The Tokyo stock market on the 23rd is expected to see a buying-led tone following the rally in U.S. stocks the previous day, with the Nikkei Stock Average likely to continue its upward trend. However, with individual stocks showing caution toward near-term high levels, even though the Nikkei rose and hit a record high the previous day, the market showed strong adjustment characteristics, with declining issues exceeding 80%. Today's upside may also be limited, and the closing price may not reach the 60,000 yen level. European stock markets the previous day were mixed, but major economies were generally weak, with Germany's DAX, France's CAC 40, and the UK's FTSE 100 all declining for the third consecutive day, continuing to test lower levels. With no sign of progress toward ending the conflict between the United States and Iran, the wait-and-see mood remained strong. However, in Germany, semiconductor sector stocks such as Infineon Technologies attracted buying. In the U.S. stock market, buying spread widely across major stocks. While there has been no progress in negotiations with Iran, excessive anxiety has receded with the extension of the ceasefire. Additionally, some media reported that negotiations with Iran could resume on the 24th this week, which was also well received. The Dow Jones Industrial Average rose more than 400 dollars in the first half of trading. Technology stocks attracted notable buying, and the Nasdaq Composite Index's gain significantly exceeded that of the Dow. Demand for semiconductor-related stocks was particularly strong, with the Philadelphia Semiconductor Index (SOX Index) posting a substantial gain and recording its 16th consecutive day of gains. The Tokyo market is also expected to follow this trend, with buying centered on semiconductor-related stocks. The strong earnings results disclosed by DISCO CORPORATION <6146> the previous day are also likely to tilt investor sentiment toward bullishness. However, domestic demand stocks outside of AI and semiconductor-related sectors remain sluggish, and buying interest is likely to continue to be concentrated in a single sector.

In the U.S. stock market on the 22nd, the Dow Jones Industrial Average rose 340.65 dollars to 49,490.03, rebounding for the first time in three days. The Nasdaq Composite Index was up 397.60 points at 20,657.56.

On today's schedule, weekly securities investment flows, March national supermarket sales, and the April Monthly Economic Report will be released. Overseas, the first quarter real GDP for South Korea, the Bangko Sentral ng Pilipinas policy rate announcement, the April Eurozone Purchasing Managers' Index (PMI) preliminary data, the April UK PMI preliminary data, the April German PMI preliminary data, the April French PMI preliminary data, weekly U.S. initial jobless claims, and the April U.S. PMI (S&P Global survey, preliminary data) are scheduled.

Source: MINKABU PRESS

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