The Japanese stock market on the 6th, which received a historic decline on the 5th, had a sharp rebound of 10.23% in the Nikkei Average and 9.30% in TOPIX.The Nikkei Average completely reversed from the biggest drop ever (4451.28 yen) the day before, and the biggest increase ever (3217.04 yen)It became. In addition to the reaction of the decline on the 5th, the fact that the exchange rate reversed depreciation of the yen and that concerns about economic deceleration eased due to the fact that the US ISM non-manufacturing business index for July became 51.4, which exceeded market expectations, also supported.
Investors also see it as a “bargain sale”
Regarding volatile movements in Japanese stocks, traders at domestic management companies”Long-term investors from overseas saw it as a bargain sale and moved to buyThere is a possibility” (Nihon Keizai Shimbun dated 6th). Also, on the 6th, Bloomberg said Resona Asset Management's Shimoide Chief Strategist “I think the exchange rate has settled down and there is a buyback in Japanese stocks.If there is no change in performance, it is clear that Japanese stocks are undervaluedThe comment “Yes” was introduced, and it seems that there are not a few investors who regard it as a “perfect place to buy.”
Unsteady movement for a while?
Meanwhile, the Shodide Chief Strategy mentioned above...