[寄り付き概況][Nikkei Average Stock Price・TOPIX (Table)]
Nikkei Average; 39879.36; -203.94
TOPIX; 2775.66; -10.91
[Market Opening Overview]
On the 8th, the Nikkei Average opened trading down by 203.94 yen at 39879.36 yen. The US stock market fell on the previous day, the 7th. The Dow Average dropped by 178.20 dollars to 42528.36 dollars, while the Nasdaq ended down by 375.30 points at 19489.68. The rise of Semiconductors NVIDIA (NVDA) led the market to rise after the opening. However, the company’s stock turned to decline, becoming a burden on the market, and as the JOLT job openings and the ISM non-manufacturing index exceeded expectations, the anticipated slowdown in rate cuts led to rising long-term interest rates, turning the market downward. The market trended weakly throughout the day, and expanded its decline towards the end.
Today, the Tokyo stock market saw selling lead the way. The decline in major indices in the US stock market yesterday weighed on the Tokyo market’s stock prices. Additionally, the rise in US long-term interest rates in overseas markets became a factor suppressing stock prices. Furthermore, in the USA tonight, the December ADP national employment report, weekly new unemployment insurance claims, and on the weekend of the 10th, the December US employment statistics will be released, along with various employment and labor-related indicators, which caused some investors to hold back on aggressive buying as they want to assess these factors, as the weekend will see the calculation date for the special settlement index (SQ) for January stock index options in the Tokyo market. On the other hand, as yesterday’s Nikkei Average exceeded the psychological barrier of 40000 yen, the outlook for higher stock prices strengthened. There were also expectations for the third-quarter financial results of February closing companies, which will be announced early next week, but selling was dominant at the opening stage.
By sector, Insurance, Other Financing Business, Electric Appliances, Construction, Rubber Products led the declines, while Iron & Steel, Marine Transportation, Textiles & Apparels, Oil & Coal Products, and Banking had the largest increases. In terms of trading volume on the Tokyo Stock Exchange Main Board, companies like Tokio Marine <8766>, Renesas <6723>, NEC <6701>, ORIX <8591>, SOMPO <8630>, Sony Group Corp <6758>, MS&AD <8725>, SMC <6273>, Fast Retailing <9983>, Hitachi <6501>, Aeon <8267>, and Nissan Motor <7201> declined. Conversely, firms such as Nomura Micro <6254>, Kioxia HD <285A>, Mizuho <8411>, Nippon Steel <5401>, Sumitomo Mitsui <8316>, Mitsui O.S.K. Lines <9104>, Recruit HD <6098>, Kyocera Corporation Sponsored ADR <6971>, Kawasaki Heavy Industries <7012>, Mitsubishi UFJ <8306>, Takeda Pharmaceutical <4502>, and Fujitsu <6755> increased.
