2023-06-25 22:56:00
The Tokyo stock market on the 26th is expected to fall further. June’s PMI (Purchasing Managers’ Index), which reflects economic activity in the United States and Europe, generally fell short of market expectations, creating a headwind for Japanese stocks, which are sensitive to the global economy. The fact that the Russian private military company Wagner caused a rebellion in the country and that the situation settled down for the time being is also likely to increase the interest of the market.
Due to uncertainty about the future of the overseas economy, the prices of foreign demand stocks such as machinery and automobiles are likely to fall. The Philadelphia Semiconductor Stock Index (SOX) on the 23rd is cheap, and it is easy to sell semiconductor-related stocks in the Japanese market on the 26th.
Chicago futures market (CME) Nikkei 225 futures (yen-denominated) settlement price is 32,635 yen, down 35 yen compared to the Osaka Exchange’s normal closing price (32,670 yen). Yield fell 6 basis points to 3.73%
Perspectives of market participants
Shoji Hirakawa Chief Global Strategist at Tokai Tokyo Research Center
The PMI for Japan, the United States, and Europe, which was announced at the end of last week, appears to be weaker than expected. Defensive stocks such as products are likely to be bought There will be some expectation that the turmoil over Russia will bring about an end to the war due to internal turmoil, and the euro is reacting to buying in the Sydney market. Suggests positive for stock market
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