The Nikkei average closed at 27,715.75 yen, up 60.54 yen from the previous business day, in the Tokyo stock market. The Nikkei average started softly following the trend of the weakening of US stocks the day before, but the rate of decline narrowed after the sell-off cycle. A corner of semiconductor-related stocks was bought in response to the strong trend of US stock futures in after-hours trading, pushing up the market.



The Nikkei average approached cheaply in the morning and then temporarily dropped to 130 yen, expanding the range. However, after the sale stopped, the rate of decline gradually narrowed and emerged in the plus zone. After that, it expanded its rate of increase and maintained its resilience, and at the back of the market, it temporarily reached a high of 27,772.97 yen, which was over 110 yen higher. By sector, high-tech stocks such as semiconductor-related and electronic component corners were strong, and there were also clues to individual materials such as financial results announcements.


After the announcement of financial results by Google's holding company Alphabet and Microsoft, it was bought by overtime trading, and the future of the Nasdaq Composite, which has a high tech stock ratio, became solid. In response to this, investor sentiment improved, and there was a view that it might have led to the purchase of semiconductor-related stocks.


Market participants are interested in the Federal Open Market Committee (FOMC), whose results will be announced early tomorrow, Japan time, especially "Powell Federal Reserve (FRB) on the pace of rate hikes since September." "Is there any hint from the chairman?" (Mr. Masahiro Yamaguchi, General Manager of Investment Research Department of SMBC Trust and Banking. If Mr. Yamaguchi said that the rate hike in September would be 75 basis points (bp), he said, "It is easy to associate monetary tightening with concerns about a recession, which poses a downward risk to the stock market. Isn't it? "


While the Nikkei average is currently maintaining its resilience, it is expected that the upside will be heavier at around 28,000 yen in the near future. Even when US stocks are falling, the decline in Japanese stocks is limited, but "the strengths and weaknesses are in conflict to rise above 28,000 yen, so it is unlikely that the market will follow the upside. It was pointed out that "there is" (domestic securities).


TOPIX closed at 1945.75 points, up 0.13%. The TSE Prime Market Index was 1001.13 points, up 0.14% from the previous business day. The trading value of the TSE prime market was 2,372,889 million yen. Among the 33 industries on the Tokyo Stock Exchange, the price increase was in 18 industries such as shipping, land transportation, and pharmaceuticals, and the price decrease was in 15 industries such as fisheries/agriculture/forestry, electricity/gas, and other financial industries.


Individually, semiconductor-related stocks such as Tokyo Electron, Advantest, and Renesas Electronics are solid. SoftBank Group, which has a large index contribution, rose slightly, while FAST RETAILING remained weak.


The number of rises and falls in the prime market was 683 stocks (37%) rising, 1078 stocks (58%) falling, and 77 stocks (4%) unchanged.


Closed cost Closed from the last day up/down　


Nikkei 225 27715.75 +60.54 27575.16 27,525.09─2


7,772.97

TOPIX 1945.75 +2.58 1938.82 1,935.40─1,


949.54

Prime index 1001.13 +1.36 997.88 995.80 ─ 1,00


3.06

Standard index 990.79 -0.92 991.07 989.31─991.


95

Growth index 897.55 +4.76 888.56 888.56─899.


06 06

TSE trading volume (10,000 shares) 92521 TSE trading value (100 million yen 23728.89)


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