* Nikkei 225 Stock Average: +28.62 (+0.2%) to 18,240.30, highest close since May 2, 2000, eclipsing ytd high set 2/26; 6-day rally longest since Dec. 11-18, 2006
* Nikkei 225 futures Osaka: +20 (+0.1%) to 18,260
* TOPIX: +5.66 (+0.3%) to 1,789.38; Advancers 954 x decliners 634 (unchanged 144); New highs 75 x new lows 23; 20/33 sectors posted gains
* Jasdaq: +0.14 (+0.2%) to 82.86
* Nintendo (JP: 7974) (NTDOY.PK) reaches Y45,000 intra-day, a new all-time high, but closes down 0.5% to Y44,300. Its market cap exceeds Matsushita’s (JP: 6752) (MC) and is rapidly approaching Sony’s (JP: 6758) (SNE), in spite of its being sales 1/8 of its CE rivals. Sony investors seem unimpressed w/ CEO Stringer’s remarks at its annual meeting. String says the company is shifting to growth/profitability; has learned from mistakes.
* Mitsui & Co. (JP: 8031) (MITSY) climbed 3% to Y2,585 renewing its highs.
Browsing Posts published on June 21, 2007
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Mixed News for Banks
(COTs Timer, 8/8/10)
The Straight Scoop
(Financial Armageddon, 8/17/10)
A recent Economist article, “Give peace a rating” (June 2, 2007), discussed the use of indices measuring “peace” to rank countries. The Economist’s sister co. Economist Intelligence Unit has one, found in the accompanying image (see below) from the article. Japan ranks 5th-highest in the EIU’s index. This is obviously a positive factor in terms of FDI and channeling investment funds to equities and making corporate investments. However, one problem Japan has in particular, is political/legal uncertainty — which at least partially explains the comparatively low levels of FDI and slow pace of outside M&A.
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The Japanese Stock Market: How to Play “The Land of Rising Stocks”
(Investment U, 6/28/10)
WHAT THE JAPANESE CAN TEACH US ABOUT INVESTING?
(THE PRAGMATIC CAPITALIST, 7/14/10)
