{"id":438901,"date":"2026-09-28T10:09:33","date_gmt":"2026-09-28T03:09:33","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/nikkei-gives-up-early-gains-as-nasdaq-futures-slip-before-micron-earnings-438901\/"},"modified":"2026-09-28T10:09:33","modified_gmt":"2026-09-28T03:09:33","slug":"nikkei-gives-up-early-gains-as-nasdaq-futures-slip-before-micron-earnings","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/nikkei-gives-up-early-gains-as-nasdaq-futures-slip-before-micron-earnings-438901\/","title":{"rendered":"Nikkei gives up early gains as Nasdaq futures slip before Micron earnings"},"content":{"rendered":"<div>\n<p dir=\"ltr\">The turn in Nasdaq futures shows how closely Japanese equities are tied to US chip sentiment, so Micron&#8217;s results on Wednesday are the near-term catalyst. One analyst quoted by Reuters expects the US semiconductor index to stay inside a wide trading range for the next three to four months, and the Nikkei is likely to mirror it. That points to choppy, two-way trade rather than a clean breakout for now. The same analyst flagged a longer-run risk for bank shares, which could lose support once the Bank of Japan&#8217;s policy rate approaches its terminal level.<\/p>\n<p dir=\"ltr\">&#8212;<\/p>\n<p dir=\"ltr\">Japan earlier:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/japan-services-producer-prices-rise-3-7-in-august-fastest-pace-in-over-two-years\" target=\"_blank\" rel=\"follow\">Japan services producer prices rise 3.7% in August, fastest pace in over two years<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/boj-minutes-show-dissent-for-faster-hikes-as-price-risks-skew-higher\" target=\"_blank\" rel=\"follow\">BOJ minutes show dissent for faster hikes as price risks skew higher<\/a><\/li>\n<\/ul>\n<p dir=\"ltr\">\n<p dir=\"ltr\">&#8212;<\/p>\n<p dir=\"ltr\">The Nikkei&#8217;s morning rally faded as traders pulled back before Micron&#8217;s earnings, with analysts expecting a range-bound market.<\/p>\n<p dir=\"ltr\">Summary:<\/p>\n<ul dir=\"ltr\">\n<li>The Nikkei ended the morning session slightly lower on Monday after rising as much as 1% earlier, Reuters reported.<\/li>\n<li>The index is on course to end a five-session winning run if the momentum holds, while the broader Topix edged up around 0.2%.<\/li>\n<li>Investors sold as Nasdaq futures weakened in Asian hours ahead of Micron Technology&#8217;s quarterly results on Wednesday, according to a portfolio manager cited by Reuters.<\/li>\n<li>Some selling was also linked to position rebalancing at the end of the half-year period.<\/li>\n<li>Analysts expect the US semiconductor index to keep trading within a wide range for the next three to four months, with the Nikkei likely to follow.<\/li>\n<li>Technology and bank shares are seen as the two main supports for Japanese stocks, though bank shares could lose ground as the BOJ&#8217;s policy rate nears its terminal level.<\/li>\n<\/ul>\n<p dir=\"ltr\"> Japan&#8217;s Nikkei share average surrendered its early gains and traded slightly lower on Monday, as weakness in Nasdaq futures and caution ahead of US chipmaker Micron Technology&#8217;s earnings weighed on sentiment, Reuters reported.<\/p>\n<p dir=\"ltr\">The index finished the morning session marginally down after climbing as much as 1% earlier in the day. If the softer tone holds into the close, the Nikkei will end a five-session winning streak. The broader Topix moved the other way, edging up around 0.2%.<\/p>\n<p dir=\"ltr\">According to Reuters, a senior portfolio manager at a Japanese asset manager said investors sold shares as Nasdaq futures weakened during Asian trading hours, with Micron due to report quarterly results on Wednesday. The same market participant said some investors were also selling to rebalance positions at the end of the half-year period.<\/p>\n<p dir=\"ltr\">Looking beyond the earnings event, the portfolio manager told Reuters that the US semiconductor index has been moving within a box range since June 20. The range is fairly wide, he said, and he expects the index to stay inside it for the next three to four months, with the Nikkei likely to track those moves. In his view, technology and bank shares will remain the two main pillars of support for Japanese equities. He cautioned, however, that bank stocks could lose their footing once the Bank of Japan&#8217;s policy rate rises closer to its terminal level.<\/p>\n<p dir=\"ltr\">The comments underline how dependent Japan&#8217;s market is on the direction of US semiconductor shares, and on how Micron&#8217;s results shape that mood. Traders will watch the earnings for signs of whether the chip trade can push the Nikkei back toward its recent highs, or whether the range-bound pattern the analyst described continues.<\/p>\n<p dir=\"ltr\">\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The turn in Nasdaq futures shows how closely Japanese equities are tied to US chip sentiment, so Micron&#8217;s results on Wednesday are the near-term catalyst. One analyst quoted by Reuters expects the&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-438901","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=438901"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438901\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}