The Nikkei Average posted a sharp decline for the second consecutive week last week, taking its cumulative drop above ¥6,300. This week, important events including U.S. and Japanese monetary policy meetings and earnings announcements from AI- and semiconductor-related companies are concentrated, and opportunities for a rebound are expected to attract attention.
The Nikkei Average posted a sharp decline for the second consecutive week last week, ending trading at ¥62,693, down ¥2,631 from the previous weekend on a daily basis. Its cumulative decline consequently exceeded ¥6,300.
Declines were particularly notable across domestic stock indexes, with the TOPIX, TSE Standard Index and TSE Growth Market Index also falling sharply.
Although a near-term rebound is anticipated, the Nikkei Average faces numerous technical points, including resistance around the ¥65,000 level and developments in key moving averages, so cautious views on a shift to an uptrend may continue.
With events including U.S. and Japanese monetary policy meetings and earnings announcements from AI- and semiconductor-related companies concentrated this week, the market is expected to remain in a phase focused less on its direction than on maintaining current levels and the extent of any adjustment.