[Nikkei Average Stock Price・TOPIX (Table)]
Nikkei Average; 39,210.23; +48.89
TOPIX; 2,730.52; +3.78
[Market Opening Overview]
On the 24th, the Nikkei Average opened higher at 39,210.23 yen, up 48.89 yen. The US stock market on the previous day, the 23rd, continued to rise. The Dow rose 66.69 dollars to end at 42,906.95 dollars, and the Nasdaq finished trading up 192.29 points at 19,764.88. Concerns about the decline in consumer confidence index caused mixed movements after the opening. The Dow fell due to a rise in long-term interest rates amid retreating expectations for rapid rate cuts by the Federal Reserve. The Nasdaq remained firm with tech stock buying expected for a Santa Claus rally, expanding its gains towards the end of trading, boosting the overall market. With participants limited ahead of the Christmas holiday, the Dow also recovered to positive territory before closing.
Today, the Tokyo stock market had a strong buying lead. The rise in major indices in the US stock market yesterday supported stock prices in Tokyo. Notably, the Nasdaq Composite Index, which has a high proportion of tech stocks, rose by 0.98%, and the Philadelphia Semiconductor Index (SOX Index), composed of major semiconductor-related stocks, increased by 3.10%, showing a larger increase compared to the Dow (up 0.16%), which supported tech and semiconductor stock prices in the Tokyo market. Additionally, in the foreign exchange market, the rate was at 157.10 yen per dollar, which was about 50 sen weaker for the yen compared to around 15:30 yesterday, supporting stock prices of export-related stocks in the Tokyo market. On the other hand, the rise in US long-term interest rates in overseas markets yesterday weighed on stock prices in Tokyo. Furthermore, many market participants were overseas investors taking Christmas holidays, resulting in limited aggressive buying, although buying was dominant during the opening.
By sector, Banking, Marine Transportation, Electricity and Gas Industries, Transportation Equipment, and Rubber Products ranked high in price increase rates, while Service, Information and Communications, Retail Trade, Warehousing and Transportation, and Real Estate ranked high in price drop rates. In the top trading volume of the Tokyo Stock Exchange Main Board, companies like Honda <7267>, Kasumigaseki Capital <3498>, Tokyo Electron <8035>, Kioxia HD <285A>, Laser Tech <6920>, Resona HD <8308>, Mitsubishi Motors <7211>, Sanrio <8136>, Disco <6146>, Mitsui Sumitomo <8316>, Japan Post <9101>, Canon Inc-Spons Adr <7751>, and Advantest <6857> saw increases. On the other hand, stocks like Nissan Motor <7201>, Recruit HD <6098>, Mitsui E&S <7003>, Kotobukiya Spirits <2222>, IHI <7013>, Rakuten <4755>, SoftBank Group <9984>, DeNA <2432>, Renesas <6723>, Hitachi <6501>, Mitsubishi Heavy <7011>, and 7&i HD <3382> experienced declines.
