Long-term interest rates rose against the backdrop of an upside surprise in the U.S. inflation indicator, and the Nikkei 225 is expected to find downside support at approximately ¥1,400 below the previous day’s close. Selling is expected to lead in AI- and semiconductor-related stocks, while TSMC’s earnings announcement will be the market’s main focus.
The Nikkei 225 is expected to fall for a second straight session in the Tokyo stock market on 15 October. Long-term interest rates temporarily rose in the U.S. stock market on 14 October following an upside surprise in the inflation indicator, and semiconductor-related stocks could decline broadly amid views that high interest rates could constrain AI investment.
Market participants are increasingly of the view that the Nikkei 225’s downside level will be around ¥66,300, approximately ¥1,400 below the previous day’s close of ¥67,744. The continued strong influence of U.S. market trends on the Japanese market is likely to remain a focus. Selling may lead in high-priced stocks, particularly semiconductor-related names.
Taiwan’s TSMC’s earnings announcement is a key market focus, and the company’s results could influence demand for AI-related products and the performance of semiconductor stocks. Views are emerging that this, together with U.S. market trends, could affect domestic stock preferences.
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