline in the afternoon. The preliminary settlement index (SQ) value of the September stock options and futures, calculated at the opening, was 36,906.92 yen. As the Nikkei average did not exceed this level during trading hours, it became known as the "phantom SQ".
The Nikkei average at the close was 36,581.76 yen, down 251.51 yen (-0.68%) from the previous day. The trading volume on the Tokyo Stock Exchange Prime Market was 1.7377 million shares, with a trading value of 4.2172 trillion yen. In terms of industry, rubber products, transportation equipment, pharmaceuticals, insurance, electric and gas industries, etc. declined, while marine transportation, mining, iron and steel, air transportation, machinery, etc. rose. The number of rising stocks accounted for 21% of the Tokyo Stock Exchange Prime Market, while the number of falling stocks accounted for 75%.
The top contributor to the decline was First Retail (9983), which pushed down the Nikkei average by about 60 yen with one stock. The second top contributor was Konami G (9766), followed by TDK (6762), SoftBank G (9984), Astellas Pharma (4503), Chugai Pharmaceutical (4519), and Shin-Etsu Chemical (4063), among others.
On the other hand, the top contributor to the rise was Toyo Electric (8035), which pushed up the Nikkei average by about 39 yen with one stock. The second top contributor was Advantest (6857), followed by Nichiden (6988), Fanuc (6954), Shiseido (4911), Disco (6146), and Daiichi Sankyo (4568), among others.
* As of 15:00
Nikkei Average Stock Price: 36,581.76 (-251.51)
Increase in the number of stocks: 60 (Contribution: +123.15)
Decrease in the number of stocks: 164 (Contribution: -374.66)
Number of unchanged issues 1
○ Top advancing stocks
Code, Stock Name, Latest Price, Day Change, Contribution
<8035> Totoelec 23680 400 39.23
<6857> Advante 6375 82 21.45
<6988> Nitto Denko 11755 250 8.17
<6954> Fanuc 3856 47 7.68
<4911> Shiseido 3345 133 4.35
<6146> Disco 35300 660 4.32
<4568> Daiichi Sankyo 5135 44 4.32
<9613> NTT DataG 2386 24 3.84
<6367> Daikin Industries 17275 100 3.27
<3099> Mitsukoshi IsetanHD 2263 84 2.73
<8253> CredCitZon 3489 82 2.68
<3405> Kuraray 1955 79 2.57
<6361> Ebara Corporation 1980 78 2.53
<5803> Fujikura 4130 51 1.67
<8267> AEON 3954 41 1.34
<7011> Mitsubishi Heavy Industries 1775 41 1.34
<7012> Kawasaki Heavy Industries 4918 333 1.09
<5713> Sumitomo Metal Mining 3621 66 1.08
<8697> Japan Exchange Group 3407 23 0.75
<9107> Kawasaki Kisen 1968 24 0.71
Top decreasing stocks
Code, Stock Name, Latest Price, Day Change, Contribution
<9983> First Retail 43900 -620 -60.81
<9766> Konami G 13550 -535 -17.49
<6762> TDK 8969 -156 -15.30
<9984> SoftBank G 8429 -71 -13.93
<4503> Astellas Pharma 1705 -84.5 -13.81
4519 Chugai Pharmaceutical Co., Ltd. -112 -10.98
4063 Shin-Etsu Chemical Co., Ltd. 5706 -59 -9.64
6098 Recruit Holdings Co., Ltd. 8669 -98 -9.61
7203 Toyota Motor Corporation 2455 -58 -9.48
4901 Fujifilm Holdings Corporation 3803 -83 -8.14
7751 Canon Inc. 4719 -158 -7.75
4507 Shionogi & Co., Ltd. 6311 -223 -7.29
6971 Kyocera Corporation Sponsored ADR 1696 -25 -6.54
<2802> Ajinomoto 5285 -198 -6.47
<3659> Nexon 2670 -85.5 -5.59
<4578> Otsuka HD 8024 -165 -5.39
<6758> Sony Group 13105 -155 -5.07
<4543> Terumo 2588 -19 -4.97
<9843> Nitori HD 22610 -295 -4.82
<6981> Murata Manufacturing 2727 -60.5 -4.75