The Tokyo stock market is expected to remain firm on the 12th, with buying of AI- and semiconductor-related stocks likely to lead the market. The yen is expected to weaken against the dollar, which could provide a tailwind for export-related stocks.
The expected range for the Tokyo stock market on the 12th is ¥66,800 to ¥67,500, compared with the previous day's close of ¥66,970.22. Buying is expected to lead the market, particularly in AI- and semiconductor-related stocks.
In the previous day's US stock market, the Dow and Nasdaq fell, while the SOX Index rose. There is a view that attention will focus on semiconductor-related stocks, which are likely to have a significant impact on the Nikkei 225. In foreign exchange trading, the dollar-yen rate is moving in the first half of the ¥159 range and the euro-yen rate in the latter half of the ¥183 range, with the yen weakening.
ADR trends are mixed on a yen-converted basis, with Furukawa Electric, Sumitomo Electric and Fujikura, among others, trading below their previous closing prices in Tokyo.
Domestically, July money stock data, a 10-year Japanese government bond auction and Tokio Marine's earnings announcement are scheduled. Overseas, consumer price indicators from India and the United States, among others, are scheduled for release.