In the afternoon session on the 13th, there are three points to focus on for trading.
-The Nikkei average continued to rise significantly, temporarily recovering to the 36,000 yen level due to the weak yen and semiconductor stock rally. The product structure includes 4.01/12.88/0.06 billion yen in operating income for 100-300 billion yen products, respectively.
-The USD/JPY was slightly up due to the significant rise in Japanese stocks.
Top gainers are Toshiba <8035> and Advantest <6857>.
- The Nikkei average continued to rise significantly, temporarily recovering to the 36000 yen level due to the weak yen and semiconductor stock rally.
The Nikkei average is making significant gains. It ended the morning session at 35,785.55 yen (+2.17% compared to the previous business day, a 760.55 yen increase), with a volume of approximately 1.08 billion shares traded.
The US stock market was mixed on the 12th. The Dow Jones average finished at 39,357.01 (-0.36% or 140.53 points), the Nasdaq rose 35.31 points (+0.21%) to 16,780.61, and the S&P500 was up 0.23 points (+0.004%) to 5,344.39. After opening with optimism due to expectations of a soft landing, the market rose. However, it then turned downward due to geopolitical risks increasing as a result of the possibility of Iran launching a retaliatory attack against Israel. This led to increased selling, but the downswing was tempered by bargain hunting, especially in semiconductor stocks like Nvidia, and the Nasdaq index was relatively stable. Meanwhile, the Dow saw some selling in anticipation of the release of an important inflation indicator, which eventually led to the expansion of its decline, causing a mixed market closing.
Due to the yen's drop to the 148-dollar range and other factors, the Tokyo market started with a buyer's advantage. One corner of semiconductor stocks was bought and the Nikkei average temporarily recovered to 36,000 yen, with an increase of more than 1,000 yen compared to the previous business day. After one round of buying, there was a consolidation at the 35,800 yen level, but as of August 2, the gap (35,849.77-35,880.15 yen) was closed. In terms of the stocks used in the Nikkei average, Fujikura＜5803＞, which carried over last weekend's gains, became a buyer's advantage, and SOMPO Holdings＜8630＞, Tokio Marine＜8766＞, and MS&AD Insurance＜8725＞ were also bought, as their earnings were favorably received. In addition, Ebara Corp＜6361＞, Keyence Corp＜6861＞, Fujikura Ltd＜5803＞, TDK Corp＜6762＞, Sony Group Inc＜6758＞, and Advantest Corp＜6857＞ were also bought. In addition, Kokusai Electric＜6525＞, which was adopted in the "Global Standard Index," a representative stock price index announced by MSCI, rose significantly. On the other hand, Sharp Corp＜6753＞ and Meiji Holdings Co., Ltd.＜2269＞ fell due to negative reception of their earnings, and Yamato Holdings Co., Ltd.＜9064＞ and NXHD Co., Ltd.<9147> were pressured to sell after being excluded from the MSCI Global Standard Index. Other companies, such as Oji Holdings Corp＜3861＞, Shimizu Corp＜1803＞, ZOZO Inc＜3092＞, and Kajima Corp＜1812＞, were sold. In terms of industry sectors, the insurance, marine transportation, electric appliances, mining, and securities/commodity futures trading industries rose, while the air transportation, land transportation, pulp and paper, rubber products, and other products industries fell.
In the Nikkei average sampling stocks, Fujikura <5803> became favored as buyers carried over last week's uptick, and SOMPO Holdings <8630>, Tokio Marine & Nichido Fire Insurance <8766>, and MS&AD Insurance Group Holdings <8725> also bought on expectations of good financial estimates. Additionally, Ebara Corporation<6361>, Keyence Corporation<6861>, Fujikura, TDK Corporation<6762>, Sony Group Corporation<6758>, and Advantest Corporation<6857> were also favored by buyers. Meanwhile, KOKUSAI<6525>, which was adopted in MSCI Inc.'s representative stock index, the Global Standard Index, soared in price during the periodical review of constituent stocks.
On the other hand, Sharp Corporation<6753> and Meiji Holdings Co., Ltd.<2269> fell due to negative financial estimates, and Yamato Holdings Co., Ltd.<9064> and NXHD <9147>, which were excluded from MSCI Global Standard Index, were favored by sellers. Additionally, Oji Holdings Corporation<3861>, Shimizu Corporation<1803>, ZOZO Inc.<3092>, and Kajima Corporation<1812> were sold.
In terms of industry sectors, the insurance, marine transportation, electric appliances, mining, and securities/commodity futures trading industries rose, while the air transportation, land transportation, pulp and paper, rubber products, and other products industries fell.
Due to the yen's drop and the rise of semiconductor stocks, the Tokyo market opened with a buyer's advantage. There were also observations that buybacks were entering the 225 futures market, which made it more advantageous for the Nikkei average than for the TOPIX. Although the market is starting to regain its composure following the largest ever crash about a week ago, the Nikkei average VI is still hovering around the 35-point range, and many investors remain cautious about the future. It is expected that the Nikkei average during the later half of the day will remain in the plus column compared to the previous business day, but its upward momentum is likely to be hindered as it approaches 36,000 yen.
-The USD/JPY was slightly up due to the significant rise in Japanese stocks.
On the morning of the 13th in Tokyo's market, the USD/JPY briefly rose from 146.91 yen to 147.51 yen. The Nikkei average stock price has been strong since the opening due to risk preference with some Japanese investors selecting to sell yen, following the three-day weekend, and the U.S. 10-year bond yield has also risen, causing an increase in demand for dollars.
-The trading range up to now is the USD/JPY 146.91-147.51 yen, Euro/JPY 160.65-161.23 yen, and Euro/USD 1.0929-1.0937 dollars.
Check stocks for the afternoon session
-Veritas In Silico<130A>, Chordia Therapeutics<190A>, and other 20 stocks hit the daily limit high.
*Includes temporary stopper (indicated price)
Top gainers are Toshiba <8035> and Advantest <6857>.
Economic indicators and remarks by important people
[Economic indicators]
-July domestic corporate price index: YoY +3.0% (Estimate: +3.0%, June: +2.9%)
[Important Person's Remarks]
-Related sources.
"There is a possibility that Iran will attack Israel within 24 hours."
Not applicable.
15:00, UK ILO Unemployment Rate for April to June (Estimates: 4.5%, March to May: 4.4%).