The Tokyo stock market is expected to rebound, with the Nikkei 225 likely to move around ¥63,200. Buying aimed at an autonomous rebound is expected to lead the market as investors seek to gauge developments in the U.S. midterm elections.
The Tokyo stock market is likely to rebound on the 4th. After falling for consecutive sessions through the previous day, the market has yet to recover the decline recorded in June, and buying aimed at an autonomous rebound is expected to lead the market. The Nikkei 225 is expected to fluctuate around ¥63,200.
Trading is expected to remain range-bound toward the afternoon session, with activity likely to be subdued after the initial buying runs its course. The U.S. midterm elections, with voting taking place on the 3rd local time, are cited as a market factor.
Market participants therefore expect short-term rebound-oriented trading aimed at gauging developments in the U.S. midterm elections to remain the dominant theme.