In the morning Tokyo stock market, the Nikkei average continued to grow to 27,944.55 yen, up 129.07 yen from the previous business day. Although Japanese stocks maintained a strong tone in favor of the rise in the US stock market the day before, they were aware that the level of around 28,000 yen, which is higher than the market price, was heavy, and the movement was sluggish after the buying cycle.
The US stock market continued to grow on the 28th of July. With the second quarter gross domestic product (GDP) shrinking for the second consecutive quarter, it is observed that the Federal Reserve does not need to raise rates as aggressively as some expect. Spread.
Regarding this, the market said, "There is a movement to expect the Fed to become dovish. On the other hand, there are concerns about the economic downturn, and the top price remains heavy" (Nomura Securities Strategist Maki Sawada). Voices have been heard, and while maintaining a strong tone, it has been cautious about the upside. In fact, after putting it on 28,000 yen for a moment, it was all about fighting.
There is a strong impression that the level of around 28,000 yen is heavy in terms of technical aspects. The double top, which is formed by the high price of 28,338.81 yen on March 25 and the high price of 28,389.75 yen on June 9, is conscious, and it is said that it is difficult to raise at once from here.
On the other hand, in terms of physical properties, the movements have become superior or inferior depending on the content of the settlement of accounts, and the situation has gradually become polarized. In the market, "The financial results vary, and the movements will inevitably vary. In this case, even if we maintain a bullish tone, we cannot expect a full-scale high market price," said Takashi Nakamura, senior strategist at the Tokai Tokyo Research Center. A voice was heard.
TOPIX closed the morning trading at 0.02% higher. The trading value of the TSE prime market was 1,449,995 million yen. In the 33 industries of the Tokyo Stock Exchange, the prices of the service industry and the mining industry have risen, while the prices of pharmaceuticals and foodstuffs have fallen conspicuously.
On an individual basis, stocks with good financial results such as Advantest and Hosiden were bought, and Fast Retailing also became solid. On the other hand, NEC, which had poor financial results, fell sharply, and Nintendo is not even there.
The number of rises and falls in the prime market was 740 stocks (40%) rising, 1026 stocks (55%) falling, and 71 stocks (3%) unchanged.
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