In the Tokyo market on the 6th, buying in major stocks is expected to lead, following gains in US equities. The Nikkei briefly exceeded ¥70,000 the previous day, and the direction of profit-taking pressure will be closely watched.
In the Tokyo market on the 6th, the Nikkei Stock Average is expected to see buying lead, particularly in semiconductor-related stocks, against a backdrop of gains in US equities. As on the previous day, upside gains are expected to remain limited, and buying momentum could vie with profit-taking sales.
The Nikkei is expected to trade in a range of approximately ¥69,900 to ¥71,000, centered around the previous day’s close of ¥69,946. As it briefly exceeded ¥70,000 the previous day, the tussle between buying and selling around this milestone is expected to be the focus going forward.