Tokyo Stock market gets rough, factors are overseas. Selling the Japan co., bought the yen. Hedge funds have spurred it.
2014年02月04日 07:50
This year followed by a weak Tokyo Stock market stand out is the roughness of the fluctuation in prices.
It's for Japan stock market spurred presence evoked, this currency and stock at the same time large sale to hedge fund is buying the yen rise of overseas economic slowdown risk and safety-minded investors intensified globally and is a relatively safe asset.
0/2013 4-12 Months period of listed companies earnings remained strong, but Japan stock price has been linked with overseas factors than the domestic economy.
Trading this year reached 10 days out of 20 working days to three days, stock average closing price in the previous 200 yen Super variation the number of days equivalent to 5% of the price swings are bigger.
This 7 day fall in stock prices. 1 Day 1/23 strengthened the emerging concern average per rate is 1.7%, 1.0% of the United States surpasses.
Chief of Rakuten securities Economic Research Institute Kubota Masayuki strategist said factors are 5/23 and 1,143 Yen plunged and like.
U.S. scale observations of quantitative easing in the wake fluctuated Japan shares until September last year.
World major stock dropped from view in the United States additional easing out this time and funds are running away from risk assets.
Overseas hedge funds to raise the profit in the short term and is primed to buy orders to the yen as a safe asset in risk avoidance aspects and Japan share sale at the same time.
The foreign investor Japan Stock Exchange earlier this year, 3 weeks in the selling spree. Sale period is about 430 billion yen, stock index futures and more than 1000000000000 yen.
Markets also expect to be 'buy personal, more stock is down was' （ Tamura of the Nomura Securities chief strategist ） and buy small investment tax exemption program (NISA) helped to stabilize the rate is.
It will be generally individual investors 'contrarian' trading where the stock goes down to buy with a strong trend.
Some worry about growing just drags on stock investment flat, also personal selling, increases the downward trend in stock prices.