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[Tokyo 2nd Reuters]- Average Nikkei shares are expected to continue to grow on the Tokyo Stock Exchange today. Three major indices rallied in the US stock market overnight. The yen is also depreciating in the currency market, which is likely to be a tailwind for major stocks.
The expected range of the Nikkei average is 28,200 yen to 28,400 yen.
The US stock market closed on Day 1, rebounding from last week’s sharp decline. IT (information technology) stocks led the rise, enthusiastic buying by individual investors switched to silver, and mining stocks also rose. Attention is also focused on the whereabouts of discussions on additional economic measures.
The current dollar / yen pair is in the mid-range 104.90 yen, and the yen has depreciated from the mid-range 104.60 yen at 3:00 pm the day before. At one point, it went up to 105.03 yen, and there were a few scenes where it hit the highest price since November 16 of last year. The settlement price for the March Nikkei 225 futures contract (denominated in yen) in Chicago was 28,295 yen, which is higher than the spot closing price of the previous day. The depreciation of the yen and the appreciation of US stocks are likely to be a tailwind for Japanese stocks.
Ryuta Otsuka, a strategist at Toyo Securities, said: “The conflict between individual investors and short-selling funds, who had been cautious last week, has calmed down and the market is becoming safer. Nasdak General and Philadelphia Semiconductor Index ( SOX Index) In response to the sharp rise in share prices, the Tokyo stock market is likely to buy mainly high-tech stocks. “
The government is expected to decide to extend the period of the state of emergency issued until February 7 due to the spread of the new coronavirus infection. The market said: “The extent of the state of emergency has already been taken into account. Individuals are likely to have some impact, but the index as a whole will be limited” (national values).
The main schedule is to release the financial results of companies such as Panasonic, Mitsubishi Motors, Mitsubishi Electric, Sumitomo Mitsui Financial Group in Japan, Alphabet, Amazon.com in the United States. Also, the United States refrains from announcing the number of American cars sold in January.
Closing price of the last business day Maximum price of last year Minimum price of last year
Nikkei Average 28091.05 28979.53 16358.19
+427.66 January 14, 2021 March 19, 2020
March 28,295 Chicago Average Nikkei Futures (Yen-denominated)
