At the closing time on the 25th, the number of rising stocks in the Nikkei average constituent stocks was 126 stocks rising, 99 stocks falling, and 0 stocks unchanged.

The Nikkei average continued to rise for the 5th day. It closed the morning session at 38,068.22 yen, up 127.63 yen (+0.34%) from the previous day, with an approximate trading volume of 706 million shares.

The U.S. stock market continued to rise on the 24th. The Dow Jones Industrial Average closed at 42,208.22, up 83.57 points (+0.20%), the Nasdaq closed at 18,074.52, up 100.25 points (+0.56%), and the S&P 500 closed at 5,732.93, up 14.36 points (+0.25%). There was optimism in the global economic outlook due to expectations of additional rate cuts for the rest of the year and China's economic stimulus measures, leading to an initial rise in the market. However, later on, optimism waned as the September consumer confidence index fell below expectations, causing a shift to selling. Profit-taking selling was observed near record highs for the Dow, which struggled to advance. The Nasdaq benefited from demand in artificial intelligence (AI) sector, particularly in semiconductor stocks like Nvidia, prompting buying interest and providing support, pushing the market higher. Toward the end of the session, the Dow also recovered into positive territory, setting new record highs for consecutive days.

Despite the rise in U.S. stocks, the Tokyo market had a sluggish start due to the yen's slight increase and the dollar's weakness, with the exchange rate around the mid-143 yen level. The current Nikkei average has risen for 4 consecutive days, making it vulnerable to profit-taking selling; however, the overall rebound of semiconductor stocks, led by rising U.S. tech stocks like Nvidia, supported the Nikkei average. After initial trading, the Nikkei average entered a consolidation phase around the 38,000 yen level.

Among the Nikkei average constituent stocks, Shiseido Co., Ltd. <4911> saw buying interest following China's economic stimulus measures. Other stocks related to machinery, such as Yaskawa Electric <6506>, Fanuc <6954>, SMC <6273>, Okuma <6103>, MinebeaMitsumi <6479>, were also purchased. Additionally, semiconductor stocks like Advantest <6857> and Renesas Electronics <6723> showed gains. Furthermore, stocks like Daikin <6367>, TOTO <5332>, and Sumitomo Metal Mining <5713> were also bought.

On the other hand, due to increasing uncertainty around atopic dermatitis drug candidates, Astellas Pharma Inc. <4151> plummeted. Additionally, the 10-year government bond yield, an indicator of long-term interest rates, fell to 0.795% for the first time since August 5, leading to visible declines in financial stocks such as Resona Holdings Inc. <8308>, Tokio Marine Holdings Inc. <8766>, Sumitomo Mitsui Financial Group Inc. <8316>, MS&AD Insurance Group Holdings Inc. <8725>, and Mitsubishi UFJ Financial Group Inc. <8306>. Other stocks like Terumo <4543>, Nissui <1332>, and ZOZO Inc. <3092> saw declines.

By industry sector, machinery, glass & ceramics, transportation equipment, nonferrous metals, wholesale trade witnessed increases, while insurance, banking, fisheries & agriculture, precision instruments, and other products experienced declines.

The top contributor to the increase was Advantest <6857>, with one stock pushing the Nikkei average up by about 79 yen. The second place was taken by Daikin <6367>, followed by Fanuc <6954>, Yaskawa Electric <6506>, Toyo Electric <8035>, TDK <6762>, SMC <6273>, etc.

On the other hand, the top contributor to the decline was Fast Retailing <9983>, which pushed the Nikkei average down by about 48 yen with one stock. The second place was taken by Terumo <4543>, followed by Kyowa Kirin <4151>, SoftBank Group <9984>, Tokio Marine Holdings <8766>, Konami Holdings <9766>, KDDI Corporation <9433>, and others.

*As of 11:30.

Nikkei Average Stock Price 38068.22 (+127.63)

Number of Advancing Stocks 126 (Contribution +330.44)

Number of Declining Stocks 99 (Contribution -202.81)

Number of unchanged stocks 0

○ Top advancing stocks

Code, Stock Name, Latest Price, Day Change, Contribution

<6857> Advante 6618 303 79.24

<6367> Daikin Industries, Ltd. Unsponsored ADR 19295 1065 34.82

<6954> Fanuc Corp 4146 195 31.87

<6506> Yasukawa Electric 4880 351 11.47

<8035> Toho Electric 24125 105 10.30

<6762> TDK 9470 91 8.92

<6273> SMC 63690 2650 8.66

<7203> Toyota Motor 2665 48 7.85

Shiseido Company,Limited Sponsored Adr 3786 226 7.39

Laser Tech 24550 445 5.82

M3 Inc. 1511 69 5.41

Mitsui & Co Ltd 3180 81 5.30

Omron 6495 155 5.07

Denso 2168 37 4.84

Minebea Mitsumi Inc 2865 145 4.74

NTT Data Corporation 2572 27 4.41

Nidec Corporation Sponsored ADR (6594) 6198 166 4.34

The Toro (5332) 5182 263 4.30

DISCO (6146) 36290 630 4.12

Mitsubishi Corp. (8058) 3001 41 3.97

Top decreasing stocks

Code, Stock Name, Latest Price, Day Change, Contribution

FIRST REALTY INVESTMENT TR (9983) 47440 -490 -48.06

Terumo Corp (4543) 2646 -81.5 -21.31

＜4151＞ Kyowa Kirin 2644 -456.5 -14.92

＜9984＞ SoftBank Group 8629 -47 -9.22

＜8766＞ Tokio Marine Holdings 5280 -165 -8.09

＜9766＞ Konami Holdings 14360 -230 -7.52

＜9433＞ KDDI 4786 -36 -7.06

＜4519＞ Chugai Pharmaceutical Co., Ltd. 7030 -66 -6.47

＜7741＞ HOYA Corporation 19795 -275 -4.50

＜4901＞ Fujifilm Holdings Corporation 3730 -44 -4.32

<7733> Olympus 2648 -33 -4.32

<4568> Daiichi Sankyo 4693 -41 -4.02

<3092> ZOZO 4806 -93 -3.04

<4704> Trend Micro 8745 -82 -2.68

<7974> Nintendo 7638 -78 -2.55

<9735> Secom 10970 -70 -2.29

<8725> MS&AD 3324 -74 -2.18

<3659> Nexon 2781 -32 -2.09

Nippon Electric Paper 6988 12170 -60 -1.96

Canon Inc-Spons ADR 7751 4757 -40 -1.96