Selling is expected to lead in the Tokyo market against the backdrop of a decline in US high-tech stocks. Today's expected range for the Nikkei 225 was set at ¥69,000 on the upside and ¥68,000 on the downside.
In the Japanese and US stock markets on the 13th, the Dow Jones rose $195.60 to $51,850.55, while the Nasdaq Composite fell 120.27 points to 27,245.90 points. Against the backdrop of weakness in US high-tech stocks, the Japanese market was expected to open with selling prevailing.
In the previous day's US market, some AI-related stocks gave up their gains, and the Nikkei Average was pushed down to around ¥68,000. However, there was a view that the market recovered toward the close as lagging stocks such as shipping, gaming and trading companies attracted buying. The candlestick was expected to recover toward the five-day moving average.
Following China's major semiconductor memory maker CXMT's announcement that it had begun producing next-generation products with greater DRAM capacity and efficiency, selling also spread to semiconductor-related stocks. There were also reports that caution had increased toward Micron Technology, Intel, NVIDIA and AMD.
A succession of corporate earnings announcements and economic data releases is scheduled this week. While buying interest is evident in consumer-related and cyclical stocks, some observers have pointed to the possibility of a broader wait-and-see stance, and many market participants are said to want to assess developments going forward.