Selling is expected to lead in semiconductor and AI-related stocks in the Tokyo stock market on 15 October. Following the previous day’s decline in U.S. stocks, the market may reassess the situation based on ADR performance and TSMC’s earnings announcement.
Driven by domestic and overseas factors, selling is expected to lead in semiconductor and AI-related stocks in the Tokyo stock market on 15 October, after the Nikkei 225 weakened to close following an earlier rise.
In ADR comparisons, Fujikura, Kioxia, SoftBank Group, Tokyo Electron and Advantest, among others, are reportedly lower. Attention is also focused on the reassessment of robust semiconductor manufacturing equipment demand following ASML’s strength the previous day. Whether these stocks recover on the back of TSMC’s earnings announcement will be a key focus.
The dollar is trading in the lower half of the ¥158 range and the euro in the upper half of the ¥176 range. Nikkei futures are indicated to be slightly lower than the Osaka Exchange settlement value. Key indicators and events include Japan’s August machinery orders, U.S. retail sales, producer prices and the Philadelphia Fed business conditions index, and the G20 meeting of finance ministers and central bank governors.