In the Tokyo stock market on the morning of the 26th, the Nikkei average rebounded sharply to 29,100.57 yen, up 500.16 yen from the previous business day. It recovered 29,000 yen in a way that favored the rise in US stocks. Even after it started high in the morning, it continued to move steadily in the high price range against the backdrop of strong corporate performance and expectations for economic expansion.
In the US stock market the day before, the three major stock indexes rose. Buyers who liked the company’s financial results supported the stock price, and 30 Dow Jones Industrial Averages and 500 S & P totals reached record highs.
Japanese stocks started in a rebound in response to the rise in US stocks. After that, it was widely bought and remained firmly in the high price range of the day. Strong corporate performance and expectations for economic expansion supported the market, and the rise in business-sensitive stocks and foreign-demand-related stocks was conspicuous.
With the Dow Jones Industrial Average and S & P hitting highs ahead of the US Federal Open Market Committee (FOMC), the recent cautionary move to raise U.S. interest rates has “alleviated concerns about bad interest rates. “I think it’s happening,” points out Naoki Fujiwara, general manager of Shinkin Asset Management Investment Trust.
Mr. Fujiwara sees that Japanese stocks are not becoming more expensive and there is plenty of room for them to rise. Isn’t it difficult? ”
TOPIX closed the morning trading at 1.20% higher. The trading value of the first section of the Tokyo Stock Exchange was 1,289,775 million yen. TSE 33 industries are all rising. Steel, information / communications industry, transportation equipment, etc. lined up at the top of the rate of increase.
Major stocks such as Toyota Motor Corporation and Sony Group remained strong. Fast Retailing and SoftBank Group, which have a large contribution to the Nikkei 225, also increased. Following the rise in the US Philadelphia Semiconductor Index (SOX Index), semiconductor-related stocks such as Tokyo Electron and Advantest were also bought. NTT was also expensive.
The number of rises and falls in the first section of the Tokyo Stock Exchange was 1788, accounting for 81% of the total. The price decline was 294 stocks, and the price remained unchanged at 101 stocks.