Japanese stocks moved within a narrow range around ¥66,000 for the Nikkei 225 at the start of the week. Trading has been cautious as investors assess movements in the US market and events scheduled for this week.
The Nikkei 225 moved within a narrow range centered around ¥66,000 at the start of the week, with the market continuing to lack a clear direction. Market participants say selling is likely as investors remain conscious of the high price levels.
Major US stock indexes rose on the 21st, while AI- and semiconductor-related stocks fell. Japanese stocks have been weighed down by this trend.
Corporate earnings are viewed as solid, but caution over high stock price levels remains strong, making profit-taking more likely. The market is carefully assessing its future direction.
The Jackson Hole meeting, which will provide clues about US monetary policy, and earnings announcements from semiconductor giant NVIDIA are scheduled for this week. Cautious trading is expected to spread.