Investor focus remains concentrated on leading stocks, with market attention turning to whether selective buying will broaden across individual issues.

■ Whether the broadening of stock-specific interest will continue is a key focus. This week, emerging market stocks may see mixed movements. Market sentiment is expected to be supported by investor interest in thematic and strong-earnings stocks, and whether this stock-specific momentum continues will be closely watched. Notable names include GENDA <9166>, whose North American expansion of crane game prizes was viewed positively, and BuySell Technologies <7685>, which saw buying after a U.S. brokerage raised its target price—both are large-cap stocks continuing to attract capital on the back of earnings expectations, and their performance will be under scrutiny.

Fisco JapanJun 1 07:00

Despite concerns about market overheating, will the rally centered on thematic stocks such as AI and space-related sectors continue?

■ Emerging markets may remain firm this week, supported by receding excessive caution regarding the Middle East situation. Diminishing investor anxiety over the Middle East, along with declining crude oil prices and U.S. long-term interest rates, is likely to continue bolstering market sentiment. Following the conclusion of the earnings announcement season, stock-specific trading has become more active, suggesting that the current theme-driven market—centered on AI and space-related sectors—may persist. On the other hand, with the Growth 250 Index recently trading near its highest levels for the year, short-term overheating concerns are beginning to surface, warranting caution at elevated valuations.

Fisco JapanMay 25 07:00