TOKYO (Archyde.com) – Today’s Tokyo stock market is expected to weaken the Nikkei Stock Average. It is expected to take over the trend of the US stock price decline and start with selling first. The Nikkei Stock Average is likely to fall below 28,000 yen, as high-tech stocks such as electronic components and semiconductors are expected to sell as Apple’s AAPL.O fell more than 2%. The spread of the new coronavirus infection in China is weighing on investor sentiment, and trends in Asian stocks are also attracting attention.
The expected range for the Nikkei average is 27,850 yen to 28,150 yen.
On the previous day, all three major US stock indexes fell. Protests were held in major cities in China once morest harsh measures once morest the coronavirus, raising concerns over the economy. Apple was also sold over concerns regarding its impact on iPhone production.
Today’s Japanese stock market is expected to develop weakly, and it is likely that it will temporarily fall below the milestone of 28,000 yen. Following the drop in Apple stocks, electronic component and semiconductor stocks that are believed to be related to Apple are expected to move weakly. Chief Market Strategist Masahiro Ichikawa).
On the other hand, the United States is regarding to release important statistics such as personal consumption expenditure and employment data this week, and there is also speculation that it wants to see the contents. Mr. Ichikawa said, “It’s hard to imagine that the selling will accelerate all at once and lead to a sharp decline.” On the other hand, referring to the spread of coronavirus infections in China, he said, “Risk sentiment is deteriorating, and trends in Asian stocks between Japan and China will also be watched.”
In terms of the main schedule, domestically, the October unemployment rate (Ministry of Internal Affairs and Communications) and the October job openings-to-applicants ratio (Ministry of Health, Labor and Welfare) are scheduled to be announced. Overseas, the November Consumer Confidence Index (Conference Board) is scheduled to be announced in the United States.
