Active Investing in Japan

Japan market summary for Monday (Nov. 5)
Nikkei 225 Stock Average: -248.56 (-1.5%) to 16,268.92
Nikkei 225 futures Osaka: -190 (1.15%) to 16,300, Singapore (SGX) -145 (-0.9%) to 16,320, Chicago (CME) *11/2 -30 (-0.2%) to 16,510
TOPIX: -25.04 (-1.6%) to 1,575.13; Advancers 270 x decliners 1,376 (unch. 76), New highs 10 x new lows 85
Nikkei Jasdaq: -8.61 (-0.5%) to 1,838.79
Yen: strengthened 0.3% against the US$ to the 114.40-45 level late in Tokyo; strengthened by a similar amount to the 165.45-50 level against the euro continue reading…

The dominant theme this week will of course be the U.S. subprime mess and any new details of how deep (re. financial institutions) and far (re. consumers and spending: autos, electronics, apparel, etc) its impact will be felt. Citigroup chief Charles Prince has now resigned. Merrill Lynch’s chief Stan O’neal is also gone. continue reading…