N225 December futures settled at their daily high, +1,000 at 9,000, in Chicago. In Singapore, futures opened Tuesday +1,275 at 9,330. No question Tokyo equities and futures trading in Osaka will mirror global gains Monday after Tokyo was closed for a national holiday. Problem here and elsewhere is not just the threat of quick profit-taking, but also the unchanged reality of a slowing global economy. No doubt there is massive under-valuation of equities in Japan, but at the same time, aside from overseas AIMs and SWFs, this is a market that requires an equally massive amount of patience.
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