Tokyo stocks are expected to remain firm on the 28th, supported by gains in U.S. equities. Interest in AI and semiconductor-related stocks is expected to continue, and attention may also increase on stocks ahead of earnings announcements.
Against the backdrop of gains in U.S. equities on the 27th local time, Tokyo stocks are expected to remain firm on the 28th. Investors are expected to closely monitor AI and semiconductor-related stocks, while interest in companies with strong earnings is also likely to increase. Although the yen is trending stronger, movements in overseas markets may support the market.
The yen-converted ADR prices of SUMCO, Shin-Etsu Chemical, Advantest and others were higher than their Tokyo closing prices on the 27th. The yen-denominated settlement price for Chicago Nikkei Average futures was ¥64,410, up ¥910 from the previous day. Some market participants believe that this could affect capital flows and futures trading, influencing the market.
The main domestic and overseas economic events scheduled for the 28th include earnings announcements by Advantest, Hitachi, NEC, Nomura and JR Central. Overseas, the ECB's regular Governing Council meeting, developments related to the Federal Reserve, and earnings announcements in Asia, Europe and the United States are scheduled. Market developments may vary depending on the news that emerges.