Today's stock outlook = tangle, lack of clues in US holidays

2023-09-04 22:19:00

TOKYO (Archyde.com) – The Nikkei Stock Average is expected to struggle today on the Tokyo stock market. The US market was closed the day before, and there were few outstanding clues. However, depending on the trends in the Asian market, it is likely that the price will recover to the 33,000 yen level.

The expected range for the Nikkei Stock Average is 32,800 yen to 33,000 yen.

US markets were closed yesterday for the Labor Day holiday.

Yutaka Miura, a senior technical analyst at Mizuho Securities, said, “Since there are many investors who want to ascertain the movement of the US market after the consecutive holidays, the price movement in the Japanese market today may lack a sense of direction.” Ta. Basically, it is assumed that the price will be tied around 32,900 yen, but if Hong Kong’s Hang Seng Index, which rose sharply the day before, continues to rise, a recovery to the 33,000 yen level is likely to be in sight.

TOPIX has been renewing the high price after the bubble every day, but pointed out that TOPIX is expected to be stronger than the Nikkei average today.

In Japan, the household budget survey for July will be announced. The U.S. will release manufacturing orders for July, while China will release service sector PMI for August. In Australia, the central bank announces the policy interest rate.

Closing price of the previous business day High price since the beginning of the year Low price since the beginning of the year

Nikkei Average 32939.18 33772.89 25661.89