Brutal Selloff Skims Froth From Japan’s $6 Trillion Stock Market

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 51 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

Bloomberg أخبار

Bank Of Japan,Tokyo Stock Exchange,Commons Asset Management Inc.

(Bloomberg) -- Japanese equities shed $1.1 trillion in value as they kicked off August with a record three-day loss. For bullish investors, that’s providing ...

-- Japanese equities shed $1.1 trillion in value as they kicked off August with a record three-day loss. For bullish investors, that’s providing a fresh reason to buy what has been one of 2024’s hottest trades.NYC Subway Riders See ‘Exceptionally High’ Air Pollution

The benchmark Topix is down 12% since the end of June. Stocks that had outperformed earlier in the year have suffered more. An MSCI Inc. gauge of the nation’s semiconductor-related stocks — whose AI-fueled surge was a key driver of this year’s rally — has fallen 25% in that span. A measure of banks, which had surged on anticipation of higher rates, is down 16%.“I wouldn’t call it a bubble but the market just got carried away,” said Toru Yamamoto, chief strategist at Daiwa Asset Management Co.

“People felt the market was rising a bit too much last month” but with the selloff it “came back to where it should be,” said Masayuki Murata, general manager of balanced portfolio investment at Sumitomo Life Insurance Co. At current valuations, “you could say we are at bargain-hunting levels.” The Nikkei Volatility Index, Japan’s version of the “fear gauge” closed at 45 Friday. While that’s down from the intraday spike of 85 on Monday, it’s still well above the long-term average around 22.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 47. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Premarket: Stocks rebound after brutal selloff as traders await U.S, price dataMarkets stabilize after a week in which global equities have tumbled almost 2 per cent
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

Markets today: Stocks extend losses as worries go beyond AI frothA wave of earnings misses and worries about U.S. economic growth are driving losses across global markets, adding extra fuel to a selloff that was first sparked by traders pulling out of megacap tech.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Emerging-market stocks have longest selloff in year on tech routEmerging-market stocks headed for the longest streak of losses in almost a year as rising fears of a trade war between the U.S. and China hit Asian tech companies.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Tech selloff weighs on S&P, United earnings on deck: Yahoo FinanceThe Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) indexes are trading lower as mega-cap technology stocks continue to face selling pressure amid ongoing...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »