日経平均採用銘柄では、東京海上＜8766＞、MS＆AD＜8725＞、SOMPOホールディングス＜8630＞など損保株が下げたほか、野村＜8604＞、大和証G＜8601＞など証券株もさえない。このほか、オムロン＜6645＞、オリックス＜8591＞、三越伊勢丹＜3099＞、オリエンタルランド＜4661＞、任天堂＜7974＞なども売られた。The Nikkei Average fell. It ended the morning session at 39,942.95 yen, down 140.35 yen (-0.35%) from the previous day (estimated Volume 0.9 billion shares).
The US stock market fell on the 7th. The Dow declined by 178.20 dollars to 42,528.36 dollars, and the Nasdaq fell by 375.30 points to 19,489.68. The rise of the semiconductor NVIDIA initially drove the market upwards after opening. However, the stock then turned to decline, weighing on the market, while the JOLT job openings and the ISM Non-Manufacturing Index exceeded expectations, leading to speculation of a slower pace in rate cuts and an increase in long-term interest rates, resulting in a downward trend. The market remained soft throughout the day, and losses expanded toward the end.
In response to the decline in US stocks, the Tokyo market started with selling pressure. After dropping below 40,000 yen, the Nikkei Average saw its decline expand into the 39,700 yen range. However, after the selling pressure eased, the Nikkei Average found some support around 39,900 yen due to expectations of a widening interest rate gap between Japan and the USA, which led to a weaker yen and a stronger dollar. Additionally, semiconductor stocks, which have consistently seen increases, helped stabilize the market.
Among the stocks included in the Nikkei Average, shares of Tokyo Marine <8766>, MS&AD <8725>, and SOMPO Holdings <8630> fell, along with securities stocks like Nomura <8604> and Daiwa Securities <8601>, which also struggled. Other companies such as Omron <6645>, ORIX <8591>, Mitsukoshi Isetan <3099>, Oriental Land Co., Ltd. Unsponsored ADR <4661>, and NINTENDO CO LTD <7974> were also sold.
On the other hand, Advantest <6857> was bought based on positive reports from brokerage firms, while Tokyo Electron Ltd. Unsponsored ADR <8035>, DISCO <6146>, Screen HD <7735>, and Lasertec <6920> saw gains among semiconductor stocks. Regional bank stocks, including Concordia <7186>, Resona Holdings <8308>, and Shizuoka FG <5831>, were also bought based on rising interest rates. Additionally, Mitsui Mining <5706>, Furukawa Electric <5801>, DOWA Holdings <5714>, and Nidec Corporation Sponsored ADR <6594> also experienced buying.
By Global Sectors, Insurance, Other Financials, Other Products, Securities & Commodity Futures, and A-REIT ETF declined, while Marine Shipping, Nonferrous Metals, Textiles & Apparels, Iron & Steel, and Transportation Equipment rose.
Tomorrow, on the 9th, the US market will be closed due to the state funeral of former President Carter, which is expected to lead to thinner trading starting from tonight's overseas markets. Additionally, the Tokyo market is preparing for a three-day weekend, so the latter half of the session may see trading focused on position adjustments and could result in little movement. The Nikkei Average may attempt to recover back to the 40,000 yen level, but it seems unlikely to exceed the strong market condition above the return high of 40,398.23 yen from December 27 of last year.
