The Nikkei 225 showed signs of rebounding as the rise in US crude oil prices paused, and interest in AI-related stocks was expected to increase on the 21st. It was also reported that, following the rebound in the Dow Jones Industrial Average on the 20th, Japanese stocks could attract buying aimed at a technical rebound.
The Nikkei 225 was reported likely to rebound in the Tokyo stock market on the 21st, as the Dow Jones Industrial Average rose against a backdrop of a pause in the rise in US crude oil futures. There was also a view that Japanese stocks were likely to attract buying aimed at a technical rebound after their decline through the 20th.
In the US stock market, the Dow Jones Industrial Average rebounded for the first time in 3 trading days, with its closing level reported to be approximately $529 higher than the previous day. Against this backdrop, the market was expected to enter a phase of testing a recovery in share prices, separately from Bank of Japan monetary policy and foreign-exchange trends.
Based on the previous day's closing level of ¥64,075, the Nikkei 225 was forecast to test a recovery of approximately ¥900 to around ¥65,000 on the 21st. Some market participants expected buying interest aimed at a technical rebound to strengthen.
The article noted that interest in AI-related stocks was increasing, identifying developments in AI technology and related companies as a focus for the market going forward. As a result, AI-related stocks could become a key market focus.