Tokyo stocks are likely to rise after the holiday break, following gains in AI and semiconductor stocks in the US market. The Nikkei 225 closed at ¥65,018 the previous day, with its upper target generally seen at around ¥66,640.
In Tokyo trading on the 24th, the first session after the holiday break, gains led by AI and semiconductor stocks in the US market are expected to attract buying in Japanese stocks. The Nikkei 225 is widely expected to extend its gains from the previous session's close. ¥66,640 has been cited as the Nikkei 225's upper target.
The Dow Jones Industrial Average reportedly rose by approximately $352 on the 23rd in the US market. Meanwhile, the decline in crude oil futures is viewed as a factor supporting the market as a whole. Against this backdrop, buying in related stocks is expected to drive gains in the Nikkei 225.