The Nikkei average fell for the third consecutive day, with semiconductor stocks providing support but being caught in a stalemate between 40,000 yen.

日経平均は3日続落。前日比173.73円安（－0.43％）の39952.62円（出来高概算7億5000万株）で前場の取引を終えている。

18日の米国株式市場は下落。ダウ平均は533.06ドル安（－1.29％）の40665.02ドル、ナスダックは125.70ポイント安（－0.70％）の17871.22、S&P500は43.68ポイント安（－0.78％）の5544.59で取引を終了した。雇用や製造業関連指標が予想を上回り早期利下げ期待の後退で、寄り付き後、下落。連日高値を更新していたダウは利益確定売りに加え、企業決算への警戒感がさらなる売りに拍車をかけ、終盤にかけて下落幅を拡大した。ハイテクセクターも引き続き売られ、ナスダックも続落し終了。

米国株安を受けて、東京市場は引き続き売り優勢で取引を開始。日経平均は40000円台を割り込んだ後は、フィラデルフィア半導体株指数（SOX指数）が反発したことなどから、足元急落していた東京エレクトロン＜8035＞やアドバンテスト＜6857＞など半導体関連銘柄が切り返したことが下支えとなり、40000円を挟んだもみ合いに。指数一段安は回避されたが、プライム市場の値下がり銘柄数が7割を超える弱い地合いとなった。

日経平均採用銘柄では、前日発表した決算で7－9月期見通しがコンセンサスを下回ったディスコ＜6146＞が大幅続落となったほか、円高ドル安一服を受けてニトリホールディングス＜9843＞、ニッスイ＜1332＞が売られた。このほか、アステラス製薬＜4503＞、東海カーボン＜5301＞、清水建設＜1803＞、川崎汽船＜9107＞が下落した。

一方、東京エレクトロン、アドバンテスト以外の半導体関連では、ルネサスエレクトロニクス＜6723＞、レーザーテック＜6920＞、SUMCO＜3436＞などが上昇。また、TDK＜6762＞、日東電工＜6988＞などアップル関連も買われた。このほか、HOYA＜7741＞、フジクラ＜5803＞、キーエンス＜6861＞が上昇した。

業種別では、電気・ガス業、空運業、海運業、不動産業、医薬品などが下落した一方、精密機器、電気機器の2セクターのみ上昇した。

為替が1ドル157円40銭台と前日比では1円ほど円安ドル高に振れているが、市場では円安推移を材料に輸出関連銘柄が買われるような動きは限定的。むしろ円高メリット銘柄が売られるなど為替に対するネガティブな動きの方が目立っている。11日、12日の政府・日本銀行と見られる円買いドル売り介入実施以降、為替市場に対する神経質な見方が続いている。日銀金融政策決定会合の開催も迫っていることから、日本株に対する積極的な売買は手控えられよう。後場の東京市場は40000円を挟んだもみ合い相場が続きそうだ。

The Nikkei average continued to fall for 3 days. The front market transaction was closed at 39952.62 yen (estimated turnover 0.7 billion 50 million shares), 173.73 yen lower (-0.43%) compared to the previous day.

The US stock market declined on the 18th. The Dow average closed at 40665.02 dollars (-1.29%), the NASDAQ depreciated 125.70 points (-0.70%) at 17871.22, and the S&P 500 closed at 5544.59, which was 43.68 points lower (-0.78%). Employment and manufacturing related indicators exceeded expectations, and expectations for early interest rate cuts receded, and then fell after being close. In addition to profit-taking sales, the Dow, which had been updating high prices every day, was spurred by a sense of caution about corporate settlement spurred further sales, and the decline widened until the end of the game. The high-tech sector also continued to sell, and the NASDAQ continued to fall and ended.

In response to the depreciation of US stocks, the Tokyo market continued to have a selling advantage and began trading. After the Nikkei Average broke through the 40000 yen range, it was supported by the fact that semiconductor-related stocks such as Tokyo Electron ＜8035＞ and Advantest ＜6857＞, which had plummeted due to the rebound of the Philadelphia Semiconductor Stock Index (SOX Index), etc., became a source of support, and there was a conflict with 40,000 yen in between. A further decline in the index was avoided, but the price drop in the prime market made it a weak position where the number of stocks exceeded 70%.

Among stocks adopted by the Nikkei Average, DISCO ＜6146＞, whose outlook for the July-9 fiscal year fell below consensus due to financial results announced the day before, continued to drop drastically, and NITORI Holdings ＜9843＞ and Nissui ＜1332＞ were sold in response to the appreciation of the yen and the depreciation of the dollar. Additionally, Astellas Pharma (4503), Tokai Carbon (5301), Shimizu Corporation (1803), and Kawasaki Kisen (9107) declined.

Meanwhile, in semiconductor-related matters other than Tokyo Electron and Advantest, Renesas Electronics ＜6723＞, Lasertech ＜6920＞, SUMCO ＜3436＞, etc. have risen. Also, Apple-related items such as TDK ＜6762＞ and Nitto Denko ＜6988＞ were bought. In addition, HOYA ＜7741＞, Fujikura ＜5803＞, and KEYENCE ＜6861＞ have risen.

By industry, while the electric/gas industry, air transport industry, shipping industry, real estate industry, pharmaceuticals, etc. declined, only the two sectors of precision equipment and electrical equipment rose.

The exchange rate swings about 1 yen to 157 yen 40 yen compared to the previous day, about 1 yen depreciation of yen and appreciation of the dollar, but there is limited movement in the market where export-related stocks are bought using the depreciation trend of the yen as a material. Rather, negative movements against exchange rates are conspicuous, such as stocks that merit the appreciation of the yen being sold. Nervous views on the exchange market have continued since the implementation of the yen buying and dollar selling intervention seen by the government and the Bank of Japan on the 11th and 12th. Since the Bank of Japan monetary policy meeting is about to be held, it seems that aggressive trading against Japanese stocks can be refrained. It seems that the rivalry market with 40,000 yen in between will continue at the Tokyo market in the back.

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日経平均は3日続落、半導体株が下支えも40000円を挟んだもみ合いに

The Nikkei average fell for the third consecutive day, with semiconductor stocks providing support but being caught in a stalemate between 40,000 yen.

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