It's a weak market like this, it's easy to take negative news to sell, such as with the banks today.
More Quotes from Koji Uchida:
The news on U.S. Steel has prompted some buying of steelmakers. You cannot completely rule out the possibility of takeovers of Japanese companies.Koji Uchida
We're wary of chip-equipment stocks because we have been looking for a drop-off in demand for some time now.
Koji Uchida
It's really difficult to buy technology shares without any real signs of a turnaround in prices, which everyone has been expecting for some time now.
Koji Uchida
Investors are reassured zero interest rates will continue for some time, and given Japan's strengthening economic growth, companies stand to profit.
Koji Uchida
Strong demand for digital consumer electronics such as flat panels and mobile phones is helping to make people optimistic about technology stocks.
Koji Uchida
Earnings expectations have been a bit high and, given the disappointments in the U.S., those expectations have been toned down. That's going to help keep the market weak.
Koji Uchida
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