[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average: 40953.41, +172.71.
TOPIX: 2872.64, +5.03.
[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 the ninth day, the Nikkei Average started trading at 40,953.41 yen, up 172.71 yen, rebounding after three days. On the previous day, the U.S. stock market was mixed, with the Dow Jones Industrial Average closing at 39,344.79 dollars, down 31.08 dollars, and the Nasdaq closing at 18,403.74, up 50.98 points, respectively. They rose on expectations of early rate cuts, but turned downward due to caution about important inflation indicators and testimony by Fed Chairman Powell scheduled for this week. The Nasdaq was supported by semiconductors such as Nvidia and rose steadily throughout the day, setting a record high for the fifth consecutive day.
Buying was the order of the day on the Tokyo stock market today. Although the Dow Jones Industrial Average fell on the U.S. stock market yesterday, the Nasdaq Composite Index, which has a higher proportion of high-tech stocks, rose slightly, and the Philadelphia Semiconductor Index (SOX Index), which consists of major semiconductor related stocks, rose by nearly 2%, providing support for high-tech and semiconductor-related stocks on the Tokyo market. In addition, the fact that long-term U.S. interest rates were weakly moving on the overseas market yesterday also provided a sense of security on the Tokyo market. On the other hand, the fact that the Dow Jones Industrial Average fell slightly on the U.S. stock market yesterday weighed on the stock prices on the Tokyo market. In addition, with Powell, Chairman of the Federal Reserve, scheduled to testify before Congress today and tomorrow, and the consumer price index (CPI) for June to be released on the 11th and the wholesale price index (PPI) for June on the 12th, some investors postponed active buying, saying that they want to assess these indicators, but buying was dominant at the beginning of the session.
In terms of sectors, insurance, oil and coal products, metal products, electrical appliances, nonferrous metals, etc., ranked high in the percentage of increase, while marine transportation, mining, rubber products, transportation equipment, and other products ranked high in the percentage of decrease. In terms of the trading volume of the Tokyo Prime Market, Fujikura＜5803＞, RisonaKuHD＜4004＞, KOKUSAI＜6525＞, Hitachi＜6501＞, Screen HD＜7735＞, Advantest＜6857＞, Lotze＜6323＞, TITElec＜8035＞, Nexon＜3659＞, TOWA＜6315＞, Aisin＜7259＞, Canon＜7751＞, and SoftBank G＜9984＞ rose. On the other hand, Mitsubishi Heavy Industries＜7011＞, Kawasaki Shipbuilding＜9107＞, Nippon Yusen＜9101＞, Toyota＜7203＞, Bridgestone＜5108＞, Mitsubishi UFJ＜8306＞, Nintendo＜7974＞, Sosei Next＜6526＞, KDDI＜9433＞, Mitsui Sumitomo＜8316＞, and Daiichi Sankyo＜4568＞ fell.