I would like to pay attention to the following 3 points in the late-day transaction on the 23rd.
・The Nikkei Average rebounded for the first time in 3 days, and purchases that favored NVIDIA's financial results took the lead
・The dollar and yen are solid, and the Bank of Japan operation remains unchanged as material
・SoftBank G ＜9984＞ is the top contributor to price increases, and Advantest ＜6857＞ is in the same 2nd place
■The Nikkei Average rebounded for the first time in 3 days, and purchases that favored NVIDIA's financial results took the lead
The Nikkei Average rebounded for the first time in 3 days. The front-end transaction was closed at 38913.48 yen (estimated turnover 800 million shares), which was 296.38 yen higher (+ 0.77%) compared to the previous day.
The US stock market fell on the 22nd. The Dow average closed at 39671.04 dollars (-0.51%) depreciated by 201.95 dollars, the NASDAQ depreciated by 31.09 points (-0.18%) at 16801.54, and the S&P 500 fell by 14.40 points (-0.27%) at 5307.01. Ahead of the US Federal Open Market Committee (FOMC) agenda summary and semiconductor NVIDIA financial results announcements, wait-and-see signs intensified, and they joined in small movements. In the FOMC agenda summary for the previous session announced by the US Federal Reserve (Fed), the attitude of maintaining policy interest rates at a high level over an even longer period of time was re-expressed, and it became clear that there were also participants who supported additional tightening if necessary, and sales were spurred by receding expectations of interest rate cuts. The NASDAQ was pushed by profit-making sales from near record highs, but expectations for NVIDIA financial results were strong, and the decline narrowed towards the end of the game and ended.
NVIDIA's financial results, which attracted attention, exceeded market expectations, and since the same stock was temporarily bought up to the 1000 dollar range due to overtime trading, the Tokyo market began trading with a buying advantage. Since semiconductor stocks rose in value, the Nikkei Average extended the increase to 38938.67 yen, but buying did not continue in the market as a whole, as prices rose in the prime market and the number of falling stocks remained at a standstill. Trading prices remained in the 2.2 trillion yen range, and developments other than semiconductor stocks lacked excitement.
Among the stocks adopted by the Nikkei Average, Teijin ＜3401＞ surged when it was discovered that Oasis Japan was listed as the major shareholder, and semiconductor stocks such as DISCO ＜6146 ＞, Renesas Electronics ＜6723＞, Lasertech ＜6920＞, and Advantest ＜6857＞ were bought in response to NVIDIA financial results, but Tokyo Electron ＜8035＞, Screen HD ＜7735＞ SUMCO ＜3436＞ After one round of buying, the upper price became heavier.
Meanwhile, some non-ferrous related stocks such as Sumitomo Mining (5713), DOWA Holdings (5714), Mitsubishi Materials (5711), and Mitsui Gold (5706), which had been rising recently, fell. Also, in addition to not having Shizuoka Financial Group ＜5831＞ and Fukuoka Financial Group ＜8354＞, real estate stocks such as Mitsubishi Estate ＜8802＞, Sumitomo Real Estate ＜8830＞, and Tokyu FHD ＜3289＞ were sold.
By industry, textile products, precision instruments, electrical equipment, machinery, metal products, etc. rose, while petroleum and coal products, nonferrous metals, mining, real estate, wholesale businesses, etc. declined.
In the bond market in the morning, the yield on new 10-year government bonds, which is an indicator of long-term interest rates, moved at 0.995%, down 0.005% from the previous day. There is a view that it is a bond repurchase due to the reaction the day before, but speculation about reducing government bond purchases by the Bank of Japan continues to intensify, such as scenes where 1.000% is attached. In the stock market, while real estate stocks are generally weak, bank stocks have unclear movements and lack a sense of direction for searching. In a situation where only the reaction to the disadvantages associated with rising interest rates is getting stronger, I don't think the momentum of investors is that strong. In the front market, the rise in semiconductor stocks against NVIDIA financial results boosted the Nikkei Average, but as far as we look at the weight of the increase in Tokyo Electron, there is a possibility that the Nikkei Average will sharply reduce the increase in the latter market.
■The dollar and yen are solid, looking at the Bank of Japan operation unchanged as a material
The dollar and yen remained solid in the Tokyo market on the morning of the 23rd, and the price rose slightly from 156 yen 64 yen to 156 yen 89 yen. 157 yen came into view, and there were scenes where they were swayed by dollar sales and yen purchases that were wary of exchange intervention. However, in response to the Bank of Japan's government bond purchase operation being left unchanged, yen sales supported the dollar.
The trading range up to this point is the dollar and yen from 156 yen 64 yen to 156 yen 89 sen, the euro yen from 169 yen 58 yen to 169 yen 88 sen, and the euro dollar from 1.0822 dollars to 1.0830 dollars.
■Backstage check stocks
・3 stocks, such as MetaPlanet L ＜3350＞ and Eyes ＜5242＞, etc., have a high stop
*Includes temporary stop height (sign value)
・SoftBank G ＜9984＞ is the top contributor to price increases, and Advantest ＜6857＞ is in the same 2nd place
■Economic indicators and statements from key figures
[Economic indicators]
・Number of second-hand housing sales in April in the US: 4.14 million units (forecast: 423 units, March: 4.22 million units ← 4.19 million units)
[Remarks by VIPs]
・Governor of the Reserve Bank of Oor NZ
“It is possible to begin easing before inflation reaches 2%”
“Policy decisions do not depend on specific data”
＜Domestic＞
・Nothing in particular
＜Overseas＞
・ 16:30 German and May manufacturing PMI preliminary figures (forecast: 43.5, April: 42.5)
・ 16:30 Germany/May service industry PMI preliminary figures (forecast: 53.5, April: 53.2)
・G7 Finance Ministers and Central Bank Governors Meeting (Italy, until 25th)