When IT (information technology) issues and other large-cap issues are down, the Nikkei cannot help but suffer.
More Quotes from Kazunori Jinnai:
The U.S. Federal Reserve's move to cut by 50 basis points was within expectations, but U.S. investors drew some optimism from it and so should we.Kazunori Jinnai
When core stocks like NTT perform strongly, it really lifts the sprit of the entire market.
Kazunori Jinnai
The GDP data's initial impact was neutral.
Kazunori Jinnai
The Nasdaq gains gave a gentle nudge higher to a market that was ready for a rebound after last week's losing spell.
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A positive outlook on the economy is boosting cyclical stocks today, and sectors like real estate are being bought.
Kazunori Jinnai
What we have been seeing today and yesterday is a rather normal correction after the nearly vertical rise in high-tech shares in recent sessions. Investors will be taking refuge in other sectors until high-tech stocks find a floor.
Kazunori Jinnai
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