The slide in U.S. stocks looks non-stop. This is not a good sign for Tokyo, especially for high-tech exporters.
More Quotes from Yutaka Miura:
There's increasing concern about earnings at tech companies, which haven't really shown any signs of a recovery.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
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
Prolonged confusion in the U.S. presidential election and the growing possibility of a political crisis here mean investors are generally holding back.
Yutaka Miura
Investors sell futures contracts speculating about a further fall in the cash market in the afternoon, so by the time the cash market opens, investors turn bearish -- it's a vicious cycle.
Yutaka Miura
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