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Against the background of a decline in US stocks and a strengthening yen, the price falls below 38,000 yen.
The Nikkei average fell significantly for the seventh consecutive business day. With a drop of 1,285.34 yen, it closed the trading day at 37,869.51 yen (with a volume estimate of 2.1 billion 10 million shares), falling below the 38,000 yen mark for the first time in about three months since April 26. The negative investor sentiment was due to the sell-off of high-tech stocks in the US market the day before, as well as the appreciation of the yen, which accelerated to 1 dollar = 152 yen, the highest in about two and a half months, and affected a wide range of stocks. The rise and fall of stocks on the Tokyo Stock Exchange Prime board showed that the number of decliners exceeded 1,300, affecting the overall market.
The Nikkei average fell significantly and continued to decline for seven days, with the highest decline rate of the year due to the decline of US stocks and the appreciation of the yen.
On the 24th, the US stock market continued to fall. The Dow Jones Industrial Average closed at 39,853.87, down 504.22 points (-1.25%), while the NASDAQ fell 654.94 points (-3.64%) to 17,342.41, and the S&P500 closed at 5,427.13, down 128.61 points (-2.31%). Disappointing earnings from some high-tech companies triggered selling after the opening, leading to a decline. The world's economic indicators are also weak, and the domestic new residential sales index is also low, causing concerns to the economy.
US stocks fell and the yen strengthened, resulting in the lowest level in a month.
The Nikkei average fell for six consecutive business days. It ended the trading day at around the lowest level in about a month, closing at 39,154.85 yen, down 439.54 yen (approximate volume of 1.6 billion 40 million shares). The market started with a sell-off due to the decline of major stock indexes in the US market the previous day. However, there were also moves to pick up on dips from the cautiousness against the steady decline. The Nikkei average also turned positive to 39,643.27 yen in the middle of the morning session. However, in the afternoon, the yen rate dropped to the 154 yen-per-dollar range for the first time in about a month and a half.
Nissan, Mitsubishi Motors, etc. (additional) Rating.
Target stock price change code | Stock name | Securities company | Previous | After change | ------ | ---------------- | ---------- | --------- | --------- | <5032> | ANYCOLOR | Morgan S | 4900 yen | 5200 yen | <5711> | Mitsubishi Ma | Morgan S | 2500 yen | 2600 yen | <6586> | Makita | Morgan
Nidec Corporation sponsored ADR, Marubeni Corporation, etc. [List of stock materials from the newspaper]
*NIDEC <6594> revenue of 10 trillion yen in March 31, 5 businesses including AI leading the way (Nikkan Kogyo front page) - ○ *Nippon Steel <5401> Dissolving joint venture with China Baowu, focusing on automotive steel plates, US / India (Nikkan Kogyo page 3) - ○ *Hitachi <6501> Sells air conditioning joint venture to Bosch in Germany (Nikkan Kogyo page 3) - ○ *Ain HD <9627> Amazon collaborates with 9 pharmacies to provide online medication guidance service (Nikkan Kogyo page 3) - ○ *Fujitsu <6702> Safe driving of forklifts under a flat-rate system
There is also a possibility that Nidec Corporation sponsored ADR will brighten the sentiment.
[Stock opening comments] The Japanese stock market on the 24th seems to be experiencing a stalemate. On the 23rd, the US market saw the Dow Jones Industrial Average fall by 57 points and the NASDAQ fall by 10 points. With major companies' earnings reports becoming central, there is much interest in analyzing the figures. Additionally, as the results of important inflation and economic indicators for this week have yet to be released, selling due to profit-taking has become dominant. The Chicago Nikkei 225 futures clearing price was 40 yen lower than that of Osaka, at 39.
