The economy and corporate earnings, in the long term, remain firm, which will benefit shares. That's helping shares rebound from yesterday's losses.
More Quotes from Soichiro Monji:
The outlook for technology companies is getting better, as inventories remain low and declines in product prices slow. Gains in U.S. technology stocks are reassuring investors as well.Soichiro Monji
Cheaper crude prices eased investors' concern about corporate earnings. A drop in the yen helped lift exporters' shares.
Soichiro Monji
Last year's surge was just too much. After the restriction news, it became easier for some investors to shift their money to technology stocks from property shares.
Soichiro Monji
If you take a step back and think about it, it's too big a debt burden for Softbank, and there's no doubt that Softbank will use price discounts, which won't benefit their bottom line. It's definitely a sell at the moment.
Soichiro Monji
Tokyo Electron's earnings revision gave the opportunity for investors who were waiting to buy technology shares. Investors are turning positive toward technology companies.
Soichiro Monji
Rising commodity prices are now becoming a concern, adding to speculation that U.S. rates will continue to rise. Yesterday's gain may also prompt some profit taking.
Soichiro Monji
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