Sony's results led the market today. The surprisingly upbeat numbers gave the market its strong upward impetus, raising hopes for better-than-expected results from other companies.
More Quotes from Norihiro Fujito:
We've seen a change in the trend of foreigners' investment stance on Japanese shares. It looks like a change in country allocation.Norihiro Fujito
They have actively poured their money into blue-chip companies here such as Honda, Toyota, Matsushita Electric and Canon.
Norihiro Fujito
The yen's pullback against the dollar appeared to prompt some investors to chase bargains in the high-technology sector. This helped lift the tech-heavy Nikkei index.
Norihiro Fujito
It's not just the weakness in U.S. stocks this time. The dollar is falling (against major currencies) at the same time, and money is flowing out of the U.S..
Norihiro Fujito
I think we're in for another week of low volumes and directionless trade. Investors will continue to act cautiously until specifics of the package become clear,
Norihiro Fujito
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