On the 6th, the Tokyo stock market and the Nikkei Stock Average fell slightly.
▽The closing price of the Nikkei Stock Average on the 6th was 40,9078 yen, 6.85 yen lower than the closing price on the 5th.
▽TSE Stock Price Index = Topics rose 10.74 to 2730.67.
▽The daily trading volume was 1,834.41 million shares.
In the New York market on the 5th, sell orders were placed mainly in high-tech stocks, leading to a significant drop in prices following reports that iPhone sales in China had fallen.
On the other hand, in the Tokyo market on the 6th, immediately after the start of trading, sell orders were placed on semiconductor-related stocks, but after that, buy orders were placed on a wide range of stocks, and the closing price remained in the 40,000 yen range.
On the 7th, Japan time, Federal Reserve Chairman Jerome Powell will testify before Congress.
The focus is on when to start cutting interest rates.
The future of interest rates in the United States will have a major impact on semiconductor-related stock prices, which in turn will have an impact on the Nikkei Stock Average.
The market expects that interest rates will be left unchanged at this month's Fed meeting, but they are paying close attention to Chairman Powell's remarks for any hints about when the Fed will start cutting rates.