The Nikkei Average rebounded in the morning, and high US stocks and weak yen were good selling well before the consecutive holidays

8/9/2024 12:15 PM GMT+9 (some excerpts)

The Nikkei Average rebounded to 35,380 yen 23 yen, which was 549 yen 08 yen higher than the previous business day in the Tokyo stock market. I was impressed by the rise in US stocks the day before and the depreciation of the dollar/yen depreciation. Domestically, there will be 3 consecutive holidays starting tomorrow, so manual sales that were wary of changes in circumstances during the consecutive holidays spread, and the increase narrowed after one round of buying.
After the Nikkei Average rose by 441 yen, it hit a high price in the front market at 35,671 yen 31 yen, which was 840 yen higher. After a round of buying, major stocks such as semiconductor-related stocks softened, and there was a scene where the increase in the Nikkei Average shrank to 270 yen. There was a voice in the market that “since we enter 3 consecutive holidays in a state of high volatility, it is easy for sales pressure to intensify” (domestic securities strategist).