Profit-taking pressure is expected to intensify in the Tokyo stock market on the 18th, but many expect downside to remain limited. The expected range is ¥68,700 to ¥69,400, while the previous close was ¥69,220.25.
The Tokyo stock market on the 18th is expected to face stronger profit-taking pressure, as many stocks have risen so far, with the Nikkei expected to start lower for the first time in six sessions. However, some expect downside to be limited, supported by buying in semiconductor stocks in the US market and a period in which the SOX Index rose.
With major stocks providing support, AI-related stocks may maintain their firm performance, while a limited number of stocks could lift the index into positive territory. Momentum is building behind buying high-performing stocks following their April–June earnings results, leading some to expect downside to remain firm.
Kioxia and AI-related Mitsui Mining & Smelting are among the stocks attracting attention as likely to benefit from gains in US semiconductor stocks. Some market participants say these stocks are likely to be a focus of stock selection.
Scheduled domestic and overseas indicators and events include a five-year Japanese government bond auction in Japan, as well as Germany’s ZEW economic sentiment index and US business indicators, housing starts and industrial production.