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Expectations for progress in the Japan-China trade agreement have led to a recovery to 37,500 yen.
The Nikkei average saw a significant rise. It closed at 37,503.33 yen, up 574.70 yen (estimated Volume of 2.6 billion 40 million shares), recovering to the 37,500 yen level for the first time in about a month and a half since March 27. Anticipation of progress in the US-China ministerial trade negotiations starting on the 10th led to buying across a wide range of stocks. When approaching the psychological milestone of 37,500 yen, there were instances where the increase was reduced due to selling in anticipation of a pullback and profit-taking adjustments ahead of the weekend, but in the latter half of the trading session, there was a movement of short covering.
The Nikkei average is up about 510 yen, with positive contributions from NTT Data, Fast Retailing, and SoftBank Group at the top.
On the 9th at 12:47 PM, the Nikkei average stock price was around 37,440 yen, up about 510 yen compared to the previous day. In the latter half of the day, trading began with a slight reduction in the rise from the morning close. Selling seemed to prevail due to a sense of completion in buying and weekend factors. The foreign exchange market continued to hover around 145.60 yen per dollar. In terms of contributions to the Nikkei average stock price, the top positive contributors included NTT Data <9613.T> (supervision), Fast Retailing <9983.T>, and SoftBank Group <9984.T>.
The Nikkei average rebounded with an increase of 83 yen, while individual stocks showed a sell-off dominance, leading to moments of negative reversal = in the early session 8 days ago.
Eight days ago, the Nikkei average stock price rebounded, rising by 83.49 yen from the previous day to 36,863.15 yen. On the other hand, the TOPIX (Tokyo Stock Price Index) fell by 4.80 points to 2,691.36 points, marking a decline for the first time in ten days. Following the rise in US stocks on the 7th, buying started from the morning. By 9:03 AM, the Nikkei average reached 36,957.90 yen, up by 178.24 yen. However, after the initial buying subsided, there were moments where it turned negative due to selling as investors waited for a pullback, indicating a heavy upper resistance.
Expectations for the US-China agreement also lead to a cautious approach to active buying and selling.
The Nikkei average fell for the first time in eight trading days. It closed at 36,779.66 yen, a decrease of 51.03 yen, with an estimated Volume of 2.1 billion 50 million shares. Buying started strongly driven by expectations for US-China trade negotiations and momentarily rose to 36,942.38 yen right after the market opened. However, ahead of the Federal Open Market Committee (FOMC) results, active trading was restrained, and afterward, there was continued stagnation around last week's closing price. In the Main Board, the number of rising stocks exceeded 1,000, overall.
The Nikkei average climbed about 20 points, with contributions from Tokyo Electron, KDDI, and Ryohin Keikaku leading the positive impact.
On the afternoon of the 7th, at 12:53 PM, the Nikkei Stock Average was trading around 36,850 yen, approximately 20 yen higher than the previous weekend. In the afternoon session, trading started with a slight widening of the decline from the previous close. After that, there was a slight recovery, and the index turned to a modest increase. The exchange rate continued to fluctuate around 143.20 yen per dollar. In terms of contributions from the stocks included in the Nikkei Average, the top positive contributors were Tokyo Electron <8035.T>, KDDI <9433.T>, and Ryohin Keikaku <7453.T>.
M3, Kobe Bussan, etc. (additional) Rating
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