Month / October 2018
-
This week we focus on our long/short picks
With TOPIX following other global stock market indices down and gapping below its Y1650 support and the bottom of its trading range all year, it is now approaching that crucial 100 week moving average support line which was it only tested once since…
October 28, 2018 -
Dark clouds forming on the earnings front as weaker end-demand look likely
Despite continued market jitters, Topix has managed to hold above its key support line of 1680 level which it had previously tested a few times this year. With Y$ rate leading the Japanese market, its recent…
October 21, 2018 -
We expect weak Japan corporate earnings, especially from China-exposed names
With most eyes glued to the ailing US stock market, this week we will look more at our own market in Japan and most recent indications which keep us cautious about earnings outlook. Although the yen has…
October 14, 2018 -
Surging treasury bond yields and deteriorating China/US relationship makes us cautious
Although the weaker yen has boosted hopes of better prospects for Japanese corporate earnings, externally there are darker clouds gathering on the horizon that makes us cautious again about the market’s immediate outlook. There seems to be…
October 7, 2018