The Nikkei 225 is expected to continue rising, with some expecting it to recover to the ¥67,000 range. Buying in semiconductor-related stocks is expected against the backdrop of gains in U.S. technology stocks.
In Tokyo trading on the 1st, the Nikkei 225 is expected to extend its gains, with attention focused on whether it can move above its 75-day moving average. This is expected to strengthen expectations of further gains and raise hopes that the Nikkei 225 will break through its upper resistance zone.
In the previous day’s U.S. market, the Nasdaq Composite, which has a high weighting of technology stocks, rebounded for the first time in 3 trading days. Gains in U.S. technology stocks are expected to have a positive effect on the Tokyo market.
Against this backdrop, market participants expect buying to become more likely in high-priced semiconductor-related stocks, drawing attention as a factor that could push the Nikkei 225 higher.