[Nikkei Stock Average and TOPIX (Table)]
Nikkei Average; 38323.09; +188.12
TOPIX; 2681.33; +15.99
Summary of the start of the afternoon session
In the afternoon session, the Nikkei Average started at 38323.09 yen, up 188.12 yen from the previous day, slightly expanding its gain from the morning close (38295.13 yen). During lunchtime, the Nikkei 225 futures fluctuated in a range of 38300-38370 yen. The dollar-yen exchange rate stood at 1 dollar = 151.50-60 yen, nearly the same level as around 9 am. In Asia, while the Shanghai Composite Index fluctuated just above the previous day's closing price, dropping about 0.3%, the Hong Kong Hang Seng Index remained weak in negative territory, declining about 1.4%.
In the Tokyo market for the afternoon session, buying slightly led the start compared to the morning close. Continuing from the morning session, concern about U.S. semiconductor regulations against China has somewhat receded, and the yen has stabilized after briefly moving to around 150.40 yen against the dollar. Furthermore, the Dow futures were firm during extended hours trading, which seems to support stock prices in the Tokyo market. On the other hand, there are no specific buying factors domestically, leading to a cautious approach toward pursuing higher prices.
In the sector, mining, iron & steel, and rubber products are among the top gainers, while precision instruments, services, and nonferrous metals are declining.
In the trading value rankings of the Tokyo Stock Exchange main board, T&DHD <8795>, KOKUSAI <6525>, Sanrio <8136>, Screen HD <7735>, Tokyo Electron <8035>, TOWA <6315>, Monex Group <8698>, Dai-ichi Life HD <8750>, Socionext <6526>, and Mitsui E&S <7003> are performing well. Meanwhile, HULIC <3003>, Sakura <3778>, Advantest <6857>, Lasertec <6920>, Recruit HD <6098>, Fujikura <5803>, Nitori HD <9843>, Kawasaki Heavy <7012>, IHI <7013>, and SoftBank Group <9984> are declining.