Against the backdrop of news that the Nikkei Average had recovered to the ¥69,000 range, a Monex Securities program covered movements in Kioxia Holdings Corporation’s share price, trends in semiconductor and AI-related stocks, the outlook for interest rates, and GDP growth figures.
A Monex Securities program covered Kioxia Holdings Corporation’s share price rebounding from ¥36,000 and recovering its previous losses in roughly 2 months from its previous high. The key question is whether the time correction will continue or prices will fully retrace their losses.
The program discussed whether the correction in semiconductor and AI-related stocks might have ended and whether they may have shifted back into an uptrend. It indicated that movements in related stocks would remain a focus for the market.
The view was expressed that a rate hike in September was certain. Attention will remain focused on whether rate hikes will continue and on developments in financial markets, including coordinated intervention by Japan and the United States.
Following a report that GDP had posted positive growth of 1.1%, the program also touched on the impact of Japan’s recovery trend on the stock market.