This is typical market behavior right before official book-closings, ... We're seeing institutional investors selling cross-held shares and taking profits, while some are staying on the sidelines.
More Quotes from Toshihiko Matsuno:
There are serious worries consumer sentiment would deteriorate if possible U. S. military action lasts a long time,Toshihiko Matsuno
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.
Toshihiko Matsuno
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.
Toshihiko Matsuno
There's a bit of a 'wait-and-see' mood in the market right now. Investors are waiting to hear more about interest rates and the government stance on IT growth.
Toshihiko Matsuno
The Wall Street tumble was pretty much within the range of our expectations. But Tokyo's gain could be just a one-time phenomenon,
Toshihiko Matsuno
The market's interest in millennium-related stocks is also supporting such shares . Other sectors aren't looking that exciting at the moment.
Toshihiko Matsuno
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