Three key points to focus on in the afternoon session ~ Recovery into the 40,000 yen range for the first time since July 19th, following the rise in US stocks.

Fisco Japan · Oct 15 11:35

15日の後場の取引では以下の3つのポイントに注目したい。

・日経平均は4日続伸、米株高を受けて7月19日以来の40000円台回復

・ドル・円は下げ渋り、米金利や日本株を注視

・値上がり寄与トップは東京エレクトロン＜8035＞、同2位はソフトバンクG＜9984＞

■日経平均は4日続伸、米株高を受けて7月19日以来の40000円台回復

日経平均は4営業日続伸。前営業日比626.65円高（＋1.58％）の40232.45円（出来高概算8億4000万株）で前場の取引を終えている。

14日の米国株式市場は続伸。ダウ平均は201.36ドル高の43065.22ドル、ナスダックは159.75ポイント高の18502.69で取引を終了した。小幅利下げ観測を受けた売りと、中国政府による追加財政政策を背景とした需要回復期待を受けた買いが交錯し、寄り付き後、まちまち。その後、主要企業決算への期待が後押しし、相場は上昇した。さらに、半導体エヌビディアの上昇がナスダックを押し上げ、終盤にかけて上げ幅を拡大。ダウは連日で過去最高値を更新した。

米国株高や為替の円安を材料に、三連休明けの東京市場は買い優勢で取引を開始した。日経平均は7月19日以来の40000円台を回復してスタート。エヌビディア上昇を受けて、アドバンテスト＜6857＞、ソフトバンクG＜9984＞、東京エレクトロン＜8035＞など半導体株の上げが日経平均を押し上げた。銀行株も上昇したが、NT倍率は14.6倍台後半まで拡大するなど日経平均優位の地合いとなっている。

日経平均採用銘柄では、米ハイテク株上昇を受けて、アドバンテスト、ソフトバンクG、東京エレクトロンのほか、スクリーンHD＜7735＞、ソシオネクスト＜6526＞、レーザーテック＜6920＞、ルネサスエレクトロニクス＜6723＞など半導体株の上昇が目立つ。また、米銀行株の上昇を受けて、コンコルディア＜7186＞、しずおかFG＜5831＞、りそなHD＜8308＞、ふくおか＜8354＞など銀行株も買われた。このほか、中外製薬＜4519＞、荏原製作所＜6361＞、太陽誘電＜6976＞などが上昇。

一方、原油価格の下落を受けて、ENEOSホールディングス＜5020＞、INPEX＜1605＞、出光興産＜5019＞など原油関連の下げが目立ったほか、日本製鉄＜5401＞、川崎重＜7012＞、東レ＜3402＞、フジクラ＜5803＞なども下落した。

業種別では、保険業、銀行業、電気機器、情報・通信業、サービス業などが上昇した一方、石油・石炭製品、鉱業、鉄鋼、電気・ガス業、繊維製品などが下落した。

後場の東京市場はアジア市場の動向を睨んだ展開となろう。ランチタイムの香港ハンセン指数、上海総合指数ともに小幅マイナスとなっているが、切り返すとファナック＜6954＞、資生堂＜4911＞など中国関連銘柄の一角も動意付くだろう。日経平均は前引けにかけて40200円台まで値を戻したことから後場一段高を期待する声は大きい。アジア株の動向に関心が向かおう。

■ドル・円は下げ渋り、米金利や日本株を注視

15日午前の東京市場でドル・円は下げ渋り、149円83銭から149円44銭まで下落後は小幅に戻した。前日海外市場同様、朝方は150円を目指す展開だったが、米10年債利回りの低下で失速。ただ、日経平均株価の強含みで円売りに振れ、ドルを支えた。

ここまでの取引レンジは、ドル・円は149円44銭から149円83銭、ユーロ・円は163円00銭から163円43銭、ユーロ・ドルは1.0900ドルから1.0910ドル。

■後場のチェック銘柄

・オルツ＜260A＞、ジンズホールディングス＜3046＞など、7銘柄がストップ高

※一時ストップ高（気配値）を含みます

・値上がり寄与トップは東京エレクトロン＜8035＞、同2位はソフトバンクG＜9984＞

■経済指標・要人発言

【経済指標】

・特になし

【要人発言】

・ホークスビーNZ準備銀行副総裁

「金利低下のペースはデータ次第」

「金利はより中立に向かっている」

＜国内＞

・13:30　8月鉱工業生産（速報値：前月比-3.3％）

＜海外＞

・15:00　英・6-8月ILO失業率（予想：4.1％、5-7月：4.1％）

In the afternoon of the 15th trading, the market should focus on the following three points.

・The Nikkei Average rose for the fourth day in a row, recovering the 40,000 yen level for the first time since July 19 due to the high US stock prices.

・The dollar-yen rate remained sluggish, keeping an eye on US interest rates and Japanese stocks.

