Nikkei rebound 6% – trend prediction remains Bearish

Nikkei 225 opened higher today, even within 30 minutes, the Nikkei stock managed to rebound to more than 6%. After had suffered the worst decline since 1987 two days in a row due to earthquake and tsunami that occurred there. Now the Nikkei climbed back to levels 9150.50, after yesterday’s Nikkei closed at 8605.15, due to fear of nuclear radiation effects. Despite, this positive trend will not last long; just fill the gap due to the decline yesterday.

Nikkei 225 rose in early session, but the predicted trend remains Bearish

While some analysts argue that the rebound is triggered by the attitude of the market players who are covering the possibility of changes in value in the short term, and the purchase of portfolio managers. “The rebound is pretty strong as investors have unrealized May They panicked a bit too much yesterday,” said Fujio Ando, senior managing director at Chibagin Asset Management. “But it’s Mostly short-covering by both domestic and foreign players, and not honest, active buying, because nuclear worries are still strong,” Ando said.

Meanwhile, an earthquake and tsunami that occurred, Tokyo Electric Power Company (TEPCO) suffered the greatest losses, totaled $ 18 billion. This is due to their stock price falling to 24% due to the fears of shareholders on related issue of nuclear radiation. In fact, according to an investment manager, TEPCO will not be able to get benefits for up to 10 years in the future.

Latest US Market Japan earthquake Discussion

Tom Lydon submits Exchange traded funds ETFs extended gains in afternoon trading Friday helped by a bounce in shares of energy and material companies that could experience increased demand.

As Japanese companies scrambled Friday to assess the impact of the earthquake on their businesses The Japanese central bank said it would do its utmost to ensure financial market stability. Inappropriate Alert us. firms account for roughly 60 of all imported medical devices products in Japan.

The US stock market it appears wont dodge the Japanese earthquake. West Coast are already amongst the highest in the country and will be impacted by the March 11th earthquake in Japan. All that remained was to pull them off the shelf dust them off and see how much still applied today. Up until Tuesday US investors had mostly shrugged off the horrific events in Asia.

The roughly 25 billion Japanese medical devices sector has been an extremely successful market for American medical devices firms. However global auto sales may not drop right away until Marchend or April. American energy corporations should sell modern technically derived NPPs that could withstand a nine earthquake to Tokyo. And now it seems no stock is safe. being its largest market.

Why Japans Earthquake Will Slaughter Many U. Predictably stocks in Japan. Treasury Department said Sunday it is monitoring financial markets closely in the wake of the devastating earthquake that struck Japan last week but had assurances that transactions systems were working. Heres why PR11376479. Japans nuclear power industry will survive. Wall Street has always known that a big one would hit Japan someday and the various scenarios and market impacts were thought out a long time ago.

Short URL: http://www.usnews9.com/?p=6268

Posted by on Mar 16 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
Tags: , , , , , , ,

You must be logged in to post a comment Login

Recently Commented

  • James Mitchell: Oakland raid is latest in Occupy camp crackdowns
  • Peter Occupy Austin: RT steveweinstein: Thousands of Riot Cops Descend on Occupy Oakland, 32 Arrested, But No...
  • Justin Bieber: Griffin iTrip FM Transmitter for iPod and iPhone: Black Friday Griffin iTrip FM Transmitter for iPod...
  • Austin Kinney: RT cavewallshadows: