Amid weakness in U.S. stocks, expectations are growing that demand for buying on dips is strong. Trends in semiconductor-related and AI-related stocks will influence the Nikkei, while NVIDIA's financing plan will also be a key focus.
Japanese equities are expected to come under early selling pressure on the 12th due to weakness in U.S. stocks, but demand for buying on dips is said to be strong. The Dow fell in the previous day's U.S. trading session, while factors including higher oil prices are weighing on the market.
The Nikkei is expected to track futures, while intraday trading may at times lean positive, creating an environment in which buying on dips is likely to attract attention. The rebound from the late-July bottom is continuing, and the ±1σ level of the Bollinger Bands could also come into focus.
Movements in semiconductor-related stocks are the market's main focus, with investors assessing whether stocks such as Kioxia Holdings, Advantest and Tokyo Electron can drive the Nikkei. NVIDIA has announced that it plans to raise more than $500 billion to fund investment in AI infrastructure, keeping AI-related stocks in focus.
Earnings announcements from major companies have largely concluded, and their results are expected to undergo further reassessment. In addition, a focus on buying semiconductor and AI-related stocks on dips is being cited as a factor likely to attract attention.