Overview of TOPIX Growth Market 250 index futures: Frustration with the weight of the upside led to a close lower at the low.

Fisco Japan · Oct 11 03:10

On October 11, the TOPIX Growth Market 250 Index futures closed at 621 points, down 7 points from the previous trading day. The high was 629 points, the low was 621 points, and the intraday trading volume was 2,693 contracts. The previous day, on the 10th, the Dow Jones Industrial Average in the US fell. The Consumer Price Index (CPI) exceeded expectations, leading to a retreat in expectations for a swift interest rate cut by the Federal Reserve Board (FRB), resulting in a decline after the opening. The significant increase in weekly initial jobless claims due to a major hurricane also contributed to a deteriorating economic outlook, leading to further selling pressure and continued decline. The rise of semiconductor company Nvidia (NVDA), leading in the field of artificial intelligence (AI), provided support to the overall market and helped narrow the decline towards the end. The TOPIX Growth Market 250 Index futures started at 629 points, up 1 point from the previous trading day. Despite a strong start influenced by the rise in US stocks, it quickly turned downward. A decrease in correlation with the Nikkei Stock Average and the resulting rotation movement was observed, as well as selling pressure from position adjustments ahead of a 3-day weekend. In thin trading, strategic selling to avoid resistance levels was observed, and trading ended at the day's low of 621 points. Major stocks on the TOPIX Growth Market such as BUYSELL <7685> and Sanbio <4592> experienced declines.

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東証グロース市場250指数先物概況：上値の重さが嫌気され安値引け

Overview of TOPIX Growth Market 250 index futures: Frustration with the weight of the upside led to a close lower at the low.

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