The Tokyo stock market is expected to trade on a weaker note on the 15th, with selling likely to prevail, particularly in semiconductor stocks, amid concerns over a slowdown in AI-related investment.
The Tokyo stock market is expected to trade on a weaker note on the 15th, with selling likely to prevail, particularly in semiconductor stocks, amid concerns over a slowdown in AI-related investment, and the Nikkei 225 is expected to remain soft. Funds may shift into domestic-demand, entertainment and defensive stocks, and the number of advancers across the Prime Market could also increase.
The dollar is expected to trade in the lower ¥154 range and the euro in the lower ¥178 range, with both currencies showing little movement. ADRs for Furukawa Electric, Sumitomo Electric Industries and Fujikura are expected to be lower in yen terms than their Tokyo closing prices on the 14th. The yen-denominated settlement price for Chicago Nikkei 225 futures was ¥230 lower than the previous day at ¥63,120.
The main economic indicators and scheduled events for the 15th include Japan’s July tertiary industry activity index and 20-year JGB auction; China’s July retail sales, industrial production and urban fixed-asset investment; Germany’s ZEW economic sentiment index; the US NY Fed Empire State Manufacturing Index; the FOMC meeting, which runs through the 16th; and a US 20-year Treasury auction.