The Tokyo stock market is expected to see mixed sentiment on April 17, with the Nikkei 225 likely pressured by profit-taking. After climbing to 59,500 yen the previous day and hitting an all-time high for the first time in roughly six weeks, the benchmark appears set for position-adjustment selling amid a sense of short-term achievement. European markets showed mixed performances yesterday; Germany's DAX rose for a third day but weakened late, while France's CAC 40 slipped into negative territory toward the close. Hopes for a resolution to the U.S.-Iran conflict continued to support sentiment, though upside remained capped. In the U.S., the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 all posted robust gains, with the Nasdaq and S&P 500 hitting consecutive record highs. The Nasdaq extended its winning streak to 12 days, its longest in roughly 17 years. While index gains were modest, dip-buying remained solid. President Trump announced a 10-day ceasefire between Israel and Lebanon, raising expectations for U.S.-Iran peace progress. Among individual stocks, Advanced Micro Devices Inc surged 7.8% and Intel Corp climbed 5.5%, as strength in major chip stocks lifted the market following Taiwan Semiconductor Manufacturing Co 's strong earnings on April 16. In Tokyo, while U.S. tech strength is a tailwind, the Nikkei has gained over 3,000 yen over the past three sessions, sparking overheating concerns. Trading is anticipated to be range-bound in the 59,000 yen zone.

In U.S. markets on April 16, the Dow Jones Industrial Average rose 115.00 dollars to 48,578.72, rebounding from the previous session. The Nasdaq Composite gained 86.68 points to 20,102.70.

The economic calendar for today includes an auction for three-month Treasury bills. Overseas events include Malaysia's preliminary first-quarter GDP, the CIS Foreign Ministers Meeting, and the eurozone's February current account and trade balance data.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.