[Tokyo 25th Archyde.com]–In the Tokyo stock market on the morning of the 25th, the Nikkei average fell sharply to 27,027.23 yen, a decrease of 561.14 yen from the previous business day. Risk-offs have increased due to geopolitical risks surrounding Ukraine and a sense of caution about the US Federal Open Market Committee (FOMC). Even after it started cheaply in the morning, it widened the range of decline and approached the psychological milestone of 27,000 yen.
The Nikkei average widened its decline in a short time even after approaching cheaply in the morning. Investor sentiment has been chilled as futures in the three major US stock index have remained weak amid smoldering concerns about geopolitical risks and normalization of US monetary policy. Sales spread not only to high PER (price-earnings ratio) stocks such as semiconductor-related stocks, but also to value stocks, resulting in almost all-depreciation. At one point, it hit a low of 27,006.37 yen, a decrease of 582 yen.
In the market, there was a voice saying, “The price has dropped more severely than expected” (Takuro Hayashi, Director of Investment Information Center, IwaiCosmo Securities). The US stocks closed on the previous day with a positive price, but “the market does not believe in bottoming out. It was also heavy that high PER stocks with unbalanced supply and demand were sold,” said Hayashi.
TOPIX closed the morning trading at 2.03% lower. With the TOPIX in the front market falling by more than 2%, it is expected that the BOJ will buy an exchange-traded fund (ETF) in the latter market. The trading value of the first section of the Tokyo Stock Exchange was 1,502,146 million yen. The prices of all 33 TSE industries have dropped. The highest rate of decline was in the shipping industry, service industry, machinery, other financial industries, and glass and earth and stone products.
Semiconductor-related stocks such as Tokyo Electron and Advantest were weak, and Recruit Holdings’ decline was severe. Brands such as Toyota Motor Corporation and Sony Group, which do not even have major stocks, stood out. On the other hand, defense-related businesses such as Ishikawa Seisakusho and Howa Industries are strong. Nissan Motor was also solid.
The number of rises and falls in the first section of the Tokyo Stock Exchange was 144 (6%) for the rise, 1989 (91%) for the fall, and 49 (2%) for the same.
*I updated the information.