The Tokyo stock market on the 12th is expected to see the Nikkei 225 test the ¥62,000 range. Buying is expected to lead trading on the back of gains in U.S. semiconductor stocks, while profit-taking selling by short-term investors is likely to come into focus after three consecutive days of gains.
The Nikkei 225 is expected to test the ¥62,000 range in Tokyo trading on the 12th, after closing at ¥61,248.59 on the 11th. Nikkei 225 futures are expected to rise to ¥62,020 in overnight trading on the Osaka Exchange, while the yen's level is also expected to support export-related stocks.
In ADR trading on the 11th, AI and semiconductor-related stocks including Kioxia, SoftBank Group, Fujikura, Lasertec and Advantest rose, and buying is expected to lead trading in Tokyo on the 12th as well. However, with the Nikkei 225 having risen sharply for 3 consecutive trading days, profit-taking selling by short-term investors is also expected to increase near ¥62,000.
Given that the 13th is the SQ settlement date, the market is expected to test higher levels with support from a rebound in U.S. AI-related stocks, although a pause in the advance should also be anticipated. Domestically, attention should be paid to October's corporate goods price index and the central Tokyo office vacancy rate, while overseas indicators include U.S. existing-home sales and the fiscal balance.