[TOKYO (Archyde.com)]- On the morning of the 26th, the Nikkei Stock Average dropped 534.30 yen from the previous business day to 26,619.53 yen, falling for three consecutive days. While the US Federal Open Market Committee (FOMC) in September continues to be factored in, the US stocks fell sharply last weekend, and Japanese stocks continued to be weak. Concerns about an economic recession due to tightening of monetary policy in major countries increased, and the market became a bargain across the board.
Last weekend, the US stock market fell sharply in all three major indexes. The Nikkei Stock Average also started with a significant drop from the opening, and the range of decline has expanded since then. At one point, it fell to 26,515.06 yen, a drop of 630 yen, which was the lowest level since July 14. The rise in US long-term interest rates was disappointing, and especially the drop in pricey stocks and semiconductor-related stocks was conspicuous.
In the first half of the previous session, the air transportation and land transportation industries rose slightly, but turned downward in the second half.
In the market, there are growing concerns about a global recession due to monetary tightening in major countries. Yasufumi Yokoyama of Aizawa Securities’ Market Intelligence Department, Second Section, said that there is a negative perception of the UK’s large-scale tax cuts. With the probability of a hard landing in the economy increasing, he said, “It’s not a situation where you can actively buy stocks.”
Yokoyama said that the Nikkei Stock Average is expected to dip below the milestone 26,000 yen in the short term, and said, “I want to see if there will be dip-buying when it falls below that level.”
The Japanese stock market saw a general sell-off today, while travel-related stocks held firm. Prime Minister Fumio Kishida’s announcement of the easing of border measures has been well received, and the market has the view that “(travel-related stocks) are likely to continue to move firmly, although sentiment may sway” (domestic asset management company). shown.
TOPIX closed the morning at 1878.14 points, down 1.98%. The trading value of the Tokyo Stock Exchange prime market was 1,553,697 million yen. Of the 33 industries on the Tokyo Stock Exchange, all industries fell, with mining, petroleum and coal products, and non-ferrous metals ranking among the top decliners.
Individually, the SoftBank Group, Tokyo Electron, and Shin-Etsu Chemical Co., Ltd. were weak. Fast Retailing fell slightly, while mainstay Toyota Motor Corp. fell 2%.
In the TSE prime market, 278 issues (15%) rose, 1,505 issues (81%) fell, and 54 issues (2%) remained unchanged.