While factors such as a firm market tone and higher Nasdaq are supportive, the upside may remain limited.

[Emerging Market Stock Strategy] The emerging market is expected to remain firm today. In the U.S. stock market on the 15th, the Dow Jones Industrial Average fell by 72.27 points (-0.15%) to 48,463.72, ending three days of gains. While bank earnings for the quarter were well-received and progress toward resolving Middle East issues was reported, providing support to stock prices, the resilience in crude oil prices and a decline in housing market indicators weighed on shares. The Nasdaq continued its upward trend, driven by strong performance in technology stocks. The emerging market today is likely to see buying pressure prevail.

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