Buybacks are expected to lead against a backdrop of gains in U.S. semiconductor stocks, with the Nikkei 225's expected range for today reported at an upper limit of ¥66,500 and a lower limit of ¥65,500.
The Dow Jones Industrial Average fell by $131.59 to $51,349.92 on the 29th, while the Nasdaq Composite fell by 22.84 points to 26,797.54 points. Chicago Nikkei 225 futures rose by ¥475 from the Osaka daytime session to ¥66,305. On the 30th, buybacks are expected to lead against a backdrop of this rebound and gains in semiconductor stocks.
In the Tokyo market on the 29th, selling prevailed, particularly in semiconductor-related stocks, amid higher crude oil prices and declines in U.S. technology stocks. The Nikkei average briefly fell below the ¥65,000 level. Buying on dips strengthened toward the close, and buying and selling appeared evenly matched near the closing level.
Nikkei 225 futures ended the night session at ¥66,310, and more stocks, particularly semiconductor and AI-related names, are expected to rise in the Tokyo market on the 30th. Buying aimed at an autonomous rebound is also anticipated, with attention focused on whether the market can quickly recover to around the 75-day moving average of ¥66,636. Potential upside targets include the 75-day moving average, ¥67,000 and ¥68,000, while potential downside targets include ¥64,000, ¥63,000, ¥62,726 and ¥62,000.