日経平均採用銘柄では、ナスダック大幅安を受けて、ディスコ＜6146＞、東京エレクトロン＜8035＞、アドバンテスト＜6857＞、ルネサスエレクトロニクス＜6723＞、ソフトバンクグループ＜9984＞など半導体株が急落したほか、決算を発表したファーストリテ＜9983＞、７＆ｉＨＤ＜3382＞もきつい下落。このほか、金利低下を受けて、T&Dホールディングス＜8795＞、東京海上＜8766＞、第一生命HD＜8750＞も下げた。The Nikkei average fell sharply, ending the morning session trading at 41,388.92 yen (approximately 0.9 billion 90 million shares traded), down 835.10 yen (-1.98%) from the previous day.
The U.S. stock market was mixed, with the Dow Jones Industrial Average closing at 39,753.75, up 32.39 points (+0.08%), the Nasdaq down 364.04 points (-1.95%) to 18,283.41, and the S&P 500 down 49.37 points (-0.88%) to 5,584.54. The June Consumer Price Index (CPI) is evidence of slowing inflation, which is expected to lead to a rate cut. Although sensitive to interest rate trends, the Dow remained strong throughout the day, while the Nasdaq lagged behind, with profit-taking sales prevailing due to rotation or a sense of exhaustion near its record high, and continued to move weakly and expand its losses towards the end of the session. The market closed mixed.
Against the backdrop of a sharp drop in Nasdaq and a rapid rise in the yen exchange rate, the Tokyo market began trading heavily in favor of selling. The Nikkei average fell temporarily by more than 1,000 yen due to the sharp drop in semiconductor stocks and selling of 225 futures contracts. On the other hand, more than 60% of the stocks in the Prime market rose, and the TOPIX remained relatively stable. The weakness of the Nikkei average, which had been rising at an accelerating pace, was noticeable. The July Options Special Settlement Index (SQ tentative value) calculated at the opening was 41,531.26 yen.
Among the Nikkei average adopted stocks, semiconductor stocks such as DISCO <6146>, Tokyo Electron Ltd. <8035>, Advantest <6857>, Renesas Electronics <6723>, and Softbank Group Co. <9984> plummeted due to the sharp drop in Nasdaq. First Retailing Co. <9983> and 7 & iHD <3382>, which announced their earnings, also suffered heavy losses. In addition, T&D Holdings <8795>, Tokio Marine Holdings <8766>, and Dai-ichi Life Holdings <8750> also declined due to the decline in interest rates.
On the other hand, real estate stocks such as Sumitomo Realty & Development <8830>, Mitsubishi Estate Co. <8802>, Mitsui Fudosan Co. <8801>, Tokyu Fudosan Holdings Corp. <3289>, and Tokyo Tatemono Co. <8804> rose due to lower interest rates. Sekisui House <1928> and Daiwa House Industry <1925> were also bought. Furthermore, Nitto Holdings Co. <9843>, Nichirei Corp. <2871>, and Nissui Co. <1332> rose as yen-benefit issues.
In terms of industry, insurance, electric appliances, banking, marine transportation, petroleum and coal products, etc. declined, while real estate, construction, textile and apparel, fisheries and agriculture, and land transportation, etc. rose.
The exchange rate has returned to the 159 yen 30 sen level. There is speculation that government and Bank of Japan interventions to buy yen were carried out at the time of the June U.S. CPI announcement, but the yen is gradually facing stronger selling pressure. There is speculation that aggressive dollar buying is entering based on the view that the intervention effect was temporary. In the afternoon, the Nikkei average is likely to see a buying back of semiconductors, which have fallen sharply, as the TOPIX remains relatively stable, confirming the strength of Japanese stocks.
