[Fujitomi] Concerns about U.S. administration management versus Bank of Japan ETF buying and strong-performing stocks
The Nikkei stock average fell back, ending trading at 19,814.88 yen, down 104.94 yen (0.53%) from the previous day. Selling, driven by a wary attitude toward a stronger yen, was observed in the futures market and weighed on the index’s upside. Concerns that scandals such as President Trump's alleged leaking of confidential information, the firing of the FBI chief, and the investigation obstruction allegations against former White House adviser Michael Flynn could delay tax cuts and infrastructure policy implementation also emerged, triggering a stronger yen and weaker dollar. On the other hand, despite the yen strengthening by about 1 yen versus the previous day, the stock market appeared to remain solid. Domestic demand stocks with strong earnings saw demand from overseas investors, among others. In the afternoon session, the Tokyo stock market also saw ETF purchases by the Bank of Japan, which provided support to the index’s downside.
TOPIX also fell, ending at 1,575.82 points, down 8.41 points (0.53%). The trading value on the first section of the Tokyo Stock Exchange was 2.4927 trillion yen, and the trading volume was 1,964.47 million shares. The number of declining issues on the first section was 1,287, rising issues 630, and unchanged 98.
