- The Nikkei average rebounded significantly. It ended the morning trading at 35,380.23 yen (approximate trading volume of 1.208 billion shares), up 549.08 yen (+ 1.58%) from the previous day.
- The US stock market rebounded on the 8th. The Dow average was up 683.04 dollars (+ 1.76%) to 39,446.49 dollars, the Nasdaq was up 464.21 points (+ 2.87%) to 16,660.02, and the S&P500 was up 119.81 points (+ 2.30%) to 5,319.31 at the close of trading. Due to weekly unemployment benefit claims falling below expectations, a sense of relief spread, and the stocks rose after opening, indicating that concerns about deterioration in the labor market and the economy had receded, and it remained strong throughout the day. Finally, the rate of increase expanded and ended.
- Following the surge in US stocks, the Tokyo market began trading in a buying trend. The Nikkei average started at the 35,000 yen level and expanded to 35,671.31 yen due to the yen weakening and the key dollar trading around 147.30 yen prior to the opening. After the first round of buying, the upper limit became heavy, conscious of the 3-day holiday, but the trading range remained calm with changes of 600 yen or less. The special clearing price (SQ) value estimated by the market for the August contract, calculated at the opening, was 35,661.68 yen.
- Among the stocks adopted by the Nikkei Average, TrendMicro <4704> became a stop-buy with the report of business sales, and JGC Holdings <1963> was bought due to its financial estimates. Mitsui Metals <5706> also became buyer-oriented due to the report that net profits for the current fiscal year exceeded 65%. Itochu <8001>, Resonac Holdings <4004>, Concordia Financial Group <7186>, Fuko <8354>, SoftBank Group <9984> were also bought. - Nexon <3659> fell significantly due to concerns about weak earnings growth prospects for Q3, and Shiseido <4911> and SUMCO <3436> continued to decline. Nikkon <7731>, Amada <6113>, and Bandai Namco HD <7832>, which were disliked due to their earnings reports, also became seller-oriented. Sun Yuden <6976>, Mitsubishi Electric <6503>, Disco <6146>, Daikin <6367>, and Nichirei <2871> fell.
On the other hand, Nexon (3659) became significantly lower due to concerns over the weakness in its operating income forecast for July-September period, while Shiseido (4911) and SUMCO (3436) continued to suffer from sharp declines. Nikon (7731), Amada (6113), and Bandai Namco HD (7832) also saw selling pressure due to sour earnings reports. In addition, Taiyo Yuden (6976), Mitsubishi Electric Corp. unsponsored ADR (6503), Disco (6146), Daikin (6367), and Nichirei (2871) all fell.
- Non-ferrous metals, petroleum and coal products, wholesale trade, service industries, and other financing businesses rose, while electric and gas industries, metal products, land transportation, air transportation, and food products fell.
- Since there is calm in the stock and foreign exchange markets, trading focused on earnings reports is expected rather than index-focused trading. Since today is the peak of the earnings announcements, interest is likely to be high in earnings stocks that come out during the afternoon trading time. DIC <4631> in the 12 o'clock hour, Daio Paper <3880>, ENEOS <5020> in the 13 o'clock hour, and Meiji HD <2269>, Bridgestone <5108> in the 14 o'clock hour, are planned.