The Nikkei Average is expected to seek stability around ¥65,000 in next week's Tokyo market, while caution toward AI-related stocks remains. Investors' attention is expected to turn to corporate earnings, although wait-and-see sentiment is also likely to spread ahead of monetary policy events in Japan and the United States.
The Nikkei Average is expected to trade around ¥65,000 next week, with an indicative range of approximately ¥63,000 to ¥68,000. Caution toward AI-related stocks has not been completely dispelled, and some market participants believe that the momentum behind gains in semiconductor-related stocks will also be limited.
Related stocks have recently fallen amid concerns over AI development, and the Nikkei Average dropped to around ¥64,000 at one point during this week's trading. Selling related to supply and demand may continue to emerge from next week onward, market participants have said. Some investors also want to assess the results of U.S. hyperscalers' earnings announcements, which are approaching.
Investors' attention is turning to corporate earnings, with particular focus expected on the performance of AI- and semiconductor-related companies and the messages from their management teams. Among individual companies, DISCO, Tokyo Steel and FANUC are scheduled to announce their earnings, and the market's reaction may vary depending on the content of these announcements.
A complete risk-off mood has not receded, and some forecasts call for domestic-demand and defensive stocks to remain firm. Monetary policy events in Japan and the United States are scheduled for next week, and market movements may change depending on developments.