Following declines in semiconductor stocks in US markets at the end of last week, the Nikkei Average is expected to trade in a narrow range in Tokyo on the 24th. Rising major US indexes and the ongoing yen-weakening, dollar-strengthening trend are seen as supportive factors.
The Nikkei Average is expected to trade around the previous day's close in Tokyo on the 24th, moving in a narrow range. With semiconductor stocks having declined in US markets at the end of last week, trading is likely to take on a wait-and-see tone.
Selling may lead in stock index futures and major AI- and semiconductor-related stocks at the start of the week. At the same time, the rise in the three major US indexes at the end of last week and the ongoing yen-weakening, dollar-strengthening trend are cited as factors supporting the investment environment.
The Nikkei Average is expected to trade in a range of ¥65,400 to ¥66,600, centered on its closing level of ¥66,016 at the end of last week.
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