The Tokyo stock market on the 6th is expected to see mixed sentiment, with selling likely at times against the backdrop of declines in US technology stocks. At the same time, buying in stocks with strong earnings is expected to provide underlying support for the market.
The Nikkei Stock Average is expected to see mixed sentiment in the Tokyo stock market on the 6th. While concerns have been raised that weakness in US technology stocks could weigh on the market, given the relative expensiveness of the previous day's European and US markets, buying in stocks with strong earnings, such as Taiyo Yuden, is expected to help push the market higher.
As for the previous day's Japanese and US markets, the NY Dow rose for a fifth straight day to a record high, while the Nasdaq Composite fell for the first time in 5 days and the SOX index also declined. Advanced Micro Devices, a semiconductor company, fell sharply, while NVIDIA and Apple rose and Alphabet, Microsoft and Amazon fell. SpaceX's plunge after its earnings announcement and concerns over the lifting of the lock-up were also cited as market factors.
Today's schedule includes earnings announcements from SoftBank Group, NTT and Nintendo, among others, as well as the weekly figures for foreign and domestic securities investment contracts, imported vehicle sales, the central Tokyo office vacancy rate and the 30-year government bond auction. Among major overseas indicators, June retail sales in Europe, US initial jobless claims, the labor productivity index and wholesale sales are scheduled for release.