I would like to pay attention to the following 3 points in the late-day transaction on the 9th.

・The Nikkei Average rebounded, and the rise in US high-tech stocks supported Asian stock warnings

・After moving at 148 yen in the 10 yen range, the upper value of the dollar became heavy again

・Advantest ＜6857＞ is the top contributor to price drops, and East Elec ＜8035＞ is in the same 2nd place

■The Nikkei Average rebounded, and the rise in US high-tech stocks supported Asian stock warnings

The US stock market closed on the 8th at 42080.37 dollars, which rose 126.13 dollars, and the NASDAQ closed at 18182.92, which rose 259.02 points. Concerns about the tense situation in the Middle East eased, and after being close, it rose. The exchange rate was temporarily sold when President Williams and the like of the NY Federal Reserve suggested that small interest rate cut options would continue to exist. However, from the push, high-tech products such as semiconductor NVIDIA were bought in response to expectations of a soft landing and strong demand expectations for AI, which supported the market price and rose again. The increase was extended until the end of the game, and it was over.

The Tokyo market began trading with a buying advantage, taking advantage of rising US stocks and settling exchange rates. The Nikkei Average recovered to the 39,000 yen level, and although the increase narrowed slightly, it remained steady in the positive zone compared to the previous day. The Shanghai Composite Index continues to drop drastically by over 3% compared to the previous day, but the Hong Kong Hang Seng Index is in line with the previous day's closing price level, and the Chinese market lacks a sense of direction. Today's Tokyo market is also developing with an eye on Asian stock markets such as China.

In stocks adopted by the Nikkei Average, it was reported that Canadian companies proposing acquisitions would raise prices, so 7 & iHD (3382) temporarily surged 10% from the previous day and hit a new year-to-date high. Also, in response to the rise in US NVIDIA, a portion of semiconductor stocks such as Advantest ＜6857＞, Lasertech ＜6920＞, Screen HD ＜7735＞, and Tokyo Electron ＜8035＞ was bought. In addition, IHI ＜7013＞, Kawasaki Heavy Industries ＜7012＞, DISCO ＜6146＞, ZOZO ＜3092＞, Canon ＜7751＞, etc. rose.

Meanwhile, Nintendo (7974) declined when it became known that a Saudi Arabian government fund sold some of its shares. Also, in response to the decline in crude oil prices, resource-related stocks such as INPEX ＜1605 ＞ and Idemitsu Kosan ＜5019＞ were weak, and trading company stocks such as Mitsui & Co. ＜8031＞, Marubeni ＜8002＞, and Mitsubishi Corp. ＜8058＞ were also sold. Other than this, there aren't even Sumitomo Chemical (4005), Tokai Carbon (5301), Japan Steel Works (5631), JFE Holdings (5411), etc.

By industry, while retail, service, information/communication, precision equipment, pharmaceuticals, etc. rose, mining, insurance, electric/gas, steel, wholesale industries, etc. declined.

The House of Representatives will be dissolved after today's big closing, and it is expected that it will be announced on the 15th at an extraordinary cabinet meeting, and the schedule for voting and counting on the 27th will be officially decided. An 80-minute party leadership discussion is scheduled from 13:00, but since economic measures such as strengthening the disaster prevention system and measures against high prices have already been formulated on the 4th, I don't think the stock market or exchange market will be moved by Prime Minister Ishiwari's remarks. The backstage Tokyo market will continue to closely monitor trends in Asian markets such as China. Since aggressive purchases have been refrained, there seems to be a possibility that the Nikkei Average will break below the 39,000 yen level.

■Changes in the 148 yen to 10 yen range, and the upper price of the dollar becomes heavy again

The US dollar and yen remained in the 148 yen 10 sen range in the Tokyo market on the morning of the 9th. After falling to 148 yen 01 yen, it rebounded to 148 yen 43 yen, but it seems that the upper price is getting heavier again. Up to this point, the transaction range has ranged from 148 yen 01 yen to 148 yen 43 sen. The euro dollar was reluctant to rise and moved from $1.0981 to $1.0969. The euro and yen were strong, and after being sold up to 162 yen 46 yen, they rebounded to 162 yen 87 yen.

■Backstage check stocks

・3 stocks, such as Aplix ＜3727＞ and Collaborations ＜3908＞, are stop-high

*Includes temporary stop height (sign value)

・Advantest ＜6857＞ is the top contributor to price increases, and East Elec ＜8035＞ is in the same 2nd place

■Economic indicators and statements from key figures

[Economic indicators]

・US-August trade balance: -70.4 billion dollars (forecast: -70.5 billion dollars, July: -78.9 billion dollars)

・Canada's August trade balance: -1.1 billion Canadian dollars (forecast: -0.5 billion Canadian dollars, July: -0.29 billion Canadian dollars)

[Remarks by VIPs]

・NY Fed President Williams = FT

“The Fed's current stance is well positioned for a soft landing in the economy.”

“Employment statistics show that the economy is healthy”

“The September rate cut shows no rules for future action”

“The goal is to further shift interest rates to a neutral level”

“Strong employment maintains the health of the US economy”

・U.S. St. Louis Federal Bank President Musalem

“Innovative interest rate cuts are desirable”

“Warning of excessive speed and drastic interest rate cuts, patience is appropriate”

＜Domestic＞

・End of extraordinary Diet session

＜Overseas＞

・ 15:00 Germany/August trade balance (forecast: +18.5 billion euros, July: +17 billion euros)