In the Tokyo stock market on the 30th, trading is expected to remain range-bound after the previous day’s rebound, with investor preferences shaped by developments in US markets likely to continue. The expected range is ¥65,800 to ¥66,500, compared with the previous day’s close of ¥65,481.27.
In the Tokyo stock market on the 30th, buying is expected to initially focus on AI and semiconductor-related stocks. The Dow and Nasdaq fell in the previous day’s US market, while the SOX rebounded, and trading is therefore expected to become range-bound after an initial rebound. The dollar is expected to trade in the low ¥157 range and the euro in the low ¥178 range.
On the 29th, SUMCO, Taiyo Yuden and Tokyo Electron were among the stocks whose ADR prices converted into yen were higher than their Tokyo market closing prices. The yen-denominated settlement price for Chicago Nikkei 225 futures was ¥66,305, up ¥475 from the previous day.
Key domestic and overseas economic indicators and events scheduled for the 30th include the August commercial activity report, August industrial production, publication of the status of foreign-exchange intervention operations and a 2-year Japanese government bond auction. Overseas, China’s PMI indicators and US employment and GDP-related data are scheduled for release.
In earnings, Micron Technology is scheduled to announce its results, and investors are watching developments in related stocks.