So much for the morning rally. An S&P upgrade of Japan’s long-term credit rating one notch to “AA” from “AA-” resulted in buying of yen, and the rest is no surprise, selling of exporters and sustained weakness in domestic oriented and smaller-cap stocks. The Nikkei finished 2.75 points (0.02%) higher to 17,455.37 (range: 17,413.64 - […]
Nikkei Reverses in Afternoon Session, HOYA Disappoints
April 23rd, 2007 · No Comments
Tags: Market Summary
Midday Nikkei is Hot, N225 Futures up 230
April 23rd, 2007 · No Comments
Blue chip exporters are leading the rally. Thank the Dow — 13,000?! Domestic oriented stocks and most financial stocks are weak — one exception of strength is ORIX (JP: 8591) (IX). There’s a clear and present preference. We’re still seeing bullishness in Kyocera (JP: 6971) (KYO) and TDK (JP: 6762) (TDK), but surprised to see […]
Tags: Market Summary
