2023-08-14 02:18:00
In the morning of August 14, the Nikkei Stock Average dropped 313.35 yen from the previous business day to 32,160.30 yen in the Tokyo stock market. This photo is taken at the Tokyo Stock Exchange in March 2011. (2023 REUTERS/Toru Hanai)
[Tokyo 14th Archyde.com]- The Nikkei Stock Average dropped 313.35 yen from the previous business day to 32,160.30 yen on the Tokyo stock market in the morning. US long-term interest rates are on the rise as the US consumer price index (CPI) and wholesale price index (PPI) are announced during the domestic holidays, and US high-tech stocks are falling, contributing to the index such as domestic semiconductor related Stocks with a large degree of strength fell.
The Nikkei 225 average dropped 16 yen and fell back slightly, and then turned positive and temporarily rose to 140 yen, but after that it plunged back into negative territory, temporarily declining 315 yen to 32,157 yen 80. I widened the decline in the sen. In addition to rising domestic interest rates, after-hours trading of US stock futures expanded the margin of decline slightly from the middle of the previous session, which also weighed on investor sentiment.
Semiconductor-related stocks, such as Tokyo Electron and Advantest, which have a large contribution to the index, and high-tech stocks, such as the Sony Group and the Softbank Group, were weak. Fast Retailing also weakened, with five stocks exceeding 170 yen, pushing down the index.
On the other hand, there is also a view that “domestic stocks are relatively solid” (Jun Kitazawa, deputy manager of the investment information group of the commodity department of Miki Securities), such as Pan Pacific International Holdings hitting a new year-to-date high. Stocks with high expected dividend yields are also conscious of their underlying strength.
As the financial results season in Japan is coming to a close, Mr. Kitazawa of Miki Securities believes that the market’s interest will turn to US monetary policy and the outlook for the Chinese economy.
TOPIX closed the morning trading down 0.75% at 2286.15 points. The trading value of the Tokyo Stock Exchange prime market was 1,980,242 million yen. Of the 33 industries on the Tokyo Stock Exchange, prices rose in six industries, including pulp and paper, glass, clay and stone products, and retail, while prices fell in 27 industries, including mining, real estate, and machinery.
While Honda, Nidek, and Fanuc were weak, Recruit HLDG posted new highs since the beginning of the year. Rakuten Group and Seven & i HLDG are firm.
In the Tokyo Stock Exchange prime market, 726 issues (39%) rose, 1,060 issues (57%) fell, and 47 issues (2%) remained unchanged.
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