Nikkei Average Closed Down for the First Time

As the index was in the high price zone for the first time in about 8 months, the selling of overseas investors and others wary of short-term overheating became dominant. In the afternoon, there was a view that domestic investors selled due to the approach of the end of the interim period, and the Nikkei average fell more than 250 yen at a time.

On the 27th Tokyo stock market, the Nikkei average closed down for the first time in nine business days and ended at 23,796.74 yen, down 237.05 yen (0.99%) from the previous day.

The Nikkei average recovered for the first time in about 8 months, on the 26th, 24,000 yen. The upper detachment rate from the 25th day moving average of the Nikkei average is close to 5% which is considered to be overheated by technical analysis, and some overseas hedge funds have sold for the purpose of finalizing the profit. In the afternoon, it was observed that domestic mega-bank self-selling division made a sale which was put together as stock index futures.

There was also a scene where the Nikkei average climbed in the morning. After the Japan-U.S. Summit talks, the US government is forecasting that additional tariffs on imported vehicles will not be imposed for the time being, and SUBARU and Mazda, which are highly dependent on the North American market, have been bought. Some of “defensive stocks” such as Eisai and Takeda whose performance is hard to be influenced by economic trends were also solid.

The JPX Nikkei index 400 was down and the closing price was 187.78 points (1.16%) lower than the previous day at 15,537.14. The TSE stock index (TOPIX) also closed down. The closing price was 21.56 points (1.18%) less than 1800.11.

The trading value of TSE 1 department is roughly 2,818 billion yen, the lowest level since 13th. Trading volume was 1,390.56 million shares. The number of stocks in the first section of the TSE exceeded 80% of the total number of 1,730. The price rise was 342, unchanged was 32.

Financial stocks such as Dai-ichi Life HD and Mitsubishi UFJ, etc. were sold from the perspective that the improvement of operational environment triggered by the decline in US long-term interest rates after the Federal Open Market Committee (FOMC). Semiconductor-related products such as East Electric and Shinetsuke are cheap, and FANUC and Nittendo are also lowered. Meanwhile, Fastli and Yamaha rose. Denso, Olympus, Asahi Kasei were high.