[Nikkei Stock Average TOPIX (table)]
Nikkei Average; 38677.57; -157.53
TOPIX; 2735.14; -11.08
[Snuggle Overview]
The Nikkei Average on the 8th fell to 38677.57 yen, a depreciation of 157.53 yen, and trading began. The US stock market the day before, on the 7th, was mixed. The Dow average closed at 38884.26 dollars, which was 31.99 dollars higher, and the Nasdaq closed at 16332.56, which fell 16.69 points. Purchases in response to expectations of interest rate cuts continued, and after getting close, there was a slight increase. It remained steady due to a decline in long-term interest rates and expectations for corporate settlement, but since President Kashkari of the Minneapolis Fed mentioned the possibility that policy interest rates were not sufficiently suppressive in controlling inflation and showed an attitude of not ruling out interest rate hikes, concerns about interest rate hikes were rekindled, and stalled towards the end of the game. High-tech began to decline, and major indices ended with mixed highs and lows.
Sales took precedence in the Tokyo stock market today. Since yesterday's Nikkei Average rose close to 600 yen, it was easy for immediate profit margin sales to come out. Also, there was a view that the Nikkei Average would be an upper resistance zone near the 25-day moving average located in the 38700 yen range. Meanwhile, in the US stock market yesterday, the main indices were high and varied, making it difficult to use as a clue for the Tokyo market, but there is a widespread view that the US Federal Reserve (Fed) will turn to interest rate cuts in the latter half of the year, and it became a factor supporting stock prices in the Tokyo market. Also, the fact that the yen exchange rate has calmed down to 1 dollar = 154 yen 70 yen in the foreign exchange market was a sense of security in the Tokyo market. Furthermore, financial results announcements by major companies continued, and motivation to search for stocks with good financial results and good performance became a supporting factor for stock prices, but sales prevailed during the donation stage.
By sector, transportation equipment, electrical equipment, machinery, insurance, glass earthwork products, etc. are at the top of the price drop rate, and fisheries/agriculture and forestry, rubber products, warehousing-related, other products, shipping industries, etc. line up at the top of the price increase rate. Ricoh ＜7752＞, SMC ＜6273＞, Fujikura ＜5803＞, Sony G ＜6758＞, Nomura ＜8604＞, Sakura ＜3778＞, Toyota ＜7203＞, MOL ＜9104＞, Mitsubishi Estate ＜8802＞, Renesas ＜6723＞, Disco ＜6146＞, SoftBank G ＜9984＞, Advantest ＜6857＞, Mitsubishi Corporation ＜8058＞, etc. have declined. Meanwhile, Yokogawa Electric Power ＜6841＞, TOWA ＜6315＞, OLC ＜4661＞, Roze ＜6323＞, Kasumigaseki Capital ＜3498＞, Kao ＜4452＞, Recruit HD ＜6098＞, JFE ＜5411＞, Mitsui Mono ＜8031＞, TEPCO HD ＜9501＞, etc. are rising.