[Tokyo 4th Archyde.com]–The Nikkei Stock Average is expected to develop strongly in the Tokyo stock market today. Against the backdrop of the rise in US stocks, it was repurchased from the sharp drop last weekend, and a recovery of 26,000 yen, which is a psychological milestone, is also in sight. On the other hand, concerns about the global recession are deep-rooted, and profit-taking and waiting-for-return sales are likely to hold back the top price after a round of buying.
The expected range of the Nikkei average is 25,900 yen to 26,400 yen.
The US stock market rebounded last weekend and ended. US long-term interest rates have fallen, and some high-tech stocks have been bought. On the other hand, since the 4th is a holiday for independence, there is a view that it is within the range of position adjustment before consecutive holidays. The Nikkei average, which fell sharply last weekend, is expected to be repurchased ahead of the rise in US stocks. On the other hand, the US Philadelphia Semiconductor Index (SOX Index) is 3.8% lower, which can be a weight for semiconductor manufacturing equipment-related stocks. The impact on the index of KDDI stocks with large-scale communication failures is also noteworthy. In the market, “The decline in US interest rates is conscious of worsening fundamentals. If no positive material comes out in this week’s economic indicators, it is likely that the trend will be centered on the low 26,000 yen range” (Nisseikiso Research Institute). Ide Shingo, Chief Equity Strategist).
The US Supply Management Association (ISM) June Manufacturing Index, released last weekend, was 53.0, down from 56.1 last month. It was reaffirmed that the economy is chilling due to the Fed’s aggressive monetary tightening, renewing the lowest level since June 2020.
Previous business day closing price Year-to-date high price Year-to-date low
Nikkei 225 25935.62 29388.16 24681.74
-457.42 2022/01/05 2022/03/09
Chicago Nikkei Average Futures Limit 26310 (yen denominated)