The Nikkei Average may remain in a correction phase, while the morning market commentary covered movements in the SOX Index and VIX, factors affecting NVIDIA, corporate buyback trends and new highs for shipping stocks.
The morning's trading was reviewed by looking at individual stocks, trading-value rankings and major indices, with commentary suggesting that the correction in the Nikkei Average and the SOX Index could persist.
The VIX Index is gradually rising, and a view was presented that market conditions could become more complex if a cycle of rising VIX and falling S&P 500 develops.
Regarding market trends in NVIDIA, it was pointed out that consecutive guidance updates and profit-margin trends should be closely watched, and commentary suggested that even limited information could become a selling factor.
Buybacks were said to be prompting a shift away from the dollar and showing signs of a renewed debasement trade, while the recent decline in U.S. long-term interest rates was said to be affecting stock selling.
Shipping stocks have reached new highs, and commentary described the shipping industry as a valuable sector for transporting physical assets.