Because of the uncertainties over exchange rates, investors were hesitant to chase export-oriented shares, and instead, went for domestic-demand-oriented shares.
More Quotes from Hideo Mizutani:
It's a tug-of-war between investors choosing to pocket gains after the Nikkei surged to its highest level since August 2000 yesterday and those chasing bargains on optimism about a steady economic recovery.Hideo Mizutani
The market is dragged down by profit-taking, with shares that made gains recently under selling pressure.
Hideo Mizutani
Overseas investors appear to be on hold on concerns about further US interest rate hikes.
Hideo Mizutani
Uncertainties over how Toshiba will run the nuclear power business and its financing scheme for the acquisition prompted investors to sell.
Hideo Mizutani
The yen did not strengthen in light of the end of the ultra-loose monetary policy which provided comfort to market players.
Hideo Mizutani
Industrial output data, which showed a rise for the fifth straight month, suggested that the economy is on the recovery track, even though the number fell short of the market consensus.
Hideo Mizutani
Readers Who Like This Quotation Also Like:
Based on Topics: Uncertainty QuotesI think one of the great moments of my life was when I could write musician on my passport.
Jon Anderson
In earlier religions the spirit of the time was expressed through the individual and confirmed by miracles. In modern religions the spirit is expressed through the many and confirmed by reason.
Heinrich Heine
Short words are best and the old words when short are best of all.
Winston Churchill