[Nikkei Stock Average TOPIX (table)]

Nikkei Average; 37,714.07; +558.74

TOPIX; 2652.18; +35.31

[Snuggle Overview]

The Nikkei Average on the 20th rose 558.74 yen to 37,714.07 yen for 3 days, and trading began. The US stock market rebounded sharply the day before, on the 19th. The Dow average closed at 42,025.19 dollars, up 522.09 dollars, and the NASDAQ rose 440.68 points to 18,013.98. The number of new weekly unemployment insurance claims fell to a low level for the first time in 4 months, and concerns about a slowdown in the labor market receded, then rose. Furthermore, the drastic interest rate cuts by the Federal Open Market Committee (FOMC) paid off, and expectations that the economy would not fall that much and stay in a soft landing intensified, and continued to grow. High-tech also strongly supported the market price, and the increase widened towards the end of the game.

Buying took precedence in the Tokyo stock market today. The fact that the major indices were drastically higher in the US stock market yesterday supported the stock price in the Tokyo market. Above all, the Nasdaq Composite Index, which has a high high-tech stock ratio, rose 2.51%, and the Philadelphia Semiconductor Stock Index (SOX Index), which consists of major semiconductor-related stocks, rose 4.27%, and the rate of increase was large compared to the Dow average (1.26% rise), which became a stock price support factor for high-tech stocks and semiconductor-related stocks in the Tokyo market. Also, the fact that the yen exchange rate has settled down, with 1 dollar = 142 yen 80 yen in the foreign exchange market, gave me a sense of security in the Tokyo market. Meanwhile, the Nikkei Average has risen by about 950 yen due to continued growth until yesterday, and it was easy for immediate profit margin sales to come out ahead of the 3 consecutive holidays. Also, today the results of the Bank of Japan monetary policy meeting were announced and Bank of Japan Governor Ueda's press conference were scheduled, and there was a tendency to forego aggressive purchases, but buying prevailed during the donation stage. Note that in the National Consumer Price Index (CPI) for August, which was announced before the start of trading, the composite index excluding fresh food rose 2.8% from the same month last year. The median market forecast compiled by QUICK was up 2.8% from the same period. Also, according to the status (weekly) of external and internal securities sales agreements, etc. announced before the start of trading, overseas investors oversold domestic stocks for 5 consecutive weeks on 9/8-14. The oversales amount was 3 trillion 5.8 billion yen.

By sector, prices increased for all industries. Transportation equipment, insurance, banking, rubber products, precision instruments, etc. are at the top of the price increase rate. Kawasaki Shigeru ＜7012＞, Mizuho ＜8411＞, ASICS ＜7936＞, Fujikura ＜5803＞, Sumitomo Hayashi ＜1911＞, East Elec ＜8035＞, IHI ＜7013＞, Advantest ＜6857＞, Mitsubishi Heavy ＜7011＞, Lasertech ＜6920＞, Denso ＜6902＞, Murata's ＜6981＞, Mitsubishi UFJ ＜8306＞, Fast Lite ＜9983＞, etc. rose. Meanwhile, Seibu HD ＜9024＞, Nitori HD ＜9843＞, Mercari ＜4385＞, Sanrio ＜8136＞, etc. have declined.