The recent gains were just a bit too much, too fast.
More Quotes from Soichiro Monji:
The U.S. report on worker productivity and labor costs has made it quite difficult for investors to have a good idea of when the rate hikes will actually end. That's keeping a lid on the market.Soichiro Monji
The rate increases don't seem to be deterring U.S. investors. That boosted confidence to buy more Japanese shares.
Soichiro Monji
In the past, I think there had been low expectations for Kyocera's electronics parts business, so I think investors had gradually started to view it as one of the losers in the tech sector. In that sense, these earnings are a positive surprise.
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
As the earnings start we may see more buying come in based on the figures. Large companies with stable earnings outlook are attracting investor attention.
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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