The Nikkei 225 recovered to approximately the ¥70,000 range last week, but profit-taking selling in AI and semiconductor-related stocks is expected to spread this week, with the market likely to struggle toward the end of the week. The focus this week will be TSMC's results and the release of the U.S. consumer price index.
The Nikkei 225 recovered to approximately the ¥70,000 range last week, but profit-taking selling intensified toward the end of the week, and the index struggled to gain ground. AI and semiconductor-related stocks have been particularly active.
TSMC is scheduled to announce its results this week. Based on preliminary revenue figures, quarterly revenue is on track to reach a record high, and comments indicate that an upgrade to its full-year revenue outlook will be a key point.
The U.S. September consumer price index is scheduled to be released on 14 October. It has been noted that if the figure rises as expected, U.S. interest rates could increase, weighing on stock prices, while a stronger dollar and weaker yen could also be anticipated.
Other topics include estimates of regional differences resulting from the abolition of the provisional gasoline tax rate, as well as retail trends against the backdrop of heightened price awareness, including ¥1,000 jeans.