The Nikkei recovered to the ¥70,000 range for the first time in 3 months last week, but lost momentum in the latter half of the week. This week, attention will focus on Taiwan-based TSMC's earnings and the US September CPI release.
The Nikkei Stock Average recovered to the ¥70,000 range for the first time in approximately 3 months last week, but profit-taking selling intensified, particularly in AI and semiconductor-related stocks, and the index lost momentum in the latter half of the week.
Taiwan-based TSMC is scheduled to announce its earnings this week.
Hiroki Takashi (広木 隆) of Monex Securities said that revenue has reached a quarterly record high based on preliminary figures, and that the key point will be whether the full-year revenue outlook is raised.
The US September Consumer Price Index is expected to be released on the 14th. If CPI growth accelerates in line with market expectations, US interest rates could rise, potentially weighing on stock prices, while also possibly triggering dollar buying, a weaker yen and a stronger dollar.