Weak trading is expected to continue in the Tokyo stock market on the 13th, with semiconductor-related stocks likely to lead a soft session. Rising geopolitical risks in the Middle East and lower ADRs are cited as potential headwinds.
The Tokyo stock market is expected to remain weak on the 13th, with the forecast range set at ¥68,300–¥68,800, compared with the previous day's close of ¥69,030.92.
There are views that risk aversion over the situation in the Middle East will intensify, with repeated attacks on airports in Riyadh by Yemen's Houthi rebels cited as a factor. The market may open softly, led by semiconductor-related stocks.
The dollar is in the mid-¥158 range and the euro in the upper-¥176 range, indicating a weaker yen, while Kioxia, Furukawa Electric and SoftBank Group were lower than at the end of last week on an ADR-converted basis.