The Tokyo stock market on the 2nd is expected to remain weak, with reports suggesting that selling in AI-related and semiconductor stocks may lead the market.
The Tokyo stock market on the 2nd is expected to remain weak, with the projected range centered around ¥65,000. Against a backdrop of rising geopolitical risks and inflation concerns, selling in AI-related and semiconductor stocks may lead the market. The foreign exchange market is expected to remain relatively subdued.
ADRs were said to be lower on a yen-converted basis than the Tokyo closing prices of major stocks, while the yen-denominated settlement value for Chicago Nikkei futures was ¥64,870, down approximately ¥1,280 from the previous day. Market participants were also reported to be watching movements in the KOSPI.
Major economic indicators and events scheduled for the 2nd include the August monetary base and comments from the Bank of Japan in Japan, and the release of the US ADP employment report overseas. Other semiconductor-related exhibitions and similar events were also covered as news.
The source is Wealth Advisor, which advises investors to make investment decisions at their own risk.