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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 saw a significant decline for the first time in three days, falling by 817.76 yen to settle at 36,887.17 yen (with an estimated Volume of 1.9 billion 90 million shares), marking a drop below 37,000 yen for the first time in about six months since September 18 of last year. The decline was driven by a downturn in US tech stocks and a strengthening yen, leading to increased risk aversion. Although there was some buying at the lower level after breaking below the key level of 37,000 yen, attention is focused on the upcoming US employment statistics for February and the subsequent movements in the US market.
Japanese Stocks Decline 2.2%
JP Movers | Tokai Carbon Rose 6.42%, Leading Nikkei 225 Components, Mitsubishi Heavy Industries Topped Turnover List
Market sentiment was depressed today as Nikkei 225 components generally fell, with Tokai Carbon(5301.JP) being the top gainer today, rising 6.42% to close at 986.5 yen. In addition, the top loser was Nintendo(7974.JP),falling 9.22% to end at 10335.0 yen.
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 7th at around 11 AM, the Nikkei average stock price fluctuated around 37,100 yen, down approximately 610 yen compared to the previous day. At 9:47 AM, it reached 36,857.13 yen, an increase of 847.80 yen. After the selling subsided, the market seemed to strengthen as it did not breach the recent low of 36,816.16 yen recorded during trading on the 4th, indicating a sense of short-term overselling. Among the stocks included in the Nikkei average, the largest declines were seen in NINTENDO CO LTD <7974.T>, Chugai Pharmaceutical <4519.T>, and Trend.