Yomiuri 333 was up 0.9% for the week of 5 October, and all three indices, including the Nikkei 225 and TOPIX, rose against the backdrop of reduced expectations for a US rate hike following weak US September jobs data.
Yomiuri 333, published by Yomiuri Shimbun, was up 0.9% for the week. The Nikkei 225 rose 1.1% and TOPIX gained 0.3%. Weak US September jobs data and reduced expectations for an early rate hike provided an optimistic backdrop that supported buying at the start of the week, while semiconductor and other AI-related stocks led the advance. Buying prevailed in the first half of the week, while profit-taking also emerged around the middle of the week.
Comparing the performance of the three indices, the Nikkei 225 rose the most, followed by Yomiuri 333 and TOPIX. The Nikkei 225 rose sharply on moves in AI-related stocks, while large-cap bank shares were weak. Yomiuri 333 rose in the first half of the week, then declined relatively little on the 7th and 8th, and remained in positive territory on the 9th even as the Nikkei 225 fell.
Among individual stocks, security-related names such as Trend Micro attracted buying amid a succession of reports of cyberattacks. MonotaRO surged on the back of securities firms raising their price targets. AI-related stocks, however, were sold in the latter half of the week, with Kioxia HD and SoftBank Group posting sharp declines. Regional bank shares such as ほくほくフィナンシャルグループ and 八十二長野銀行 were weak.
The weekly trend in Yomiuri 333 is expected to be influenced next week by the outlook for US interest rates and sector-specific moves. Developments in related stocks are expected to be covered in greater detail in future weekly analyses.