The Nikkei Average is expected to benefit from continued buying of AI and semiconductor-related stocks, with trading likely to target an upside level of around ¥69,500, approximately ¥1,200 above the previous close. Attention is turning to a continued advance as expectations for US interest-rate hikes retreat.
The Nikkei Average is highly likely to extend its gains in Tokyo trading on the 14th. Expectations for an early interest-rate hike receded in the previous day's US market, and the resulting impact of technology stocks leading the market is expected to spread to Japan.
Buying of AI and semiconductor-related stocks is expected to continue, and the Nikkei's intraday high could be pushed up to around ¥69,500. The previous day's close was ¥68,308, with a gain of approximately ¥1,200 expected.
The outlook for the Japanese market is being discussed against the backdrop of moves in US equities, with expectations for growth in AI data centers and the generative AI market seen supporting share prices.