The Nikkei Stock Average is expected to rise in the Tokyo market as buying leads trading, following the view that the US employment report released the previous Friday did not strengthen expectations for an early additional rate hike. The index is expected to rise by about ¥1,500 from the previous Friday's close of ¥68,309 to around ¥69,800. Semiconductor-related stocks are expected to lead the market at times.
The Nikkei Stock Average could rebound sharply in the Tokyo stock market on the 5th, with the index expected to rise by about ¥1,500 from the previous Friday's close of ¥68,309 to around ¥69,800. The US employment report is expected to act as a buying catalyst because it did not strengthen expectations for an early additional rate hike.
The Dow's modest rebound in the US stock market the previous Friday has also fueled expectations that buying will lead trading in the Japanese market.
Semiconductor-related stocks are expected to lead the market, raising the possibility that the Nikkei could move toward the ¥70,000 level.