It looks like the market's nearing a crossroads over whether to worry about the yen's rise. |
Many had bought high-techs on the back of a weaker yen. But a scenario of the yen's free fall doesn't seem realistic, |
Many had bought high-techs on the back of a weaker yen. But a scenario of the yen's free fall doesn't seem realistic. |
TDK and Cisco didn't exactly deliver a blow to the market through negative surprises. But they didn't give any clues as to when the high-tech recovery will happen, |
TDK and Cisco didn't exactly deliver a blow to the market through negative surprises. But they didn't give any clues as to when the high-tech recovery will happen. |
The rebound came in due course after the negative factors surrounding Japan's financial system had been factored into share prices, |
The rebound came in due course after the negative factors surrounding Japan's financial system had been factored into share prices. |
There's talk of continued pension fund buying at the onset of the second-half and the yen's move south should provide support, |
There's talk of continued pension fund buying at the onset of the second-half and the yen's move south should provide support. |
There's uncertainty in the market and investors are looking to large-cap shares for relative safety. |
Trade was directionless pre-book-closing, though, and concerns about U.S. retaliation and its economy kept buying in check, |
Trade was directionless pre-book-closing, though, and concerns about U.S. retaliation and its economy kept buying in check. |
U.S. stocks have settled down, but data on the economy is getting worse. Investors are increasingly worried the U.S. economy will fall off a cliff and pull Japan over with it. |
Yesterday's sharp fall in bank shares is overshadowing sentiment, |
Yesterday's sharp fall in bank shares is overshadowing sentiment. |