The market took a breather ... as investors moved to lock-in profits after the main indices here surged to more-than-five-year highs. |
The prospects for the steel industry are quite positive, supported by strong demand. |
The revised data emerged slightly above our forecast. |
The rises in forecasts for steel makers' first-half profit were as expected and positive. As domestic demand will continue to be strong, there is room for further increases in profit. |
The share prices of JFE and Nippon Steel fell after they had risen until Monday, ... They will not drop so much with the positive forecasts. |
The share prices of JFE and Nippon Steel fell after they had risen until Monday. They will not drop so much with the positive forecasts. |
The U.S. economy, once a concern for investors, is now driving stocks higher. |
There was selling pressure today because of news [of tighter stock margin trading rules] and since today is the last day of delivery [of money for sold shares], and the market responded outright. |
We cannot see any upper limit for commodity prices given the tight supply. There is still room for commodity stocks to gain. |
While taking profits on some issues, retail investors continued to look for bargains among domestic economy-sensitive issues as they remain optimistic about the market's outlook. |
Yet, whether doing this will change investors' appetite will depend on what kind of steps will actually be taken by the group, and whether and how the earnings will be raised. |