News Formal

JPMorgan shares outlook for Japanese stocks after Monday selloff

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

JPMorgan shares outlook for Japanese stocks after Monday selloff

Japanese stocks saw a significant rebound on August 6, recovering 9% after a sharp selloff the previous day, which was worse than Black Monday, JPMorgan analysts highlighted in their note Wednesday.

Despite this rebound, JPMorgan says the market remains volatile following a sharp drop in early August that wiped out all year-to-date gains. The significant sell-off, prospects for the end of deflation, progress on corporate reforms, and positive wage growth are said to underpin these support levels."Even if a recession develops, we do not expect Japanese stocks, which have already sold off more than US stocks, to be under much downward pressure," JPMorgan stated.

For investment, JPMorgan focuses on sectors resilient to JPY appreciation, with a domestic focus, defensiveness, and strong shareholder returns. They remain Overweight on industrial electronics, IT services, financials, and consumer-related sectors. Key investment themes for post-volatility include cutting-edge technology, digital transformation, renewable energy, aerospace and defense, and friendshoring.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 450. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Japanese stock market sees biggest drop since 1987's Black Monday amid US recession fearsJapanese stock market sees biggest rout since 1987 Black Monday amid global selloff
Källa: nypost - 🏆 91. / 67 Läs mer »

Kamala Crash: Japanese Stocks Lose More Points than on ‘Black Monday’ in 1987Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Källa: BreitbartNews - 🏆 610. / 51 Läs mer »

Japanese stocks plunge in largest rout since 1987's Black MondayJapanese stocks on Monday experienced their largest single-day drop since the 1987 Black Monday crash, driven by global market declines and economic concerns.
Källa: FoxBusiness - 🏆 458. / 53 Läs mer »