[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average; 38179.25; +790.63 TOPIX; 2677.37; +36.23 In the afternoon session, the Nikkei Average started with a wider gain from the morning session (38015.87 yen) at 38179.25 yen, up 790.63 yen from the previous day's closing price. During the lunchtime, the Nikkei 225 futures fluctuated after rising in the range of 38080 yen to 38270 yen. The dollar/yen rate has been on a weak yen/strong dollar trend, with 1 dollar = 146.80-90 yen since around 9 a.m. The Asian market started with a slight rise in the Shanghai Composite Index and then fell by about 0.9% due to the soft tone, while the Hang Seng Index in Hong Kong turned down after the start of trading and fell by about 0.3%.
TOPIX; 2677.37; +36.23
Summary of the start of the afternoon session
In the afternoon session, the Nikkei Average started with a wider gain from the morning session (38015.87 yen) at 38179.25 yen, up 790.63 yen from the previous day's closing price. During the lunchtime, the Nikkei 225 futures fluctuated after rising in the range of 38080 yen to 38270 yen. The dollar/yen rate has been on a weak yen/strong dollar trend, with 1 dollar = 146.80-90 yen since around 9 a.m. The Asian market started with a slight rise in the Shanghai Composite Index and then fell by about 0.9% due to the soft tone, while the Hang Seng Index in Hong Kong turned down after the start of trading and fell by about 0.3%.
In the afternoon session of the Tokyo market, buying was active compared to before the morning session. It is reported that the slight yen-weakening/dollar-strengthening trend in the foreign exchange market has brought a sense of relief to the stock market. On the other hand, this week, there are important events such as Governor Uchida of the Bank of Japan's speech during the closed deliberation of the House of Representatives and the House of Councillors on the 23rd, and Chairman Powell of the Federal Reserve Board (FRB) at the "Jackson Hole Conference" on the same day. Some investors are holding back from actively buying as they want to assess these events. In terms of sectors, all industries are up, with precision instruments, pulp and paper, and land transportation among the top gainers. Among the highly-traded stocks on the Tokyo Stock Exchange Prime Market, Sakura <3778>, SHIFT <3697>, Sumitomo Forest <1911>, Mercari <4385>, TEPCO HD <9501>, Screen HD <7735>, Fast Retailing <9983>, Keyence <6861>, Renesas <6723>, and TOWA <6315> are on the rise, while Seven & i HD <3382>, Mitsui Fudosan <8031>, Hitachi <6501>, and Pan Pacific HD <7532> are down.
In terms of sectors, all industries are up, with precision instruments, pulp and paper, and land transportation among the top gainers.