Brand research
Overseas New York stock markets over the weekend continued to rise.
Solid economic indicators and corporate earnings served as buying catalysts.
With the spread of the novel coronavirus vaccine boosting expectations for the normalization of the U.S. economy, shares expected to benefit from the reopening were bought.
The Dow Jones Industrial Average and the S&P 500 index closed at records highs.
The Philadelphia Semiconductor Index (SOX) fell back.
Gold futures on the COMEX continued to rise, supported by a weaker dollar.
Crude oil futures on the NYMEX declined for the first time in five trading days, as profit-taking sales dominated ahead of the weekend.
Market-wide trading volume across the three exchanges (NYSE, MKT, Nasdaq) was about 9.99 billion shares, below the past 20-day average of about 11.02 billion.
On a weekly basis, the Dow rose 1.2%, marking four straight weeks of gains (up 4.8% cumulatively),
the Nasdaq Composite rose 1.1% for four straight weeks of gains (up 7.0%), and the S&P 500 rose 1.4% for four straight weeks of gains (up 7.0% cumulatively) on the week.
In the Tokyo stock market on the 16th, the Nikkei Stock Average rose for the second consecutive day (+0.14%).
The TOPIX (+0.09%) also rose for the second straight day.
The TSE Mothers rose for the second day (+1.82%), while the Nikkei JASDAQ Average fell for the second day (+0.16%), and the TSE Second Section rose for the second day (+0.10%).
The TSE First Section trading volume was 909.15 million shares, with a trading value of 2.0555 trillion yen.
The number of advancing issues on the TSE First Section was 1,021 (46%), declining 1,051 (47%), with 118 (5%) unchanged.
Industrial sector rankings showed 21 sectors advancing and 12 sectors declining.
Among the top gainers were: mining, insurance, air transportation, real estate, precision instruments, glass/ceramics products, fishery & forestry, …
Among the top laggards were: shipping, electricity & gas, banking, steel, metal products, transportation equipment, machinery, …
The Nikkei average rose slightly for the second day in a row.
In the morning, buy orders were favorable against the backdrop of initially strong U.S. economic indicators.
However, selling pressure waiting for a pullback appeared strong, and the index rose to a high of 29,789 yen, about 146 points higher than the previous close, before narrowing gains.
In the afternoon, buying led the way, and thanks to relatively firm Asian stocks during the lunch break, the index briefly approached the morning high.
Thereafter, after futures sales pushed it back into negative territory, it recovered again, but gains were limited and ended with a small move up.
The Mothers Index rebounded. Buying was broad across many leading-name issues, and the index maintained a gradual upward bias.
On a weekly basis, the Nikkei Stock Average fell 0.3% for two weeks in a row (cumulative decline of 0.6%), while the TOPIX rose 0.1%, marking a rebound after four weeks.
The TSE Mothers Index rose 0.5% for its third straight week of gains (up 4.3%); the Nikkei JASDAQ Average rose 0.1% for three straight weeks (up 0.8%),
and the TSE Second Section rose 0.2% for the second week in a row, with the TSE REIT Index up 0.4% for four straight weeks (up 4.3%) to close.
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