日経平均採用銘柄では、一部報道にて、自民、公明両党が、防衛力強化の財源とする所得、法人、たばこ3税のうち、所得税の増税実施時期の決定を先送りすることで一致したと伝わったことから三菱重＜7011＞、川崎重＜7012＞、IHI＜7013＞、日本製鋼所＜5631＞など防衛関連が総じて下落。このほか、オムロン＜6645＞、第一三共＜4568＞、住友ファーマ＜4506＞、スクリーンHD＜7735＞、ソニーグループ＜6758＞などが売られた。The Nikkei Average fell for the first time in 5 days. The forward market transaction was closed at 39360.43 yen (estimated volume 1.2 billion shares), which was 488.71 yen lower (-1.23%) compared to the previous day.
The US stock market declined on the 12th. The Dow average fell 234.44 dollars to 43914.12 dollars, and the NASDAQ closed at 19902.84, which fell 132.05 points. We were wary of an unexpected acceleration in the November Producer Price Index (PPI), and after getting close, it fell. The Dow depreciated one step further due to sales that were wary of employment-related indicators, which had weakened unexpectedly, and the decline of the managed care company United Health became heavy. The NASDAQ declined due to concerns about rising long-term interest rates. Towards the end of the market, the decline in stock prices widened and ended.
In response to the depreciation of US stocks, the Tokyo market began trading with a selling advantage. After trading involving the calculation of the 12-month futures and option special settlement value (SQ value) due to donations, the Nikkei Average sharply widened the decline. They were aware of the fact that the November limited option SQ value and the psychological milestone of 40,000 yen were added the day before, and sales were pushed based on a sense of accomplishment. Note that the approximate SQ value is 39434.85 yen according to market estimates.
In stocks adopted by the Nikkei Average, it was reported in some reports that both the Liberal People's Democratic Party and the Komei Party agreed by postponing the decision on when to implement the income tax hike out of the 3 taxes on income, corporations, and tobacco used as financial resources to strengthen defense capabilities, so defense-related matters such as Mitsubishi Heavy ＜7011＞, Kawasaki Shigeru ＜7012＞, IHI ＜7013＞, and Nippon Steel Works ＜5631＞ have generally declined. In addition, Omron ＜6645＞, Daiichi Sankyo ＜4568＞, Sumitomo Pharma ＜4506＞, screen HD ＜7735＞, Sony Group ＜6758＞, etc. were sold.
Meanwhile, Oji HD ＜3861＞ became drastically expensive due to the announcement of the company's share acquisition, and Bandai Namco HD ＜7832＞ announced that popular action RPGs will be simultaneously released worldwide in 2025, which is a huge increase. Casio (6952) rose due to positive reports from securities companies. In addition, Advantest ＜6857＞, Konica Minolta ＜4902＞, Sharp ＜6753＞, Socionext ＜6526＞, etc. were purchased.
By industry, pharmaceuticals, services, machinery, other finance, electrical equipment, etc. declined, while only the two sectors of pulp, paper, and shipping rose.
Since Chinese stocks are weak, they weigh on China-related stocks, but the exchange rate is 152 yen 80 yen per dollar, and the depreciation of yen and dollar appreciation is progressing by about 20 yen compared to the morning. The depreciation of the yen has not underpinned export-related stocks, but if it rises to the 153 yen level since November 27, there is a possibility that it will reduce the decline in the Nikkei Average. The Nikkei Average is likely to develop in the aftermath looking at exchange rates and Chinese stocks.