Japanese stocks have seen a succession of upward revisions in interim results, demonstrating companies' earning power, while the Nikkei 225 has stalled in the ¥60,000 range. Attention is focusing on when high-tech stocks will rebound and what the market's next leading theme will be.
A succession of upward revisions through the interim results has highlighted the resilience of companies' earning power. Fundamentals are considered solid, but the Nikkei 225 has recently remained in the ¥60,000 range.
The market is exploring the conditions for the Nikkei 225 to reach ¥70,000, while the timing of a recovery in high-tech stocks, including AI-related and semiconductor stocks, has become a focal point. Analysis continues to identify the next leading candidates based on data and how it is interpreted.
Among the news, the de facto ousting of NVIDIA's CEO was reported as an overseas factor, with corporate management uncertainty at times casting a shadow over the market.
An initiative to transform a long-established hotel in Oku-Nikko into an experiential destination was also featured, presenting changes in tourism and regional industries as an investment theme.