[Tokyo19thReuters]–The Nikkei average fell by 512.41 yen from the previous business day to 27,744.84 yen on the Tokyo Stock Exchange. It took over the trend that the three major stock indexes fell sharply in the US stock market on the 18th. In the Tokyo market, profit-taking sales increased mainly for high PER (price-earnings ratio) stocks such as semiconductor-related stocks, and the Nikkei average fell below the psychological milestone of 28,000 yen.
In the US stock market on the 18th after the Golden Week holidays, all three major indexes fell sharply. High-tech stocks were sold in response to the sharp rise in US 10-year bond yields, and Nasdaq fell 2.60%. The 200-day moving average fell below the closing price for the first time since April 2020.
The Nikkei average continued to decline even after the start of the decline, and temporarily fell by 567.27 yen to a low of 27,689.98 yen. There was a movement to sell stocks with a high Nikkei average and high PER stocks rapidly, disgusting the weakness of Nasdaq.
According to Mizuho Securities Senior Technical Analysts Yutaka Miura, in addition to the continued trend of growth stock sales in the US market, the sharp rise in crude oil prices and the rapid spread of the new coronavirus infection in Japan also weighed on it. It is said that “negative materials are overlapped”.
TOPIX closed the morning trading at 1942.70 points, down 1.80%. The Bank of Japan is said to buy ETFs (Exchange Traded Funds) for 70.1 billion yen if TOPIX in the front is closed at a price of over 2%. There is a possibility that it will become “(domestic securities).
The trading value of the first section of the Tokyo Stock Exchange was 1,628,411 million yen. Among the 33 industries of the Tokyo Stock Exchange, prices of 30 industries such as shipping, electrical equipment, precision equipment, transportation equipment, and steel have dropped. Prices of other products, petroleum / coal products, and pulp / paper increased.
Individually, related stocks fell sharply as the Philadelphia Semiconductor Index (SOX Index) fell by more than 4%. Tokyo Electron fell 5.78%, pushing down the Nikkei average by about 131 yen, and Advantest and TDK also fell more than 4%.
The Sony Group fell 9.45%, ranking second in both the top trading value and the rate of decline in the first section of the Tokyo Stock Exchange. On the 18th, Microsoft announced that it would acquire Activision Blizzard, a game software development company, for $ 68.7 billion in cash, raising concerns about intensifying competition.
On the other hand, game stocks such as BANDAI NAMCO Holdings and Konami Holdings are solid. It took over the flow of game-related stocks being bought in the US stock market due to speculation about M & A.
Yaskawa Electric and FAST RETAILING also increased.
The number of rises and falls in the first section of the Tokyo Stock Exchange was 194 (8%) for the rise, 1934 (88%) for the fall, and 53 (99%) for the same.