Investors are focusing on shares of companies that will benefit from Japan's economic recovery.
More Quotes from Yutaka Miura:
The slide in U.S. stocks looks non-stop. This is not a good sign for Tokyo, especially for high-tech exporters.Yutaka Miura
Both the Nikkei and the TOPIX index are near their 25-day moving averages and as they approach these technical points, that makes it easy for people to sell.
Yutaka Miura
The market had already factored in good numbers from the GDP data and there are few incentives to trade on now.
Yutaka Miura
There's increasing concern about earnings at tech companies, which haven't really shown any signs of a recovery.
Yutaka Miura
Investors may take a wait-and-see stance until the Bank of Japan comes out with its policy statement.
Yutaka Miura
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