Its recovery has breathed life into all the Internet stocks.
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With this accounting treatment, aimed at disposing bad debt, we are now bracing for a turnaround.Hiroshi Sato
Investors are avoiding large-cap technology shares before Friday's SQ and GDP. Instead, they are picking up individual stocks that offer a special interest, such as biotech stocks.
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It appears the battle will start tomorrow and investors are understandably taking a nervous stance. Investors are lightening up on long positions just as they did yesterday afternoon.
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The actual operating loss narrowed by 6 billion yen because of a sales gain, signaling an improvement in operating conditions.
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The market's taking a bit of a rest . . . after recording new highs for the year in the past few sessions. The Nikkei is also finding it hard to sustain gains given the lack of buying in the broader market.
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