[Nikkei Stock Average TOPIX (table)]
Nikkei average; 38361.79; +287.81
TOPIX; 2726.20; +12.74
[Snuggle Overview]
The Nikkei Average on the 10th rebounded to 38361.79 yen, which rose 287.81 yen for the first time in 3 days, and trading began. The US stock market rose on the 9th the day before. The Dow average rose 331.37 dollars to 39387.76 dollars, and the NASDAQ closed at 16346.27, which rose 43.51 points. Expectations for interest rate cuts were rekindled due to an increase in the number of weekly unemployment insurance claims, and after being close, they rose. In addition to continuing purchases in response to expectations of a soft landing, high technology also remained steady due to a decline in long-term interest rates, supporting the overall market price. It remained strong throughout the day.
Buying took precedence in the Tokyo stock market today. The rise in the three major indices (Dow average, NASDAQ composite index, S&P 500) in the US stock market yesterday supported stock prices in the Tokyo market. Also, the fact that long-term US interest rates have declined in overseas markets, and the fact that the yen exchange rate has calmed down to 1 dollar = 155 yen 40 yen in the foreign exchange market gave a sense of security in the market. Furthermore, the announcement of financial results for the fiscal year ending March 31 by major companies has reached an excellent stage, and good financial results and motivation to search for high-performing stocks continued to be factors underpinning stock prices. Meanwhile, in the US stock market yesterday, the fall in the Philadelphia Semiconductor Stock Index (SOX Index) composed of major semiconductor-related stocks weighed on the stock price of semiconductor-related stocks in the Tokyo market, but buying prevailed during the donation stage. In addition, in the March household budget survey announced before the start of transactions, actual consumption expenditure for households with 2 or more people decreased 1.2% compared to the same month last year. The median market forecast compiled by QUICK was down 2.4% from the same period. Also, according to the status (weekly) of external and internal securities sales agreements, etc. announced before the start of trading, overseas investors overbought domestic stocks by 153.2 billion yen from 4/21-27, and overbought 268.8 billion yen from 4/28 to 5/4.
By sector, petroleum and coal products, the shipping industry, other products, real estate, rubber products, etc. are at the top of the price increase rate, and prices of steel, fisheries/agriculture and forestry, foodstuffs, and non-ferrous metals are falling. Sumco ＜3436＞, Kobe Steel ＜5406＞, Daikin ＜6367＞, Bangnam HD ＜7832＞, Konami G ＜9766＞, Mercari ＜4385＞, Kawasaki Shun ＜9107＞, Nintendo ＜7974＞, KOSE ＜4922＞, SoftBank G＜9984＞, Yusen ＜9101＞, Kao ＜4452＞, JT ＜2914＞, Marubeni ＜8002＞, etc. have risen. Meanwhile, Sumitomo Mining ＜5713＞, screen HD ＜7735＞, Nippon Steel ＜5401＞, Pana HD ＜6752＞, Sony G ＜6758＞, NTT DATA ＜9613＞, Toyota ＜7203＞, Takeda Pharmaceutical ＜4502＞, etc. have declined.