Sail GP Halifax: The Extreme Race Experience | SaltWire #racing #sailing #catamaranHONG KONG - Japan's top-performing stocks are at risk of a sell-off because of overcrowded long positions in liquid and large companies, strategists from U.S. banks Morgan Stanley and JP Morgan say.
Japanese stocks have hit record highs this month, surpassing a previous peak in 1989, as investors bet on better growth and corporate governance. The year-long rally has continued even after the Bank of Japan exited a decades-long negative rates policy. "We do not see much scope for additional expansion of long positions by CTAs because they have already reached a high level," they said.
"Japanese momentum stocks, in particular those in semiconductors, automobiles and financials, might face a short term headwind in April," Morgan Stanley Asian quantitative analysts said in a note dated March 25.
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Stock market today: Asian shares rise after Wall Street rallies to recordsTOKYO (AP) — Asian benchmarks were mostly higher on Thursday after U.S. stocks rallied to records following the Federal Reserve’s i ndication that it expects...
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