The Japanese stock market on the 30th is likely to develop with a buy-dominant market trend while staying this way. On the 29th, the NY Dow depreciated by 154 dollars and the NASDAQ was 145 points higher in the US market. The number of job offers declined more than expected in the US Employment Dynamics Survey (JOLTS) in September, and sales that were wary of a cooling labor market and economic deceleration took precedence. On the NASDAQ, purchases in response to expectations for financial results from major high-tech companies were boosted, and remained steady throughout the day, breaking the highest price. The Chicago Nikkei 225 futures settlement price is 39170 yen, which is 200 yen higher than Osaka. The yen exchange rate is hovering at 153 yen 20 yen per dollar.

The Nikkei Stock Average is likely to begin with the development of a buying advantage in the form of falling in favor of Chicago futures. In the United States, economy-sensitive stocks were sold due to caution against economic deceleration, and housing-related stocks were weak in response to weak housing indicators. Meanwhile, high-tech stocks have shown a steady trend since early buying in anticipation of financial results. Also, Alphabet announced financial results for the fiscal year ending July to September after the transaction ended, and it was purchased in overtime trading from financial results evaluations. Currently, financial results that exceed expectations for large tech stocks have been made one after another, and in the Tokyo market, values with a large exponential impact seem to be support material for high-tech stocks.

The Nikkei Stock Average received a majority of the ruling party in the House of Representatives election and sales took precedence, but it showed a rapid turnaround after that, and yesterday it also rose close to 300 yen, and closed at a high price. The sense of overheating in response to the rapid rise is easy to be wary of, but with regard to the rise in the last 2 days, it is thought that it is a movement to buy back selling positions that have been built up in a form that incorporates political risk. In addition to preparing for the US presidential election, it is thought that aggressive purchases have been refrained as financial results announcements are in full swing, and although it has risen close to 1000 yen in 2 days, it is probably not a supply and demand situation that is heavily inclined towards buying.

Although aggressive buying continues to be limited, as good financial results of US high-tech companies continue, it is somewhat easy to move towards risk appetite. Therefore, it is thought that it is easy to buy with the aim of pushing into high-tech stocks, etc., which have continued to be adjusted recently. Also, with regard to financial results, proactive movements are sometimes limited, and it seems likely that the movement of liquidation in response to results will intensify.

Also, when financial results were announced last night, KIMOTO ＜7908＞, Ichikawa ＜3513＞, Shikoku Electric Power ＜9507＞, Nippon Denshi ＜6951＞, cover ＜5253＞, Taoka Chemical Industry ＜4113＞, Nikkaku ＜4094＞, NEC ＜6701＞, FFE&C ＜1775＞, Musashi ＜7521＞, Kameda Confectionery ＜2220＞, Takara Tomy ＜7867＞, etc. are attracting attention.