Snapshot: The Nikkei 225 closed up 0.84% at 63,272, shrugging off Wall Street weakness overnight. Sustained demand for AI-linked stocks and strong corporate earnings continue to support the index. Nidec’s sharp fall is notable amid a generally positive corporate outlook.
- Watch for follow-through from Olympus’s strong earnings and buyback announcement; a break above 63,500 would signal further upside.
- Risk lies in a deeper tech correction in the US, potentially dragging down Japanese tech names despite the positive domestic backdrop.
Bias into NY: Bullish. The Nikkei’s resilience in the face of US inflation data and tech weakness suggests underlying strength, and the improving corporate outlook should support further gains. A retest of recent highs near 63,800 looks likely.