2023-06-19 21:53:00
TOKYO (Archyde.com) – The Nikkei Stock Average is expected to weaken in today’s Tokyo stock market. While the US market was closed the day before and there were few clues, it is expected that the speed adjustment will continue, weighed down by the fall in European stocks. While there is a sense of caution regarding the high price, there is also a deep-rooted expectation that the price will rise further, and it is believed that the price will be supported by buying on the downside.
The expected range for the Nikkei average is 33,100 yen to 33,600 yen.
The Nikkei Stock Average is expected to be weighed down by falling stock prices in Europe while caution once morest high prices continues. Mitsunari Akino, director of Ichiyoshi Asset Management, said, “There is a sense of short-term overreach in the market, especially for large-cap stocks.
On the other hand, Berkshire Hathaway, an investment company led by the famous US investor Warren Buffett, has increased its stake in five major Japanese trading companies.
In addition to the deep-rooted expectations of higher prices, the market is expanding, and it is expected that the price will be supported by buying on the downside. Mr. Akino of Ichiyoshi AM said, “There is a wide range of people looking for stocks. Funds will probably go to emerging stocks that are lagging behind.”
Earlier in the day, the European stock markets closed lower. The rice market was closed and business was thin. Markets are focused on possible additional economic stimulus from China and Federal Reserve Chairman Jerome Powell’s congressional testimony later this week.
In the United States, the number of housing starts in May is scheduled to be announced, and Vice Chairman Barr of the US Federal Reserve and Williams, President of the Federal Reserve Bank of New York, will participate in the debate.
Closing price of the previous business day High price since the beginning of the year Low price since the beginning of the year
Nikkei Average 33370.42 33772.89 25661.89
-335.66 2023/06/1 2023/01/0
9 4
1687218010
#Todays #stock #outlook #weak #difficult #grasp #due #holiday #speed #adjustment #continues #Archyde.com
