[Tokyo 11th Reuters]–The Nikkei Stock Average is expected to weaken in the Tokyo stock market today. US long-term interest rates are rising and are likely to weigh on tech stocks and high PER (price-earnings ratio) stocks. Yaskawa Electric’s good financial results are expected to support the manufacturing stock price.
The expected range of the Nikkei average is 26,700 yen to 27,100 yen.
In the US stock market last weekend, 30 Dow Jones Industrial Averages rose amid volatile conditions. US 10-year bond yields hit a three-year high and bank stocks recovered. On the other hand, S & P Composite 500 and Nasdaq Composite fell.
The Nikkei average is expected to weaken in the Tokyo market. The Philadelphia Semiconductor (SOX) index has fallen by more than 2%, which is likely to weigh on the index as it creates headwinds for high-tech brands such as semiconductor-related products. In the market, “It is difficult to read the market reaction after the announcement of the US Consumer Price Index (CPI) on the 12th, and it is difficult to imagine the development of buying firmly in the near future,” said Shingo Ide, chief stock strategist at the Nisseikiso Research Institute. be asked.
On the other hand, Yaskawa Electric announced on the 8th that its consolidated operating profit for the fiscal year ending February 2023 is higher than the market forecast, and “manufacturing industries related to machinery and China may be bought” (Mr. Ide). The depreciation of the dollar / yen pair is likely to support export-related stocks.
Today, the Bank of Japan has announced its April regional economic report in Japan. There are also announcements of financial results for Lawson and Takashimaya. In China, price indexes such as CPI will be announced in March.
Nikkei 225 26985.80 29388.16 24681.74
+97.23 January 5, 2022 March 9, 2022
Chicago Nikkei Average Futures Limit 26990 (yen denominated)