[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average: 38221.38 -67.24
TOPIX: 2675.22 -5.58
[Sector]: Mining, insurance, banking, transportation equipment, wholesale trade, etc. are the top decliners, while pharmaceuticals, precision instruments, and electric and gas industries rose. The turnover of the Tokyo Stock Exchange Prime includes Laser Tech <6920>, Mirrors HD <8897>, Kawasaki Shipbuilding <9107>, Dai-ichi Life HD <8750>, Recruit HD <6098>, Marubeni <8002>, Mitsui & Co. <8031>, Honda <7267>, SMC <6273>, INPEX <1605>, Nissan Motor <7201>, and Nomura <8604>, all of which fell. Meanwhile, Nitori Holdings <9843>, Rakuten Group <4755>, and Daiichi Sankyo <4568>, among others, have risen.
On the 28th, the Nikkei Average opened at 38221.38 yen, down 67.24 yen. The US stock market on the 27th was slightly higher, with the Dow Average closing at 41250.50, up 9.98 points, and the Nasdaq closing at 17754.82, up 29.05 points. After the opening, the market fell due to a rise in long-term interest rates. However, the market also recovered due to unexpectedly improved August consumer confidence index. High-tech stocks rose in anticipation of the earnings announcement of NVIDIA, a semiconductor manufacturer essential for artificial intelligence (AI), on the 28th, supporting the market. The Dow managed to recover into positive territory towards the end of the day. The Dow Average hit a new record high for consecutive days.
The Tokyo stock market today opened with selling pressure. In the foreign exchange market, the exchange rate was 1 dollar = 144 yen, about 80 yen higher and the yen stronger against the dollar compared to around 3 pm yesterday. This weighed on export-related stocks in the Tokyo market. In addition, some investors refrained from actively buying in order to assess the earnings announcement of NVIDIA for the May to July period, which will be announced after the regular trading session of the US stock market tonight. On the other hand, the support for Tokyo's stock prices came from the slight rise of the three major stock indices (Dow Average, Nasdaq Composite Index, S&P 500) in the US stock market yesterday. The Philadelphia Semiconductor Index (SOX Index), which consists of major semiconductor-related stocks, also rose by over 1%, providing support for semiconductor-related stocks in the Tokyo market. As a result, the Nikkei Average turned positive after the opening.
In terms of sectors, mining, oil & coal products, pulp & paper, nonferrous metals, and metal products are among the top decliners, while transportation equipment, precision instruments, pharmaceuticals, service industry, and iron & steel are among the top gainers.
In the top trading volume on the Tokyo Prime Market, stocks like Mitsui E&S <7003>, 7&i HD <3382>, Taiyo Yuden <6976>, Arcos Dorados <9842>, INPEX <1605>, Mercari <4385>, SUMCO <3436>, TDK <8035>, Shochiku <9601>, Takashimaya <8233>, Canon <7751>, Kawasaki Heavy Industries <7012>, Aeon <8267> have declined, while stocks like ASICS <7936>, Daiichi Sankyo <4568>, Rakuten <4755>, Kasumigaseki Capital <3498>, Toyota <7203>, Sony Group <6758>, Advantest <6857>, Sumitomo Forestry <1911>, UNEXT <9418>, Recruit Holdings <6098>, Nippon Yusen <9101>, Laser Tech <6920> have risen.