The Nikkei 225 is expected to extend its gains in Tokyo on the 7th, while the Nasdaq and S&P 500 hit record highs against a backdrop of gains in US technology stocks. Buying is expected to broaden, particularly in AI and semiconductor stocks.
The Nikkei 225 was expected to trade about ¥800 above the previous close, and the Tokyo market was expected to seek positive catalysts. In the US market, the tech-heavy Nasdaq Composite hit a record high, while the S&P 500 also renewed its record. Reports indicated that buying would spread to AI-related stocks, semiconductor stocks and other issues.
The Nikkei 225 has risen rapidly, and the possibility of selling driven by concerns over short-term overheating was also highlighted. Investors were watching to see whether buying interest would continue across a broad range of issues in Japan while assessing developments in the US.
The article put the previous close for the Nikkei 225 at ¥70,683 and said a gain of about ¥800 was expected. Developments in AI-related and semiconductor stocks were reported to be a particular focus in the domestic market.