2024-04-01 04:09:36
On the morning of April 1, the Nikkei average fell to 39,765.22 yen on the Tokyo stock market, down 604.22 yen from the previous business day. The photo was taken in August 2015 at the Tokyo Stock Exchange in Tokyo (2024 Reuters/Yuya Shino)
TOKYO (Reuters) – On the Tokyo stock market, the Nikkei average fell by 604.22 yen from the previous business day to 39,765.22 yen. The U.S. market was closed the previous weekend and there were few clues, but selling due to supply and demand factors at the beginning of the period put downward pressure on the market. Selling intensified in a group of stocks with notable recent price increases.
The Nikkei Stock Average started high by 277 yen, but the momentum did not continue and it turned negative in a short period of time. At one point, the decline widened by 632 yen to 39,737.20 yen. Amid a lack of clues, it appears that banks and others have been selling intensified following posting profits at the beginning of the period. Selling was noticeable in sectors that had been rising recently, such as real estate and transportation equipment.
In the market, one commenter was quoted as saying, “While no serious trading was taking place, it appears that the May rain-style selling of supply and demand factors had an impact.” (Koji Toda, fund manager at Resona Asset Management) “It will probably be from mid-week onwards” that investors will begin actively trading in line with their investment decisions in anticipation of the new fiscal year, Toda said.
On the other hand, a group of stocks that are considered to be China-related are solid. China’s National Bureau of Statistics announced on the 31st that the Manufacturing Purchasing Managers’ Index (PMI) for March exceeded 50, the dividing line between boom and recession, for the first time in six months, marking the highest level since March of last year. .
In the Bank of Japan’s March Tankan released in the morning, the Business Conditions Index (DI) for large companies and manufacturers was +11, the first deterioration in four quarters. Daihatsu’s suspension of shipments and other factors were a downward pressure factor, but the market is increasingly pricing in special factors, and a strategist at a domestic securities company said that it was “not enough to predict the direction of the market.” .
TOPIX closed the morning session at 2,716.47 points, down 1.88%. The trading value on the TSE prime market was 2,459,249 million yen. All 33 industries on the Tokyo Stock Exchange saw prices fall, with petroleum and coal products, transportation equipment, banks, mining, and securities at the top of the list.
Toyota Motor Corporation (7203.T), opens new tab, Mitsubishi UFJ FG (8306.T), opens new tab, and Tokyo Electron (8035.T), opens new tab are weak. On the other hand, Fanuc (6954.T), opens new tab, Yaskawa Electric (6506.T), opens new tab, and Rakuten Group (4755.T), opens new tab were solid.
Regarding the number of rises and falls in the TSE prime market, 290 stocks rose (17%), 1,332 stocks fell (80%), and 30 stocks remained unchanged (1%).
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