The Nikkei average in the morning fell back, and there was a reaction to the continuous rise due to concerns about recession.

The Nikkei Stock Average fell 203.94 yen from the previous business day to 27,710.72 yen on the Tokyo Stock Exchange in the morning, falling for the first time in 8 business days. In addition to smoldering concerns about a recession in Europe and the United States, profit-taking sales became dominant from the morning due to the reaction after the seven consecutive rises. Although the Nikkei average slowed down in some cases, the rate of decline widened again due to the decline in the price of stocks and the weakening trend of US stock futures.

The Nikkei average rose seven times in a row by last weekend, rising by more than 1,500 yen, and the temporary decline exceeded 250 yen due to a soft development from the approach, hitting a low of 27,663.16 yen. As the risk of recession concerns in Europe and the United States increased, sales of semiconductor-related stocks and high-tech stocks with high prices were conspicuous, while domestic demand stocks, which had been sluggish last week, were modest in the cyclical movement. Ascended to.

Although the Nikkei average as a whole has been soft, there is no atmosphere of steadily expanding the rate of decline. With the US Federal Open Market Committee (FOMC) coming up this week, it has been pointed out that "it is difficult to move due to the desire to determine the rate hike" (Rakuten Securities Chief Strategist Masayuki Kubota). rice field.

On the technical side, there was an opinion that the 200-day moving average (27,579.21 yen = present) may be considered as the lower price of the Nikkei average.

TOPIX closed the morning trading at 1943.10 points, down 0.66%. The trading value of the TSE prime market was 1,110,812 million yen. Among the 33 industries on the Tokyo Stock Exchange, the price increase was in 9 industries such as land transportation, electricity/gas industry, and foodstuffs, and the price decrease was in 24 industries such as electrical equipment, machinery, and steel.

On an individual basis, Oval and Global Kids Company were strong, while Tokyo Steel sold. FAST RETAILING temporarily hit a new year-to-date high, but then softened. Export-related stocks such as Toyota Motor Corporation and Nintendo were weak due to the yen's appreciation against the dollar/yen compared to last weekend.

The number of rises and falls in the TSE prime market was 534 (29%) for the rise, 1210 (65%) for the fall, and 94 (5%) unchanged.