The Tokyo stock market is expected to continue rising slightly on the 18th. In addition to continuing the rebound from the sharp drop at the beginning of the week due to concerns about the situation in the Middle East, strong U.S. economic data is also likely to lead to buying in industries sensitive to overseas economies, such as export stocks such as automobiles and machinery, and materials-related stocks.
On the other hand, the sharp increase in US interest rates will suppress the overall market price, and the US government will restrict the sales of semiconductors designed specifically for the Chinese market by Nvidia, so semiconductor-related prices are expected to be weak. .
The liquidation price of Nikkei 225 futures (denominated in yen) on the Chicago Futures Market (CME) was 32,110 yen, 70 yen higher than the closing price of regular trading on the Osaka Exchange (32,040 yen).U.S. stocks were mixed high and low – US 10 Annual bond yield rose 12 basis points to 4.83%
Mitsunari Akino, Executive Officer of Ichiyoshi Asset Management
Japanese stocks over-priced the impact of the situation in the Middle East at the beginning of the week, and the rebound is likely to continue today.The US economy is currently strong as incomes are increasing. The economy is expected to slow down from October due to factors such as the resumption of student loan repayments, but the economy will not go into a recession.Since most investors own NVIDIA, it was easy to react to news of sales restrictions in China. .Japan’s semiconductor-related market is also likely to be a little weak today.
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2023-10-17 23:07:00
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