During the morning session on the 26th, rebalancing activity, including short covering, ahead of Nvidia's earnings announcement drew attention, while semiconductor stocks were seen rebounding. 大阪チタ posted solid first-quarter operating profit of ¥1.25 billion, up 82.7% year on year, and 東京機械製作所 announced the expansion of its 2-ton-class transport robot lineup and the introduction of new models.
In Japan's stock market during the morning session on the 26th, investors were expected to seek opportunities to buy on dips in semiconductor and AI-related stocks in response to developments in the US market, while position adjustments ahead of Nvidia's earnings announcement were observed. In the US market, the Dow and Nasdaq rose, and lower oil prices provided reassurance, while the yen traded within a certain range. In Japan, semiconductor-related stocks were seen as particularly likely to attract rebalancing flows.
While active trading is expected to be restrained ahead of Nvidia's earnings announcement, there was speculation that moves to bring positions that had been skewed toward selling closer to neutral could support the market overall. Rebalancing flows entered stocks with a strong impact on the indices, and there were periods when buybacks were also seen in the futures market.