[Nikkei Stock Average TOPIX (table)]
Nikkei Average; 34645.79; -443.83
TOPIX; 2460.09; -29.12
[Snuggle Overview]
The Nikkei Average on the 8th fell to 34645.79 yen, which depreciated 443.83 yen for the first time in 3 days, and trading began. The US stock market fell on the 7th the day before. The Dow average closed at 38763.45 dollars, which depreciated 234.21 dollars, and the Nasdaq closed at 16195.80, which fell 171.05 points. Buybacks continued due to easing concerns about the recession, and after getting close, they rose. After a round of buybacks, sales were rekindled due to a deep-seated sense of uncertainty about the economy, and higher prices were suppressed. Towards the end, sales that were wary of the weak results of 10-year bond bidding intensified further, and the market price began to decline.
Sales took precedence in the Tokyo stock market today. The fall in major indices in the US stock market yesterday weighed on stock prices in the Tokyo market. Above all, the Nasdaq Composite Index, which has a high high-tech stock ratio, fell 1.05%, and the Philadelphia Semiconductor Stock Index (SOX Index), which consists of major semiconductor-related stocks, fell 3.09%, and the rate of decline was large compared to the Dow average (0.60% decline), which was a factor that suppressed the stock prices of high-tech stocks and semiconductor-related stocks in the Tokyo market. Also, there was a tendency to forego aggressive purchases in order to determine where stock prices, which were fluctuating in the Tokyo market, would settle down. Meanwhile, it was a sense of security in the stock market that the yen exchange rate, which is regarded as one of the causes of the recent stock price fluctuation, has stabilized for now. Also, major companies continued to announce financial results for the fiscal year ending April-6, and motivation to search for stocks with good performance and good financial results continued to be a factor supporting stock prices, but sales dominated during the donation stage. Note, according to the balance of payments status (preliminary report) for June announced before the start of trading, the current account balance is in surplus of 1 trillion533.5 billion yen. The 14.1 billion yen surplus increased compared to the same month of the previous year. The median private sector forecast compiled by QUICK was a surplus of 1 trillion789.8 billion yen. Also, according to the status (weekly) of external and internal securities sales agreements, etc. announced before the start of trading, overseas investors oversold domestic stocks for 3 consecutive weeks from 7/28 to 8/3. The oversales amount was 641.7 billion yen.
By sector, non-ferrous metals, other financial services, banking, steel, pharmaceuticals, etc. are at the top of the price drop rate, and the price of pulp and paper is rising. Sumco ＜3436＞, Shiseido ＜4911＞, Sumitomo Mining ＜5713＞, Taiyo Yuden ＜6976＞, Olympus ＜7733＞, Hitachi ＜6501＞, DISCO ＜6146＞, TDK ＜6762＞, Socionext ＜6526＞, Renesas ＜6723＞, Nintendo ＜7974＞, Mitsubishi Shigeru ＜7011＞, Advantest ＜6857＞, Mitsui Mono ＜8031＞, etc. have declined. Meanwhile, Lasertech ＜6920＞, Isuzu ＜7202＞, Asahi ＜2502＞, Nitori HD ＜9843＞, Sumitomo Chemical ＜4005＞, Canon ＜7751＞, HOYA ＜7741＞, Honda ＜7267＞, INPEX ＜1605＞, Daikin ＜6367＞, Sony G ＜6758＞, Tokio Marine ＜8766＞, etc. are rising.
