Prolonged confusion in the U.S. presidential election and the growing possibility of a political crisis here mean investors are generally holding back.
More Quotes from Yutaka Miura:
The jump in oil raises questions about the outlook for U.S. inflation and rates. That's negative for shares, especially for companies that rely on external demand.Yutaka Miura
There's greater concern now about further U.S. interest rate increases and that will dampen the overall Japanese market. Natural resources-related shares may rise, but hi-tech and autos may fall on concern about reduced overseas demand.
Yutaka Miura
Basically, I think the desire to wait and see is very strong right now. That being said, U.S. stocks, especially the Nasdaq index, were weaker ... so the market is likely to move lower.
Yutaka Miura
The Fed's interest-rate increase concerns are receding on the back of evidence growth is slowing. Investors are taking that as a positive for stocks and that's serving as an incentive to buy right now.
Yutaka Miura
Investors are focusing on shares of companies that will benefit from Japan's economic recovery.
Yutaka Miura
The LDP victory came as a market booster, or at least neutral for the market. But the topside was capped by losses on Wall Street.
Yutaka Miura
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