The Nikkei 225 fell for a second consecutive session on the 23rd, closing at ¥62,693, down ¥214 from the previous day, but recovered to the ¥62,000 range in afternoon trading as semiconductor stocks attracted renewed buying. Next week, the FOMC, the Bank of Japan meeting and a series of earnings announcements from Japan- and US-listed AI-related companies are expected to be the market's main focus.
The Nikkei 225 extended its decline in Tokyo's stock market on the 23rd, closing at ¥62,693, down ¥214 from the previous day. Selling prevailed at the open following a decline in the US Nasdaq, sending the index down temporarily to the ¥61,400 range, but it recovered in afternoon trading to the ¥62,000 range as semiconductor stocks rebounded. The closing level was above the opening level.
Estimated trading value on the TSE Prime Market was ¥8.93 trillion. By sector, real estate, retail, fishery, and agriculture rose, while banks, marine transportation, and nonferrous metals declined. There were 553 advancers and 951 decliners, with declines predominating. Among individual stocks, ZOZO rose sharply, while Nihon Kohden Corporation fell substantially.
A series of earnings announcements from Japan- and US-listed AI-related companies is due next week, with results from Advantest, Microsoft, Kioxia Holdings and others attracting attention. There is a view that the market's direction could be influenced by the outcomes of the FOMC and the Bank of Japan meeting.
Following this week's market moves, numerous earnings dates and economic indicators in Japan and overseas are scheduled for next week. The schedule includes earnings from Canon Marketing Japan, Koei Tecmo and Stanley Electric, as well as the US FOMC, durable goods orders and the consumer confidence index. The performance of AI-related stocks and the direction of fund flows will be short-term areas of focus.