The Nikkei 225 is expected to trade in a range of ¥60,000-¥65,000 next week, with attention focused on earnings from AI and semiconductor stocks and monetary policy trends in Japan and the US. In particular, earnings announcements from Kioxia and Advantest and the outcome of the FOMC and the Bank of Japan meeting are expected to be key market focuses.
The Nikkei 225 fell sharply last week on a correction in US AI and semiconductor-related stocks, ending trading at ¥62,693.16. The correction in AI and semiconductor-related stocks affected the broader market, while higher oil prices and flows of funds into and out of US Treasuries also affected market sentiment. Going forward, downside attempts and rebound moves are expected to depend on monetary policy trends in Japan and the US and earnings from large-cap technology stocks.
Next week, the FOMC, the Bank of Japan Monetary Policy Meeting, and US indicators including GDP, PCE and durable goods orders are expected to affect the Nikkei's performance. Among Japanese corporate earnings, attention will focus on investment and earnings outlooks related to AI at major companies such as Advantest, Hitachi and Kioxia Holdings. In the US, earnings trends at Microsoft and Amazon may also be a market focus. Along with domestic and overseas interest-rate and foreign-exchange trends, selling pressure on rebounds and a dispersal of stock selection are expected to continue.
AI, data centres and defence are among the sectors to watch next week, while selective buying of domestic-demand and defence-related stocks is also likely to be central. Interest-rate trends following the US Federal Open Market Committee (FOMC), the response of policy rates to the Bank of Japan's Outlook Report and press conference, and changes in supply and demand around the release dates for GDP and PCE are expected. Among individual stocks, attention will focus on earnings announcements from Advantest and Kioxia, trends in large overseas stocks such as MSFT and AMZN, and notable domestic stocks including PHC Holdings, Terra Drone and Nippon Avionics.
There are many factors that could influence market trends next week, but overall both rebounds and declines are expected, with stock selection focused on companies reporting strong earnings.}],
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