Fundamentals are not really a worry. However, foreign investors are selling. If they start selling, other investors have a hard time buying aggressively.
More Quotes from Toshihiko Matsuno:
The market's been hoping the Fed will announce a shift toward a neutral bias (towards future interest-rate changes), which could help the U.S. market recover.Toshihiko Matsuno
The market's power is limited right now and I think it's safe to assume that tomorrow's CPI data is the reason for that.
Toshihiko Matsuno
Market sentiment was dampened by overseas investors who were net sellers in pre-opening orders today for the fifth trading day in row, on fears that possible increases in interest rates in the US and Japan could raise their funding costs for investing in equities here.
Toshihiko Matsuno
Share prices fell in knee-jerk reaction to a retreat on Wall Street overnight. Investors also took a breather after the benchmark Nikkei index added more than 200 points yesterday.
Toshihiko Matsuno
Share prices rose as technology shares here benefited from gains in the Nasdaq index.
Toshihiko Matsuno
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