28 ordspråk av Toshihiko Matsuno
Toshihiko Matsuno
A retreat in the value of yen against the dollar lifted automakers, which helped support the main indices.
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A softer New York market also helped accelerate the move.
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After share prices surged two trading days in a row, market participants chose to lock-in profits.
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Banks are also trying to test their credibility in the market after having not issued bonds or equities for a long while.
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Fundamentals are not really a worry. However, foreign investors are selling. If they start selling, other investors have a hard time buying aggressively.
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If (the headline CPI) comes in above forecasts, I think there may be a little selling of stocks.
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In addition, the market has risen steadily as of late, so I think investors were hoping to see a correction at some point. In a sense, the jobs data became an excuse for the correction.
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Market sentiment was dampened by overseas investors who were net sellers in pre-opening orders today for the fifth trading day in row, on fears that possible increases in interest rates in the US and Japan could raise their funding costs for investing in equities here.
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Most major firms have already reported their earnings, so market players are starting to shift their focus to macro indicators from micro ones.
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Retail investors here as well as some European investors appeared to buy banks actively.
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Right now it seems to be the tech stocks that are doing well.... Their share prices aren't overpriced now. It's not really a novel theme, but investors seem to be putting money into stocks that have taken a bit of a breather.
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Share prices fell in knee-jerk reaction to a retreat on Wall Street overnight. Investors also took a breather after the benchmark Nikkei index added more than 200 points yesterday.
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Share prices rose as technology shares here benefited from gains in the Nasdaq index.
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Steel makers have attractive dividend yields and investors have to own the stock by the end of March in order to be able to collect the dividend.
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The (U.S.) jobs data is weighing on the market.
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