According to an equity strategist at Citigroup Global Markets Japan, Japanese stocks are poised to enter a bear market.
“The Nikkei 225 Stock Average may eventually drop to 24,000 and the Topix may fall to 1,600 -- about 14% and 17% below current levels, respectively.”
Now that the market’s hopes for a dovish bias to Fed policy have been dashed, there may be an “intensifying adjustment for Japanese equities in the near future.”
“We think visibility on the scenario we had been outlining, namely that Japanese equities would peak moving forward, has risen.”
“We sense that a bear market for Japanese equities over the immediate future is all but unavoidable and foresee investors shifting from growth to value and from cyclicals to defensives.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.