A fall in U.S. stocks will likely pour cold water on Japanese shares. |
After going through volatility in recent trade, not many investors would like to hold their positions through the three-day weekend. And when they square positions, most of them are short following Tokyo's recent downtrend, |
After going through volatility in recent trade, not many investors would like to hold their positions through the three-day weekend. And when they square positions, most of them are short following Tokyo's recent downtrend. |
Concerns that direction could be a firming of the yen has investors a bit wary of holding export-oriented shares. |
Domestic institutions were looking for reasons to unwind a good slice of their long positions in the tech sector. The yen and the Nasdaq gave them two very good ones. |
Early morning trade looks weak on Wall Street's falls, but we will soon reach a point today where it won't make sense to sell techs lower, |
Early morning trade looks weak on Wall Street's falls, but we will soon reach a point today where it won't make sense to sell techs lower. |
Foreign investors probably have a full stomach after they swallowed a whole range of Japanese stocks. |
Foreign selling seems to be behind sharp losses in some stocks like Matsushita. It's no secret they want to lock in profits in Japanese shares after being severely hurt in steep falls in U.S. shares. |
Gains for U.S. stocks should give us a solid floor today, but we'll see sparse participation from institutional investors wishing to evaluate the outlook for the tech sector, |
High-tech gains are sort of a given. But if bank shares continue to struggle after Monday's dismal losses, that could put a damper on the broader market. |
If Japan were hit with fresh cases of suspicious mail, that would put an additional burden on the market. |
In hindsight, yesterday's sell-off was a bit overdone. |
Investors are betting some sort of policy response (to tackle deflation and banks' bad loans) will emerge as early as today or as late as tomorrow, |
It was clear that the downside was solid because falls were relatively limited despite the jump of more than 200 points yesterday. |