[後場寄り付き概況][Nikkei Stock Average and TOPIX (Table)]
Nikkei average; 36540.24; +920.47
TOPIX; 2575.32; +44.65
Summary of the start of the afternoon session
The afternoon Nikkei average started with a slight decrease from the morning close (36,605.62 yen) to 36,540.24 yen, up 920.47 yen from the previous day. During lunchtime, the Nikkei 225 futures traded within the range of 36,510-36,680 yen and struggled for direction. The dollar-yen rate was around 142.40-50 yen with the yen strengthening and the dollar weakening by about 40 points from around 9:00 am. Asian markets saw the Shanghai Composite Index trading near the previous day's closing and dropping by about 0.1%, while the Hang Seng Index remained in positive territory with strong support at around 1.0% gain.
The afternoon Tokyo market started with some selling pressure compared to the morning close. Following the release of the August US Consumer Price Index (CPI) yesterday, tonight's release of the August US Producer Price Index (PPI), along with tomorrow's special clearing index for Japan's stock index futures and options for September, led to some cautious trading and a lack of active buying interest. On the other hand, due to the Nikkei average dropping more than 3000 yen over the past 7 days, it seems that there is still potential for buying on the dips.
All sectors saw an increase. Nonferrous metals, electric appliances, and machinery were among the top gainers. As for the top trading value on the Tokyo Stock Exchange Prime Market, Sakura<3778>, IHI<7013>, Kasumigaseki Capital<3498>, Advantest<6857>, SoftBank Group<9984>, NEC<6701>, Fujikura<5803>, Kawasaki Heavy Industries<7012>, Hitachi<6501>, and Shin-Etsu Chemical<4063> were on the rise. On the other hand, Daiichi Sankyo<4568>, NTT<9432>, Rakuten Group<4755>, and Nippon Steel<5401> experienced a decline.
