The Nikkei 225 rebounded immediately after the open on the 14th as concerns about aggressive interest rate hikes eased, while expectations for solid corporate earnings supported the market. Developments in the US market are also thought to have had an impact, and investors are closely watching how the market develops.
The Nikkei 225 rebounded immediately after the open on the 14th following a wait-and-see stance through the previous day. There was a view in the market that concerns about aggressive interest rate hikes in the US and Japan had eased, while expectations for solid corporate earnings provided support. In the short term, a weaker yen and foreign exchange movements were also seen as potential market catalysts, and there were periods when investors’ risk appetite partially recovered.
Thereafter, market attention remained focused on developments in companies’ earnings announcements, with the view continuing that positive earnings would support the market. Market activity could pick up again depending on upcoming economic data releases and policy developments, but for now the impression is that concerns weighing on the market have been progressively cleared.