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The Nikkei average fell sharply by 1,502 yen for three consecutive days, with increased caution over the introduction of US mutual tariffs = 31st afternoon session.
On the 31st, the Nikkei Average fell sharply, dropping 1,502.77 yen to 35,617.56 yen, marking three consecutive days of decline. The TOPIX (Tokyo Stock Price Index) also plunged by 98.52 points to 2,658.73 points. Both indices experienced their largest drop of the year, with the Nikkei Average marking its biggest decline since September 30 of last year (1,910.01 yen down), and the TOPIX since September 4 of the same year (99.78 points down). At 1:25 PM, the Nikkei Average had fallen to 35,541.72 yen, down by 1,578.61 yen.
The Nikkei average is down about 1,250 yen, and after a round of selling, the decline has somewhat narrowed in the morning session on the 31st.
On the 31st at around 10:03 AM, the Nikkei average stock price was fluctuating around 35,870 yen, approximately 1,250 yen lower than the previous weekend. At 9:22 AM, it reached 35,574.61 yen, down by 1,545.72 yen. It is the first time in six and a half months that it has dropped to the 35,000 yen range during trading hours since September 17 of last year. In the local market on the 28th, both the Dow Inc and Nasdaq Composite Index fell for the third consecutive day. The U.S. February PCE (Personal Consumption Expenditures) Index, excluding Energy and food, is projected to be on the market.
The market is preparing for the Bank of Japan to reduce its purchases of ultra-long-term Bonds.
Analysts say that when the Bank of Japan releases its second quarter bond purchasing plan next week, it may take another key step towards reducing its massive presence in the bond market, which may include cutting the scale of purchases for ultra-long-term bonds. According to the quantitative tightening (QT) plan established in July, the Bank of Japan's government bond purchase scale decreases by about 400 billion yen (2.65 billion USD) every quarter, halving the monthly purchase scale to 3 trillion yen by March 2026. However, the Bank of Japan has not reduced its purchases of ultra-long-term government bonds. Decreasing purchases of ultra-long bonds would reinforce the Bank of Japan's determination to continue advancing policy normalization.
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The Nikkei average fell by 788 yen, continuing the sharp decline, with over 80% of the Main Board stocks decreasing in value as of the morning session on the 28th.
On the 28th, the Nikkei average stock price fell significantly by 788.31 yen, settling at 37,011.66 yen. The TOPIX (Tokyo Stock Price Index) also dropped by 61.64 points to 2,753.83 points, marking a sharp decline for the first time in four days. Following the decline in U.S. stocks on the 27th local time, selling was dominant from the morning. By 11:00 AM, the Nikkei average fell to 36,961.80 yen, down 838.17 yen, breaching the 37,000 yen mark during trading for the first time since the 14th. It continued to trade in the low range thereafter.
Mori Hills, Mitsubishi Motors, etc. (additional) Rating.
Upgraded - Bullish Code Stock Name Brokerage Firm Previous Change After --------------------------------------------------------- <6869> Sysmex Morgan Stanley "Equal Weight" "Overweight" Target Price Change Code Stock Name Brokerage Firm Previous Change After --------------------------------------------------------- <3234> Mori Hills Daiwa 1
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