Nikkei 225 at risk as SoftBank, Mizuho, Mitsubishi UFJ earnings loom

Impact · against what's priced in

Upcoming earnings for SoftBank and Japanese banks act as volatility catalysts rather than fundamental shifts. The market is currently discounting SoftBank's AI portfolio through a momentum crash, while Mitsubishi UFJ offers a potential unwind of the 'banks are dead' trade if BoJ rate hikes translate into actual net interest income growth.

INTC−0.10

Already priced in

The price assumes

a foundry division losing over $2 billion a quarter