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“Tokyo Stock Market Expected to Rise Thanks to Strong US Tech Stocks and Weakening Yen”

The Tokyo stock market on the 26th is expected to rise. In the foreign exchange market, the dollar-yen exchange rate has temporarily depreciated to the 140 yen level, and it is easy to buy in the expectation that profits will expand in export-related stocks such as automobiles. Through the 25th U.S. tech stock high, the U.S.The semiconductor-related business triggered by NVIDIA’s sales growth prospectsThe inflow of funds is likely to continue.

  • The settlement price of Nikkei 225 futures (yen-denominated) on the US Chicago futures market (CME) is 31,100 yen, which is 270 yen higher than the closing price (30,830 yen) on the Osaka Exchange.
  • U.S. S&P 500 Stock Index Rebounds; U.S. 10-Year Treasury Yield Gains 8 Basis Points to Around 3.82%

Perspectives of market participants

Yasuhiko Kuramochi Market Strategist at Mizuho Securities

  • With the depreciation of the yen in the foreign exchange market as a tailwind, the Nikkei Stock Average is likely to hover around 31,100 yen, the futures price at night.
  • High-tech stocks are high in the US market, and semiconductor-related stocks continue to be easy to buy, even though they were priced in to some extent in the Japanese market the day before.

background

2023-05-25 22:43:00
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