On April 1st, the Nikkei Stock Average on the Tokyo stock market fell by 566.35 yen to 39,803.09 yen, down 566.35 yen from the previous business day. The photo was taken in December 2022 in Tokyo (2024 Reuters/Issei Kato)
TOKYO (Reuters) – On the Tokyo stock market, the Nikkei Stock Average fell by 566.35 yen to 39,803.09 yen, down 566.35 yen from the previous trading day. Selling for profit due to supply and demand factors at the beginning of the period weighed on the market, and the Nikkei average fell by more than 660 yen at one point. In particular, a group of stocks that had recently seen a noticeable rise were weak. The intraday price range was 990.77 yen, exceeding the 957.91 yen on June 23 last year and the largest since last year.
The Nikkei Stock Average started the day with a rebound, rising 277 yen from the previous trading day. At one point, the price soared to over 320 yen, but the selling gradually became stronger. High-tech stocks and auto stocks, which make a large contribution to the index, were weak and pushed the index down, hitting a low of 39,706.45 yen in the first half of the market. However, after a lull in the sell-off, there was an influx of market buyers, which narrowed the decline. In response to the improvement in China’s economic indicators, machinery-related industries remained steady.
In the market. “In the past few years, profit-taking selling has often occurred at the beginning of the period, and with the Nikkei average at such a high level, it seems that profit-taking selling has become stronger,” said Takamasa Ikeda, portfolio manager at GCI Asset Management. was asked. Mr. Ikeda said, “It looks like the topside will continue to be heavy until about next week.”
On the other hand, there are no bad news for Japanese stocks, but a strategist at a domestic securities company said, “During the downside, buying on the downside tends to provide support, and once the selling due to supply and demand factors has run its course, the stock market will likely test an upward trend again.” I was also asked about my point of view.
TOPIX closed 1.71% lower at 2,721.22 points. The trading value on the TSE prime market was 4,644,251 million yen. The TSE Prime Market Index was 1,400.61 points, down 1.71% from the previous business day. In the emerging stock market, the Tokyo Stock Exchange Growth Market 250 Index closed at 734.62 points, down 1.58% from the previous business day. Among the 33 industries on the TSE, prices fell in 32 industries other than rubber products. Drops in oil and coal products, securities, etc. were notable.
Individually, Tokyo Electron (8035.T), opens new tab was down over 3%, and Advantest (6857.T), opens new tab was down over 4%. Fast Retailing (9983.T), opens new tab, which has a large index contribution, was slightly lower. Auto stocks also sold off, with Toyota Motor Corporation (7203.T), opens new tab down 4% and Honda (7267.T), opens new tab down more than 2%. On the other hand, Yaskawa Electric (6506.T), opens new tab, and Fanuc (6954.T), opens new tab each rose more than 2%.
In the prime market, 287 stocks rose (17%), 1,331 stocks (80%) fell, and 34 stocks (2%) remained unchanged.
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2024-04-01 17:18:50
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