Japanese stocks on the 13th are expected to trade while investors assess the resilience of semiconductor stocks, with the US market and Nikkei futures serving as key factors. There may also be periods when the decline in the SOX Index and futures movements weigh on the market.
Japan's stock market on the 13th is expected to open with selling leading the way, while trading is likely to proceed as investors assess the resilience of semiconductor stocks. In the US market, the Dow Jones rose while the Nasdaq fell, making the direction of semiconductor stocks a key market factor. Higher oil prices could weigh on the market at times, but buying is also expected on anticipation of earnings announcements.
The decline in the SOX Index stood out among US stock market developments, and selling is considered likely to emerge in semiconductor-related stocks such as Advantest, Kioxia Holdings, SoftBank Group and Tokyo Electron. This flow could spread to the Nikkei futures market, potentially resulting in futures-led trading.
Nikkei 225 futures opened at ¥69,500, up ¥30 from the daytime session, in the night session, but fell to ¥68,340 toward the end of holiday trading, with a period when they dipped below the +1σ level. The market is expected to continue probing the resilience of semiconductor stocks, depending on developments in the US and futures movements.
If weakness in semiconductor stocks becomes pronounced, a shift toward domestic-demand stocks is also envisaged as a potential market trend. Earnings announcements by major financial institutions are scheduled in the US on the 13th, and the financial sector could see speculative moves.