It's simply that there was too much of a gain in too short a period of time. Investors are looking for any pointers to get out of the market for now.
The merger will have a big impact on retailers. This will likely trigger consolidation within the industry, helping to drive profitability at retailers higher.
But the market is leaning more and more toward the idea that Murata's figures are probably a little too conservative.
Without decisive policy action by the government, the 11,000 will be just a passing point.
We're seeing some investors testing the tech waters, but the urge to sell after slight rises is extremely strong. This trend is unlikely to change soon given uncertainty over the high-tech profit outlook.
Domestic-demand related stocks will lead the market on speculation consumer prices may finally gain.
Watching big-name high-techs revise down multiple times is very discouraging.
The market has run up too far, too fast. But it's been showing resilience (to profit-taking). Selling has been mounting up on recent gainers such as banks and steels, but they seem to be holding up fairly well.
We're seeing massive buying in bank stocks on the back of economic optimism. What we need to see is this sort of targeted buying of lenders spreading to other industries. With that we will have further sustainable gains.
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