07/05/2026
Last Week's Market Recap (Apr. 27 to May 1)
At the beginning of the week, the market rebounded as high-tech stocks were bought up following the U.S. Nasdaq Composite Index and SOX Index hitting record highs at the end of the previous week, as well as news that Iran had presented new proposals to the U.S. aimed at ending the war and reopening the Strait of Hormuz. Later, although the Bank of Japan kept its policy interest rate unchanged, the number of committee members who voted against the decision increased from the previous meeting, which led to a resurgence of expectations for future rate hikes. As a result, bank stocks, which stand to benefit from such developments, posted significant gains, and the market remained firm. Toward the weekend, Japanese long-term yields rose to 2.5% for the first time since June 1997, and concerns about the relative overvaluation of stocks led to some selling. However, ahead of the upcoming holidays, the market ended with slight movement.
TOPIX rose by 12.14 points (0.33%) from the previous week to close at 3,728.73.Average daily trading volume rose by 410 million shares to 2.619 billion shares, and average daily trading value rose by JPY 1.3151 trillion to JPY 8.8741 trillion.
