The Nikkei Stock Average Volatility Index (Nikkei VI) fell from the previous day. Ahead of the release of the US CPI, buying aimed at a technical rebound intersected with moves in semiconductor-related stocks ahead of ASML's earnings. There were moments when the high level of caution eased somewhat.
The Nikkei Stock Average Volatility Index (Nikkei VI) stood at 28.09 in trading on the 14th, down 2.32 from the previous day and 7.63%, with a high of 29.16 and a low of 27.20. Selling of semiconductor-related stocks in the US market and concerns about intensifying competition were viewed as market factors. In the Tokyo market, buying aimed at a technical rebound led the way, but nerves did not fully settle with the US CPI release approaching.
In the afternoon, with ASML Holding's earnings announcement due, some domestic semiconductor-related stocks came under selling pressure before and after the announcement. Overall, the Nikkei 225 ended slightly lower for a fifth straight session, while the Nikkei VI remained below the previous day's level. Some market observers said that the mood of caution over rising volatility had eased somewhat.
Following these moves, market participants are closely watching the Nikkei VI, and said that the timing of the CPI release and earnings trends at semiconductor companies could become turning points for the market going forward.