The Tokyo stock market is expected to trade range-bound on the 25th, with an expected range of ¥65,100 to ¥65,800. A new agreement in the economic and trade areas is reportedly expected from the US-China summit, but details remain unclear, likely limiting aggressive buying.
The Tokyo stock market is expected to remain range-bound on the 25th, with an expected range of ¥65,100-¥65,800. Although a new agreement was reportedly reached at the US-China summit, the details remain unclear, making a significant market move unlikely for now.
As the 28th is the final trading day for September dividend entitlements, some expect buying interest in individual stocks, particularly high-dividend stocks, to strengthen at times. In the foreign exchange market, the yen has weakened, with USD/JPY in the upper ¥158 range and EUR/JPY moving toward the mid-¥180 range.
ADRs were broadly higher on 24th in yen terms, with stocks including Nippon Steel, Furukawa Electric and Komatsu trading above their closing prices. Chicago Nikkei 225 futures were trading approximately ¥235 higher than the Osaka Exchange settlement price.
Scheduled economic data releases include August nationwide supermarket sales and nationwide department store sales in Japan, as well as US August durable goods orders and the final University of Michigan Consumer Sentiment Index reading overseas. Market participants remain focused on assessing the direction ahead.