While the Nikkei 225 rose, US equity-market volatility and concerns over tariff policy also weighed on sentiment, leaving a mixed set of factors. Attention remains focused on the performance of major indices and potential market catalysts ahead.
Bullish factors announced today included a rise in the Nikkei 225 and firm trading in Chicago Nikkei 225 futures. The decline in US long-term yields, rebalancing demand accompanying the regular TOPIX constituent reshuffle, active share buybacks, and the Tokyo Stock Exchange’s calls for companies to enhance corporate value were also cited as market factors.
Bearish factors included declines in the Dow Jones Industrial Average, the Nasdaq Composite and the SOX Index. Concerns about the Trump administration’s tariff policies and caution over a slowdown in China’s economy were also seen as factors restraining investors’ risk appetite.
Several monthly economic indicators are scheduled for release, including Tokyo’s October CPI, the September job-offers-to-applicants ratio, unemployment rate, industrial production, retail sales and housing starts. The release of the Bank of Japan Monetary Policy Meeting results and Governor Ueda’s press conference are also among the events attracting market attention.