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The Nikkei average rose by 141 points, rebounding, but despite the weaker yen, there were more declining stocks on the Main Board = October 10 afternoon session.
On the 10th, the Nikkei average rose to 37,028.27 yen, an increase of 141.10 yen compared to the previous weekend. Meanwhile, the TOPIX (Tokyo Stock Price Index) fell by 7.83 points to 2,700.76 points. The Nikkei average reached 37,113.48 yen, up 226.31 yen, at 11:25 AM. On the 7th, U.S. stocks reacted to remarks by Chairman Powell of the Federal Reserve, who indicated that while uncertainty is increasing, the U.S. economy remains strong.
Risk-averse movements due to the decline in U.S. tech stocks and the appreciation of the yen.
The Nikkei average has significantly fallen for the first time in three days, ending down 817.76 yen at 36,887.17 yen (with an estimated Volume of 1.9 billion 90 million shares), marking the first time since September 18 of last year that it has closed below 37,000 yen in about six months. This decline was attributed to a lack of confidence following the previous day's drop in US tech stocks and the strengthening of the yen, leading to an increase in risk aversion. Although there were moves to buy on dips after breaking below the key 37,000 yen mark, the US is awaiting the release of the February employment statistics, and market participants want to assess the results and the subsequent trends in the US market.
Japanese Stocks Decline 2.2%
Stocks that moved or were traded in the first half of the session.
*New Japan Science <2395> 1487 +98 Nomura Securities has upgraded the investment determination. *Japan Oxygen HD <4091> 5143 +335 There are no notable materials, but it may be bought as European Index related. *High Pressure Gas Industry <4097> 929 +51 After the announcement of the sales suspension, the buying-back movement has continued. *Kose <4922> 6720 +353 The small meeting held the previous day has turned into a buying factor. *M-Up <3661> 1702 +86 Breaking out of the range from the previous day.
The Nikkei average is down approximately 610 yen, with NINTENDO CO LTD, Chugai Pharmaceutical, and Trend among the stocks with the highest decline rates.
On the morning of the 7th, the Nikkei Average was trading around 37,100 yen, down approximately 610 yen compared to the previous day. At 9:47 AM, it reached 36,857.13 yen, up 847.80 yen. After the Sell-off, it seemed to stabilize due to a short-term oversold feeling and the fact that it did not fall below the recent intraday low of 36,816.16 yen set on the 4th. Among the stocks included in the Nikkei Average, NINTENDO CO LTD <7974.T>, Chugai Pharmaceutical <4519.T>, and Trend were among the top decliners.
Express News | [Change Report] Nomura Securities reports an increase in the shareholding ratio of NIKON CORP SPONS (7731.JP) to 5.69%.
