All three major US indices rose. The Dow closed 360 points higher, while the Nasdaq gained more than 1%, with optimism surrounding SpaceX's earnings supporting the market. The dollar-yen rate was around ¥158, and an outlook for the Nikkei 225's trading range today was also provided.
After an early decline, the Tokyo market traded with US equities maintaining their firmness. The Dow rose about 360 points to close at 52,856, while technology stocks performed well. The Nasdaq gained more than 1%, and optimism in the market strengthened on the back of SpaceX's earnings announcement. The dollar-yen rate was recently around ¥158.10. Yen- and dollar-denominated CME Nikkei 225 futures finished 235 points and 275 points higher, respectively, than the Osaka daytime close.
All three major US indices are expected to rise, pointing to a market environment dominated by buying. However, after-hours reactions to US companies' earnings have varied by stock, and intraday trading may remain volatile. Meta Platforms rose, while Tesla and Lam Research fell. Lam Research dropped sharply, prompting some views that semiconductor stocks could face increased pressure. Although dips in the Nikkei 225 are expected to attract buying, nervous market conditions are likely to persist around US stock futures and AI-related stocks. The Nikkei 225 is expected to trade between 64,200 and 65,500.