[Nikkei Stock Average and TOPIX (Table)]
The Nikkei Average fell sharply to a start of 35,249.36 yen, down 660.34 yen from the last week. On August 2nd, the Dow Jones closed at 39,737.26 dollars, down 610.71 points, and the Nasdaq closed at 16,776.16, down 417.98 points in the U.S. market. After falling due to concerns of economic slowdowns caused by lower-than-expected July employment statistics, concerns of a recession have also surfaced leading to increased selling and throughout the day, the market remained weak. The earnings of some high tech companies did not fare well, and the market expanded its decline further at the end before closing.
TOPIX fell 49.35 points to 2,488.25.
[Sector]: Mining, insurance, banking, transportation equipment, wholesale trade, etc. are the top decliners, while pharmaceuticals, precision instruments, and electric and gas industries rose. The turnover of the Tokyo Stock Exchange Prime includes Laser Tech <6920>, Mirrors HD <8897>, Kawasaki Shipbuilding <9107>, Dai-ichi Life HD <8750>, Recruit HD <6098>, Marubeni <8002>, Mitsui & Co. <8031>, Honda <7267>, SMC <6273>, INPEX <1605>, Nissan Motor <7201>, and Nomura <8604>, all of which fell. Meanwhile, Nitori Holdings <9843>, Rakuten Group <4755>, and Daiichi Sankyo <4568>, among others, have risen.
On August 5th, the Nikkei Average fell sharply to a start of 35,249.36 yen, down 660.34 yen from the last week. On August 2nd, the Dow Jones closed at 39,737.26 dollars, down 610.71 points, and the Nasdaq closed at 16,776.16, down 417.98 points in the U.S. market. After falling due to concerns of economic slowdowns caused by lower-than-expected July employment statistics, concerns of a recession have also surfaced leading to increased selling and throughout the day, the market remained weak. The earnings of some high tech companies did not fare well, and the market expanded its decline further at the end before closing.
The settlement price for the Chicago Nikkei 225 futures was 34,950 yen, compared to Osaka, a decrease of 970 yen. As a result of lining up with the Chicago futures, the Nikkei average started with a selling trend. The Nikkei average also recorded a historically significant decline last week. In the midst of increasing concerns of a U.S. economic recession, Amazon and other large tech stocks' earnings were also negatively impacted leading to a trend of selling in the U.S. stock market which affected the Nikkei average at the start of the week and resulted in a widening decline.
On the Tokyo Main Board market, Toyota Motor <7203>, First Retailing <9983>, Keyence <6861>, Sony Group Corp <6758>, Nippon Steel <5401>, Honda <7267>, Oriental Land Co., Ltd. Unsponsored ADR <4661>, and Renesas <6723> generally fell in the top trading value. By industry, mining, banking, and transportation equipment had higher decline rates.