Top contributors to the price increase are Tokyo Electron <8035>, followed by SoftBank Group <9984> in second place.

■The Nikkei Average rose for the fourth consecutive day, recovering the 40,000 yen level since July 19 due to the high US stock prices.

The Nikkei average continued to rise for 4 business days. It closed the morning session at 40,232.45 yen, an increase of 626.65 yen compared to the previous business day (+1.58%) (with a volume of approximately 804 million 40 million shares).

The U.S. stock market continued to rise on the 14th. The Dow Jones Industrial Average closed at 43,065.22, up 201.36 points, while the Nasdaq closed at 18,502.69, up 159.75 points. Following a slight decline in anticipation of interest rate cuts and increased fiscal policies by the Chinese government to stimulate demand, buy and sell orders intersected at the opening, causing mixed trading. Expectations for earnings reports from major companies then boosted the market, leading to an increase. Furthermore, the rise of semiconductor company Nvidia pushed up the Nasdaq, expanding gains towards the end. The Dow reached a new record high for consecutive days.

Based on the strength in U.S. stocks and a weakening yen, the Tokyo market opened with a buying preference after the three-day weekend. The Nikkei average regained the 40,000 yen level for the first time since July 19th at the start of trading. Boosted by Nvidia's rise, semiconductor stocks such as Advantest <6857>, SoftBank Group <9984>, and Tokyo Electron <8035> pushed the Nikkei average higher. While bank stocks also rose, the price-to-earnings ratio expanded to the high 14x range, indicating a favorable environment for the Nikkei average.

Among the Nikkei average constituents, semiconductor stocks saw noticeable increases, including Advantest, SoftBank Group, Tokyo Electron, Screen Holdings <7735>, Socionext <6526>, Laser Tech <6920>, and Renesas Electronics <6723>, benefiting from the rise in U.S. high-tech stocks. Additionally, banking stocks such as Concordia <7186>, Shizuoka FG <5831>, Resona Holdings <8308>, and Fukuoka Financial Group <8354> were bought following the rise in U.S. banking stocks. Other companies such as Chugai Pharmaceutical <4519>, Ebara Corporation <6361>, and Taiyo Yuden <6976> also experienced gains.

On the other hand, following a drop in crude oil prices, declines were notable in ENEOS Holdings <5020>, INPEX <1605>, Idemitsu Kosan <5019> among other oil-related stocks. Additionally, Nippon Steel <5401>, Kawasaki Heavy Industries <7012>, Toray Industries <3402>, and Fujikura <5803> also experienced declines.

In terms of industries, insurance, banking, electric appliances, information and communications, and service industries saw increases, while petroleum and coal products, mining, iron & steel, electric and gas utilities, and textiles & apparels experienced declines.

The afternoon session in the Tokyo market is expected to be influenced by trends in the Asian markets. While the lunchtime Hang Seng Index and Shanghai Composite Index are slightly negative, a turnaround may be expected, with stocks related to China such as Fanuc <6954> and Shiseido <4911> showing movement. Expectations for an afternoon rally grew as the Nikkei average retraced to the 40,200 yen level before the midday break. Attention will be focused on the movement of Asian stocks.

The dollar-yen is showing resilience in its decline, with a focus on U.S. interest rates and Japanese stocks.

In the morning of the 15th in the Tokyo market, the dollar-yen showed resilience in its decline, falling from 149.83 yen to 149.44 yen before returning slightly. Similar to the previous day's overseas markets, there was an attempt to target 150 yen in the morning, but it lost momentum due to the decline in U.S. 10-year bond yields. However, with the strong performance of the Nikkei Stock Average, there was a shift towards selling yen, supporting the dollar.

The trading ranges so far are as follows: dollar-yen ranges from 149.44 yen to 149.83 yen, euro-yen ranges from 163.00 yen to 163.43 yen, and euro-dollar ranges from 1.0900 dollars to 1.0910 dollars.

Check stocks for the afternoon session

Ortus <260A>, Jin's Holdings <3046>, etc., 7 stocks have hit the daily upper price limit.

*Includes temporary stopper (indicated price)

Top contributors to the price increase are Tokyo Electron <8035>, followed by SoftBank Group <9984> in second place.

Economic indicators and remarks by important people

[Economic indicators]

Not applicable.

[Important Person's Remarks]

Hoxby NZ Deputy Governor of the Reserve Bank

The pace of interest rate declines depends on the data.

Interest rates are moving towards a more neutral stance.

13:30 August industrial production (preliminary value: -3.3% month-on-month)

15:00 UK ILO unemployment rate for June-August (Forecast: 4.1%, July: 4.1%)

The translation is provided by third-party software.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

後場に注目すべき3つのポイント～米株高を受けて7月19日以来の40000円台回復

Three key points to focus on in the afternoon session ~ Recovery into the 40,000 yen range for the first time since July 19th, following the rise in US stocks.

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