Investors are concerned about credit risks again, and this is particularly bad news for financially troubled companies because investors used to think public funds would be there to help in the end.
—Tetsuya Ishijima
People are getting nervous about U.S. data. It is a lesson learnt from the New York market’s tumble following surprisingly strong price data.
Large-cap information technology shares found few buyers. That’s because they most reflect the nervousness in the New York markets.
A full-fledged recovery pretty much depends on the U.S. market. Japan’s high-tech shares rose on the back of their U.S. counterparts last year, so their vulnerability to losses on the Nasdaq is inevitable.
I see this as buying by speculative dealers, or short-term punters. It’s fallen to levels low enough for dealers to toy around with. But we’re keeping away from this one.
People who bet on the Dow’s rally unloaded what they had gotten.
The growth stocks will remain on an uptrend, but some people took to the sidelines ahead of the FOMC.
There is no such thing as Chiyoda shock because we’ve somewhat expected a rise in company failures as a result of Japanese banks’ bad-loan write-offs.
New York’s return to pre-attack levels on the one-month anniversary of the attacks yesterday was symbolic.
Selling Old Japan (stocks) to buy New Japan (stocks) is necessary for the economy to put forward ongoing structural reforms, and the change in the Nikkei will encourage this.
Companies are raising their earnings expectations and we’ve been hearing news that capital expenditure is on the rise as well.
The consensus is for no rate hike, but we still want to see whether (U.S. policymakers) say inflationary risks have receded or hint that rate hikes aren’t over for this year.
The core information technology issues are weighed down because selling by individual investors who bought on margin is waiting to come in on any rally.
I’m afraid the selling will continue until Nasdaq settles down, which may take another few weeks. There have been quite a few good earnings results from domestic firms, but their impact on market sentiment has...
The prospect of an aggressive U.S. interest rate hike has made high-tech stocks look like a safer haven.
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