The Nikkei Stock Average is expected to trade around the ¥60,000 level in the Tokyo market on the 16th. While the decline in US technology stocks is likely to weigh on the market, buying on dips in domestic-demand stocks is expected to provide support.
The Nikkei Stock Average is expected to hold firm in the Tokyo market on the 16th. US technology stocks fell at the end of the previous week, weighing on the Nikkei. Selling may have emerged in AI- and semiconductor-related stocks, putting pressure on the market.
However, as the Nikkei approaches ¥60,000, buying on dips is likely to emerge in domestic-demand stocks and others that have lagged, providing market support. The Nikkei is expected to trade in a range of around ¥60,000 to ¥61,500, straddling the previous weekend's close of ¥61,142.