The Nikkei Average moved narrowly around ¥66,000 at the start of the week, as investors increasingly stayed on the sidelines ahead of developments in US markets and upcoming events.
The Nikkei Average moved narrowly around ¥66,000 at the start of the week. The market has held at the previous day's level while searching for direction.
Major US stock indexes rose on 21 August, while AI and semiconductor-related stocks fell, and this trend has also affected the Nikkei Average.
Although corporate earnings are viewed as solid, profit-taking selling is likely as investors consider stock prices to be at high levels.
With the Jackson Hole Economic Symposium and earnings from semiconductor giant NVIDIA ahead this week, investors are increasingly staying on the sidelines.