The Nikkei Average continued to drop drastically. The previous market transaction was closed at 34247.56 yen (estimated turnover 1.8 billion 20 million shares), which was 1662.14 yen lower (-4.63%) compared to the previous business day.
The US stock market continued to decline drastically on the 2nd. The Dow average closed at 39737.26 dollars (-1.51%), the NASDAQ depreciated 417.98 points (-2.43%) at 16776.16, and the S&P 500 fell 100.12 points (-1.84%) at 5346.56. July employment statistics fell short of expectations and fell after being close to concerns about an economic slowdown. Concerns about a recession also surfaced, spurred sales, and remained soft throughout the day. The financial results of some high-tech companies did not perform well, and the market price widened towards the end of the market and ended.
In response to the drastic decline in US stocks and the rapid appreciation of the yen in exchange rates, the Tokyo market began trading with a selling advantage. There are many stocks that are starting to sell, and the Nikkei Average quickly fell below 34,000 yen, and the decline was over 2,500 yen compared to last weekend, and the decline crashed to over 2000 yen for 2 consecutive business days. Amid the overall depreciation of over 90% of the prime market, there was also a scene where TOPIX temporarily updated its year-to-date low (1/4, 2378.79 points) due to a sharp drop in financial stocks.
Among stocks adopted by the Nikkei Average, 10-year government bond yields, which are indicators of long-term interest rates, plummeted to the 0.82% range, and financial stocks such as Chiba Bank ＜8331＞, Concordia ＜7186＞, Fukuoka ＜8354＞, Tokio Marine ＜8766＞, T&D Holdings ＜8795＞, Nomura ＜8604＞, Dai-ichi Life HD ＜8750＞, and Mitsubishi UFJ ＜8306＞ declined sharply. In addition, MinebeaMitsumi ＜6479＞, Kawasaki Shigeru ＜7012＞, Marubeni ＜8002＞, Ebara Seisakusho ＜6361＞, and Mitsubishi Heavy ＜7011＞ were sold.
Meanwhile, in response to the rapid appreciation of the yen, some stocks that merit yen appreciation, such as NITORI HD ＜9843＞, Meiji HD ＜2269＞, and Otsuka HD ＜4578＞, rose. Also, in addition to rising LINE Yahoo (4689) due to good performance etc. being viewed as material, KDDI (9433) was also bought using reports from some securities companies. In addition, only 10 brands adopted by the Nikkei Average, such as Sumitomo Pharma ＜4506＞ and Yamato HD ＜9064＞, rose.
While all industries were sold, the decline in banking, insurance, securities/commodity futures trading, mining, and machinery was conspicuous.
The Nikkei average at the time of closing ahead of time has a downward divergence rate of about 14.5% from the 25-day moving average, and there is a strong sense that it is oversold in the short term, but the market is in turmoil due to a sharp drop of about 5,000 yen in 3 business days. The decline has been reduced by about 900 yen from today's low of 33369.37 yen, but since the Asian market has also crashed, there is a strong sense of caution against a further decline in the latter market. Rough price movements will continue until settlement can be confirmed in both the exchange market and interest rate market.