Following a weak opening expected in US equities, selling is likely to lead trading in Tokyo, although caution is expected to intensify ahead of earnings announcements by major companies. The Nikkei 225's expected range for today is ¥62,500–¥63,500.
With US stocks opening lower, investors are becoming increasingly cautious ahead of earnings from major Japanese and US companies. The decline in US markets is expected to put selling pressure on the Japanese market as well.
The Nikkei 225 temporarily fell to as low as ¥61,462.61 during trading after US markets declined on the 22nd, but buying back into the market subsequently emerged and the index held up without a major late-session decline. The NY Dow fell $652.82 to $52,215.16, while the Nasdaq Composite fell 53.52 points. Rising crude oil prices also spread caution across the market.
Earnings announcements by US AI-related companies are scheduled through the 26th, with attention focused on their results and capital spending trends. AI-related stocks in Japan and the US are expected to be the focus of the market this week, with earnings announcements also scheduled for companies including 信越化学工業, アドバンテスト, イビデン and キオクシアHD.
The Nikkei 225's expected range for today is a high of ¥63,500 and a low of ¥62,500. Attention is also expected to focus on technical levels including the psychological ¥62,000 mark, the 200-day moving average at ¥61,465 and ¥65,000.