The yen carry trade is once again a hot topic in financial news, as the U.S. subprime induced liquidity crunch has rapidly spread fear of a collapse in bond and credit markets across the globe. Similar to the market turmoil this past late-February and early-March, Japanese equities have taken the worst beating with the Nikkei [...]
Archive | August, 2007
Nikkei Tracks U.S. Stocks Rally, Recoups About Half of Wednesday’s Losses
Thursday 8/30 Tokyo trading recap: * Nikkei 225 Stock Average: +140.99 (+0.9%) to 16,153.82 * Nikkei 225 futures Osaka: +150 (+0.9%) to 16,200, Singapore (SGX) 16,190, Chicago (CME) 8/29 — 16,375 * TOPIX: +10.68 (+0.7%) to 1,568.23; Advancers 1,096 x decliners 491 (unch. 135), New highs 10 x new lows 65; 28/33 sectors posted gains [...]
Japanese Stocks Selloff on U.S. Market Weakness, Stronger Yen, Yada Yada Yada
Wednesday 8/29 Tokyo trading recap: * Nikkei 225 Stock Average: -274.66 (-1.7%) to 16,012.83, more than 400 point drop in morning session * Nikkei 225 futures Osaka: -220 (-1.35%) to 16,050, Singapore (SGX) 16,050, Chicago (CME) 8/28 — 15,950 * TOPIX: -27.05 (-1.7%) to 1,557.55; Advancers 166 x decliners 1,490 (unch. 66), New highs 6 [...]
Nikkei, TOPIX Edge Lower as Yen Restrengthens Against US$ on Renewed Credit Concerns
Tuesday 8/28 Tokyo trading recap: * Nikkei 225 Stock Average: -13.90 (-0.1%) to 16,287.49 * Nikkei 225 futures Osaka: -40 (-0.25%) to 16,270, Singapore (SGX) 16,305, Chicago (CME) 8/27 — 16,300 * TOPIX: -3.16 (-0.2%) to 1,584.60; Advancers 654 x decliners 941 (unch. 127), New highs 3 x new lows 63; 13/33 sectors posted gains [...]
Morning Session Bullishness Eases in Afternoon on Profit-Taking in Light Trading, Nikkei +0.3%, TOPIX +0.1%
Market recap for Monday 8/27 * Nikkei 225 Stock Average: +52.42 (+0.3%) to 16,301.39, climbed above 16,500 in A.M. session; lightest trading day since January 4 * Nikkei 225 futures Osaka: +70 (+0.4%) to 16,310, Singapore (SGX) 16,315, Chicago (CME) 8/24 — 16,495 * TOPIX: +1.91 (+0.1%) to 1,587.76; Advancers 924 x decliners 674 (unch. [...]
Profit Taking Sends Nikkei 225, TOPIX Lower by 0.4%
Market recap for Friday 8/24 * Nikkei 225 Stock Average: -67.35 (-0.4%) to 16,248.97 * Nikkei 225 futures Osaka: -120 (-0.7%) to 16,240, Singapore (SGX) 16,200, Chicago (CME) 16,495 * TOPIX: -5.96 (-0.4%) to 1,585.85; Advancers 673 x decliners 919 (unch. 134), New highs 4 x new lows 28; 27/33 sectors declined * Jasdaq: +9.04 [...]
Nikkei Jumps 2.6%, TOPIX +3.0% on U.S. Rally, Weaker Yen, BoJ Hold ????????
Thursday 8/23 recap: * Nikkei 225 Stock Average: +415.68 (+2.6%) to 16,316.32 * Nikkei 225 futures Osaka: +450 (+2.8%) to 16,360, Singapore (SGX) 16,415, Chicago 8/22 — 16,155 * TOPIX: +46.92 (+3.0%) to 1,591.81; Advancers 1,514 x decliners 158 (unch. 54), New highs 4 x new lows 25; 32/33 sectors posted gains * Jasdaq: +19.40 [...]
Nikkei Unchanged, TOPIX Dips 0.3%
* Nikkei 225 Stock Average: -0.70 (-0.0%) to 15,900.64 * Nikkei 225 futures Osaka: +40 (+0.25%) to 15,910, Singapore (SGX) 15,895, Chicago (CME) 8/21 — 15,830 * TOPIX: -4.99 (-0.3%) to 1,544.89; Advancers 679 x decliners 940 (unch. 107), New highs 2 x new lows 77; 11/33 sectors posted gains * Jasdaq: -11.05 (-0.6%) to [...]
Nikkei Climbs Higher in Broad Rally, But Can’t Hold 16,000; Faces Tough Recovery to 18,000
* Nikkei 225 Stock Average: +168.86 (+1.1%) to 15,901.34, intra-day high of 16,101.64 * Nikkei 225 futures Osaka: +140 (+0.9%) to 15,870, Singapore (SGX) 15,865, Chicago (CME) 8/20 — 15,805 * TOPIX: +26.31 (+1.7%) to 1,549.88; Advancers 1,369 x decliners 288 (unch. 66), New highs 2 x new lows 142; all 33 sectors posted gains [...]
Warren Buffett Sellouts Emerge as Berkshire Hathaway Hits New All-Time High
The latest Forbes magazine (Sept. 3, 2007, or read online at: “So Long, Warren“) discusses something very interesting: several solid mutual funds, which have been longtime devotees of Warren Buffett, are selling shares, with one fund liquidating its entire position. Sequoia Fund (SEQUX) sold $650m since the beg. of 2005, lowering its BRK.A weighting to [...]
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