[Nikkei Stock Average and TOPIX (Table)]

Nikkei average; 38232.47; +312.92.

TOPIX; 2661.65; +15.71.

[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.

The Nikkei average on the 1st opened at 38,232.47 yen, up 312.92 yen and rebounded. The U.S. stock market rose the day before on September 30th. The Dow Jones Industrial Average closed at 42,330.15, up 17.15, and the Nasdaq closed at 18,189.17, up 69.58. Federal Reserve Board (FRB) Chairman Powell hinted at a slightly slow pace of interest rate cuts in his speech, leading to a temporary sharp decline due to disappointment, but month-end, quarter-end adjustments, and optimistic views of the chairman on the economy supported stock prices with expectations of a soft landing. The Nasdaq was disappointed by the rise in long-term interest rates, but the rise of Apple's mobile devices provided support.

Buying predominated in today's Tokyo stock market. The major three indexes in the U.S. stock market yesterday (Dow Jones, Nasdaq Composite, S&P500) supported Tokyo market stock prices as they rose. In the foreign exchange market, the dollar was around 143.80 yen, about 2 yen lower and the dollar was stronger compared to yesterday afternoon at 3:00 PM, providing a sense of reassurance in the Tokyo market. Furthermore, the Nikkei average fell more than 1900 yen yesterday, making it easier for dip-buying to come in. On the other hand, although the major three indexes in the U.S. stock market rose yesterday, the Philadelphia Semiconductor Index, composed of major semiconductor-related stocks (SOX index), continued to decline, which restrained the upside of semiconductor-related stocks in the Tokyo market. In addition, in the extraordinary Diet session held today, LDP's candidate for a new party leader, Ishiba, is expected to be nominated as the new prime minister, but some pointed out the uncertainty of Ishiba's economic policies. Nonetheless, buying prevailed at the opening.

In addition, the seasonally adjusted unemployment rate for August, announced before the start of trading, was 2.5%, a decrease of 0.2 points from the previous month. The median market expectation compiled by QUICK was 2.6%. Additionally, the seasonally adjusted job-to-applicant ratio for August was 1.23, a 0.01 point decrease from the previous month. The median market expectation compiled by QUICK was 1.24. Today, Shimadaya<250A> was listed on the TSE Standard.

By sector, marine transportation, transportation equipment, securities commodity futures, other products, and real estate are among the top gainers, while pulp and paper, textiles & apparels, fisheries & forestry, air transportation, and banking are among the top decliners. In the top trading value of the TSE Prime, Mitsukoshi Isetan<3099>, Mitsubishi Heavy<7011>, Kawasaki Heavy<7012>, Hitachi<6501>, IHI<7013>, TDK<6762>, Mizuho<8411>, TEPCO HD<9501>, Honda<7267>, Disco<6146>, Tohoku Elec<8035>, Mitsui Fudosan<8801>, are rising. Conversely, Rakuten Bank<5838>, Rakuten<4755>, Daikin<6367>, Mitsubishi Electric<6503>, NRI<4307>, Mitsubishi Shoji<8058>, Sumitomo Mitsui<8316>, HOYA<7741>, Tokio Marine<8766>, Sony Group<6758>, among others, are declining.