[Nikkei Stock Average and TOPIX (Table)]
Nikkei average; 42198.54; +366.55 TOPIX; 2928.82; +19.62 In the afternoon, the Nikkei average started to expand its gains from the morning trading, starting at 42,198.54 yen, up 366.55 yen from the previous day's closing price (42,179.84 yen). During the lunchtime break, the Nikkei 225 futures were actively trading within the range of 42,150-42,260 yen. The USD/JPY exchange rate has remained relatively stable throughout the day, with 1 US dollar being equivalent to 161.60-161.70 Japanese yen, showing a slight depreciation of the yen and an appreciation of the dollar at around 9am. In other Asian markets, the Shanghai Composite Index maintained its stability, rising about 0.8%, whereas the Hang Seng Index in Hong Kong remained robust, surging about 1.4%.
TOPIX; 2928.82; +19.62
Summary of the start of the afternoon session
In the afternoon, the Nikkei average started to expand its gains from the morning trading, starting at 42,198.54 yen, up 366.55 yen from the previous day's closing price (42,179.84 yen). During the lunchtime break, the Nikkei 225 futures were actively trading within the range of 42,150-42,260 yen. The USD/JPY exchange rate has remained relatively stable throughout the day, with 1 US dollar being equivalent to 161.60-161.70 Japanese yen, showing a slight depreciation of the yen and an appreciation of the dollar at around 9am. In other Asian markets, the Shanghai Composite Index maintained its stability, rising about 0.8%, whereas the Hang Seng Index in Hong Kong remained robust, surging about 1.4%.
In the afternoon Tokyo market, buying activity was slightly higher compared to the morning trading. The market seems to be reassured by the firm lower price range of the Nikkei average during the morning trading, even though there are concerns about chasing for higher prices, given that the Nikkei average has risen by more than 1000 yen in the past two days.
In sectors, the top performers are pulp & paper, metal products, and pharmaceuticals, while insurance, securities futures and marine transportation are the bottom performers.
The most actively traded stocks on the Tokyo Stock Exchange Prime Market are SUMCO<3436>, Hokkaido Electric Power<9509>, Sohgo Security Services Co.<6526>, Sony Group Corp.<6758>, Renesas Electronics Corp.<6723>, Disco Corp.<6146>, Daiichi Sankyo Co.<4568>, Murata Manufacturing Co.<6981>, Laser Tech Co.<6920>, and Fast Retailing Co.<9983>, which are in a high position. On the other hand, SHIFT<3697>, Mercari Inc.<4385>, Fujikura Ltd.<5803>, Saizeriya Co.<7581>, Mitsubishi Heavy Industries Ltd.<7011>, M&A Consulting Inc.<9552>, TOWA Corp.<6315>, Recruit Holdings Co.<6098>, Advantest Corp.<6857>, and Kawasaki Heavy Industries Ltd.<7012>, are declining.