The Nikkei Stock Average is expected to rebound in the Tokyo market on May 15. Overnight, all three major U.S. indices rose, with the Dow Jones Industrial Average recovering above the 50,000 level. The Nasdaq Composite and S&P 500 reached record highs, creating a favorable environment for Japanese equities. The expected trading range is 62,800 yen to 63,800 yen.

At the U.S.-China summit, President Xi Jinping warned that the Taiwan issue could lead to a collision if not handled properly. Meanwhile, shares of Nvidia rose following reports that the U.S. government authorized sales of its advanced H200 semiconductors to Chinese firms. While Intel and Qualcomm were sold, the SOX index moved higher. June Nikkei 225 futures closed at 63,100 yen in Osaka night trading, suggesting a higher opening for the Tokyo morning session.

Domestically, May 15 sees a rush of earnings, with stock picking expected during trading hours. Kioxia Holdings Corporation <285A>, which saw trading value exceeding 2.4 trillion yen yesterday, will announce results at 3:30 p.m. after the market close. Given that Fujikura Ltd. <5803> collapsed during trading yesterday, dampening Retail Investor sentiment, a cautious wait-and-see stance ahead of Kioxia's results may spread. Rising long-term interest rates and news from the ongoing U.S.-China summit remain key focus points.

In the U.S. on the 14th, the Dow Jones Industrial Average rose 370.26 dollars to 50,063.46 dollars, and the Nasdaq Composite climbed 232.87 points to 20,635.22.

Japan’s April Corporate Goods Price Index was released before the bell, and machine tool orders are due at 3:00 p.m. Major earnings include Kioxia, Recruit Holdings Co., Ltd. <6098>, JAPAN POST HOLDINGS Co., Ltd. <6178>, Mitsubishi UFJ Financial Group, Inc. <8306>, and Mizuho Financial Group, Inc. <8411>. Overseas data include the NY Fed Manufacturing Index and U.S. industrial production. The Indonesian market is closed.

Source: MINKABU PRESS

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