The Nikkei average falls for the first time in three days, Trump’s warning continues, semiconductors weak

On November 12, the Nikkei Stock Average fell for the first time in three days at 39,376.09 yen, down 157.23 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 for the first time in three days to close at 39,376.09 yen, down 157.23 yen from the previous trading day. Buying was driven by positive sentiment from the previous day’s rise in US stocks, but there was a sense of caution regarding the next Trump administration’s China policy. The decline was particularly strong in semiconductor-related stocks, and the index also fell into negative territory by the end of the day.

The Nikkei average rose by 109 yen, then rose by 333 yen to 39,866.72 yen. In addition to favorable sentiment on the rise in US stocks, export stocks were supported by the dollar/yen exchange rate, which was slightly weaker than the previous day. Individual stocks were also actively looked for based on financial results.

But, he stopped after that. Prices are still running out of steam just short of the psychological milestone of 40,000 yen. In the market, Tetsushi Wakayama, senior fund manager in the equity management department at Tokio Marine Asset Management, said, “There is still uncertainty, including the political system of the next Trump administration, making it difficult to move follow up.”

However, many believe that the depreciation of the yen and corporate stock purchases will support stock prices, saying, “If US stocks do not fall, there is no need to be too pessimistic.” (Tokio Marine AM, Mr. Wakayama). Closer to the market, stock prices also rose as the dollar/yen exchange rate trended towards a weaker yen.

TOPIX closed 0.07% higher at 2,741.52 points. The TSE Prime Market Index rose 0.07% from the previous business day to 1,410.86 points. The trading value in the main market was 5,015,883 million yen. Of the 33 industries on the TSE, 19 industries saw price increases, including transportation equipment, rubber products, and construction, while 14 industries saw price decreases, including electrical equipment, oil products and coal, and medicines.

Regarding the number of rises and falls in the TSE main market, 800 stocks rose (48%), 784 stocks fell (47%), and 61 stocks remained unchanged (3%).

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