In the Tokyo stock market on the 13th, stock selection based on earnings is expected to be the main focus, with the Nikkei 225 likely to move around the previous day's closing level. Against a backdrop of US stock movements and uncertainty surrounding NVIDIA, company-specific factors are expected to drive the market after the futures-led trend runs its course.
In the Tokyo market on the 13th, the expected range for the Nikkei 225 is approximately ¥60,400 to ¥61,500. Futures before the open reached ¥61,210 in overnight trading and are expected to start approximately ¥390 above the cash-market close. A rebound in US stocks, a slowdown in the recovery of semiconductor-related stocks and uncertainty surrounding NVIDIA's management structure could affect the market. In addition, the November options SQ calculation date falls on the day, so supply-demand conditions around the open warrant attention.
On the previous day, the 12th, the Nikkei 225 fell on weakness in semiconductor stocks, while the TOPIX edged higher. The number of advancing stocks was high across the TSE Prime Market, and individual stocks driven by earnings are expected to influence the market again today. US October PPI is due to be released at 22:30 Japan time, and reduced trading activity may spread owing to the weekend factor.