US stocks are expected to extend their gains modestly, but Alphabet plunges in after-hours trading. Semiconductor stocks and the outcome of the Bank of Japan meeting will be the focus of today's Tokyo market.
US stocks are expected to post modest gains based on the previous day's trading. Depending on after-hours moves, this could also affect the opening of the Tokyo market.
One of the central themes covered in this article is Alphabet's plunge in after-hours trading. Developments in overseas markets are a potential source of concern because of their possible spillover into the Japanese market.
Semiconductor stocks are expected to emerge as a focus for the market, with investors likely to watch for activity in related names and the direction of any correction.
The other focus is the Bank of Japan meeting, with attention on how developments in monetary policy will be reflected in the market.