[Nikkei Stock Average and TOPIX (Table)]

The Nikkei average fell by 188.51 yen to 37,954.78 on the 25th.

The TOPIX decreased by 11.00 points to 2,624.57.

[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.

On the 25th, the Nikkei average started trading lower at 37,954.78 yen, down by 188.51 yen. The previous day, the U.S. stock market was mixed. The Dow Jones Industrial Average closed at 42,374.36, down 140.59 points, and the Nasdaq closed at 18,415.49, up 138.83 points. Initial jobless claims came in below expectations, easing concerns about the labor market, leading to a firm market opening. The Nasdaq performed well throughout the day, driven by the rise of electric car manufacturer Tesla (TSLA), pushing the index higher. The decline in long-term interest rates also provided support, expanding gains towards the end of the day. The Dow reversed course due to profit-taking selling, leading to a soft performance throughout the day and major indices closed mixed.

Selling pressure dominated the Tokyo stock market today. The 4th consecutive drop of the Dow Jones Industrial Average in the U.S. stock market yesterday weighed on Tokyo market prices. Concerns about the upcoming Lower House election on the 27th and the U.S. presidential election on November 5th continued, causing some investors to hold back on active buying. However, despite the Dow's decline in the U.S. stock market yesterday, the high-tech-heavy Nasdaq Composite Index and the Philadelphia Semiconductor Index (SOX Index) composed of major semiconductor-related stocks rose, supporting the prices of high-tech and semiconductor-related stocks in the Tokyo market. Moreover, the overseas market's subdued movements in U.S. long-term interest rates provided a sense of security, yet selling pressure prevailed at the opening. Prior to the start of trading, the preliminary data for October Tokyo consumer price index (CPI, mid-month flash data) excluding fresh food showed a 1.8% year-on-year increase in the general index. The median consensus in the market forecast compiled by QUICK was 1.7% growth. Today, Rigaku Holdings <268A> was listed on the Tokyo Stock Exchange Prime.

In various sectors, pharmaceuticals, services, banking, machinery, and chemicals recorded top declining rates, while marine transportation, mining, electricity and gas, transportation equipment, fisheries, and agriculture were among the top gaining sectors. In terms of trading value on the Tokyo Stock Exchange Prime, Canon <7751>, Fujikura <5803>, Advantest <6857>, IHI <7013>, Tokyo Metro <9023>, Kobe Bussan <3038>, Rakuten <4755>, Laser Tech <6920>, Chugai Pharmaceutical <4519>, Recruit Holdings <6098>, Mitsubishi Heavy Industries <7011>, Takeda Pharmaceutical <4502>, Kawasaki Heavy Industries <7012>, among others, declined. Conversely, Daiwa House <1925>, Toyo Electric <8035>, TDK <6762>, Keyence <6861>, NYK Line <9101>, Nissan Motor <7201>, Honda <7267>, among others, saw gains.