TOKYO (Reuters) – Today’s Tokyo stock market is expected to see a slowdown in the Nikkei 225 stock average after US stocks plummeted the previous day. As semiconductor stocks fell in the US stock market, selling pressure is said to be likely to be applied to semiconductor-related stocks that have a large contributor to the index in the Tokyo market. Even if the government’s frontier measures are eased from today, there is a possibility that domestic demand stocks will support the market, but the deterioration in the external environment is likely to weigh on the market.
The expected range for the Nikkei Stock Average is between 26,500 yen and 26,800 yen.
The previous day, all three major US equity indices fell. High-tech and semiconductor stocks were sold as the US government tightened restrictions on exports of semiconductor manufacturing equipment to China. Investors are also deeply concerned about the impact of the central bank’s continuing interest rate hikes.
Today’s Japanese stock market is likely to start falling again following the downtrend in US equities. Notably, the Philadelphia Semiconductor Index (SOX Index) fell 3.4% and some semiconductor-related stocks are likely to sell more. As these semiconductor-related stocks make a large contribution to the Nikkei stock average, the downward pressure on the index is likely to increase.
It was also pointed out that the deterioration of the external environment would cool investor sentiment. With the number of people accompanying China’s National Day recovering, “ In addition to being wary of the increase in the number of people infected with the novel coronavirus in China, growing geopolitical risks such as a missile attack on Ukraine by the Russian military have weighed on the market. I think it will be, “said Ryuta Otsuka, Toyo Securities strategist.
From today, the new krona’s boundary measures will be significantly eased and domestic demand stocks could be supported, but Otsuka said: “Given the large adjustment in US equities and geopolitical risks, prices are unlikely to rise significantly. significant”. .
In terms of the main calendar, in Japan, the balance of payments (Ministry of Finance) will be announced in August and Takashimaya and J. Front Retailing will announce the financial results.
Closing price of the previous business day. High price since the beginning of the year. Low price since the beginning of the year
Nikkei Media 27116.11 29388.16 24681.74
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Chicago Nikkei Stock Average Futures 26665 (denominated in yen)
