The Nikkei 225 is expected to remain weak on the 23rd. Lower US stocks and continued yen appreciation are expected to weigh on the market, with selling in AI- and semiconductor-related stocks likely to lead.
The Nikkei 225 is expected to come under early selling pressure in AI- and semiconductor-related stocks on the 23rd following sharp declines in the Nasdaq Composite and SOX in the previous day's US market. The developments have also been reported as a potential negative factor for export-related stocks.
In foreign exchange markets, the dollar-yen is in the upper ¥156 range and the euro-yen is in the upper ¥175 range. The yen is expected to continue moving higher, which could also affect futures in connection with the Osaka market. Concerns over PHP vulnerabilities on websites are also expected to persist.
Major ADRs on the 22nd were lower in yen terms than their previous closing prices, potentially weighing on the Nikkei 225. The yen-denominated settlement price for Nikkei 225 futures was ¥62,680, down ¥520 from the previous day.
Domestic and overseas indicators and events scheduled for the 23rd include Japan's September national consumer price index, the September S&P Global Japan Manufacturing PMI and FANUC's earnings announcement. Overseas, the US PMI and the final reading of the University of Michigan Consumer Sentiment Index are due, while American Express and other US companies are scheduled to report earnings.