The Tokyo market on the 19th is expected to seek a point of stability. Against a backdrop of declines in AI-related stocks in the previous day's US market, movements in AI- and semiconductor-related stocks could take the lead.
Tokyo stocks on the 19th are expected to see selling dominate, particularly in stocks with a high index contribution, following declines in AI-related stocks and movements in the SOX index. The yen is expected to remain in a narrow range in the low ¥157s per dollar, while the euro is expected to be in the low ¥177s. On an ADR basis as of the end of the previous week, Kioxia, Fujikura and SoftBank Group were trading below their previous Tokyo closing prices.
On the same day, Japan is scheduled to release the August tertiary industry activity index at 13:30. Overseas, China's July–September GDP, retail sales, industrial production and fixed asset investment are scheduled for release at 11:00, followed by the US October NAHB Housing Market Index at 23:00. The market's cues could change depending on these indicators and movements in overseas markets, while Hong Kong will be closed for the Double Ninth Festival.
The yen-denominated settlement value of Chicago Nikkei futures was ¥63,925, down ¥1,595 from the previous day. With domestic and overseas indicators due for release, investors are expected to continue seeking a point of stability.
Provided by Wealth Advisor. This information is based on observations by Wealth Advisor, and investment decisions must be made at each investor's own responsibility.