The yen's rise and uncertainty over possible (dollar-supporting) intervention made players take a wait-and-see stance.
Investors aren't waiting for anything specific, but they do expect leaders to talk more about breaking down barriers. Also, the word IT will be in headlines for a while and that's a supporting factor in itself.
If the United States raises rates broadly, such as past the 5 percent mark, then we would certainly see some damage in Japan, but with the way things are right now, I don't think it is much of a worry.
The market looks likely to pause today rather than extending the past pace of its rally.
The market is under pressure from three E's -- energy, euro and earnings. With third-quarter results about to come out in the U.S., investors are not so eager to take positions now.
The market is under pressure from three E's -- energy, euro and earnings, ... With third-quarter results about to come out in the U.S., investors are not so eager to take positions now.
Stocks were hit by a double-shock of New York plunge and the Nikkei reshuffle. The New York tumble was already factored in, but the reshuffle will continue to hurt the market for the rest of the week.
Sentiment's quite neutral now after the initial selling, and investors are now taking a wait-and-see stance ahead of economic indicators,
It is hard to tell how far share prices will sink at this point.
Cyclical shares are likely to gain on the data and the market has started to buy those that are particularly undervalued.
