Tokyo Stock Exchange eats up early rise and ends on the downside

Tokyo Stock Exchange eats up early rise and ends on the downside

Stock prices on the Tokyo Stock Exchange began trading on the day with positive movements, but fell on Monday, reflecting rising profits and slumps in overseas markets.

Following a rise of 59.08 points on Friday, the Nikkei average of No. 225 fell 229.33 points (0.77%) to close at 29,538.73.

The Topix index for issues in all first sections fell 4.88 points (0.25%) to 1,954.59 after rising 7.61 points on the previous trading day.

Investors in the Tokyo market moved to buy stocks from the beginning, reassuring that the Dow Jones Industrial Average in the United States closed at record highs on Friday.

However, after that, profit-taking pressure became dominant prior to the announcement of financial results of Japanese and US companies, and both the Nikkei and Topics indexes fell into the negative territory late in the morning.

Nikkei and topics continued to fluctuate slightly on the negative side throughout the afternoon, squeezed by after-hours trading and the fall in Dow futures on the Chinese stock market, with no news of strong market trends.

According to brokers, trading in the Tokyo market was sluggish before the full-scale earnings announcement began later this week in the United States and later this month in Japan.

Masahiro Ichikawa, Chief Market Strategist of Sumitomo Mitsui DS Asset Management Co., Ltd., pointed out the poor performance of Nikkei and stated as follows. Mon) After Yaskawa Electric’s earnings report was released late last week, it failed to provide positive surprises to market players. “

Yaskawa Electric’s report agrees with the idea that it is behind the Nikkei plunge compared to the decline in the Tokyo Stock Price Index, and some market sources expect industrial robot makers to end in February 2022. Investors were disappointed at the forecast of operating profit below.

Despite the decline in the index, in the first section of the TSE, the risers overwhelmed the decline from 1,292 to 811 and the 87 problem remained unchanged. Volume fell from 1,123 million shares on Friday to 954 million shares.

Yaskawa Electric plunged 7.11%.

Shipping company NYK has succumbed to profit taking after three consecutive victories until Friday.

Shin-Etsu Chemical, a retailer of Aeon and a producer of silicon wafers, also succumbed to mass sales.

Meanwhile, after Hideki Matsuyama won the 2021 Masters Tournament on Sunday and became the first Japanese golfer to win one of the four major professional golf championships for men, golf-related issues such as Sumitomo Rubber attracted purchases. ..

Other winners included cosmetics maker Shiseido and car maker Honda.

In index futures trading on the Osaka Exchange, the Nikkei 225 June major contract fell 190 points to close at 29,580.

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