Tokyo markets are expected to remain soft today after US CPI rose 0.4% month on month in October, exceeding market expectations, and US stocks fell. The rebound may lose momentum.
The Nikkei Stock Average is expected to trade on a softer note in today's Tokyo stock market. The backdrop is the view that US CPI showed stronger-than-expected growth, triggering a decline in US stocks.
US consumer prices rose 0.4% month on month in October, exceeding market expectations, and reports indicated that expectations for continued rate hikes had strengthened. The effects may spread to Japanese markets.
Against this backdrop, the Nikkei is widely expected to have difficulty extending its rebound in today's trading.