No one knows what the market will look like next year and a profit warning from Intel does not bode well.
Unless the US stock market enters a serious downtrend for some reason, the domestic stock market should continue its bull run going forward.
As consumers are clearly changing their spending attitude, the retail sector may continue to benefit.
The fact that Softbank drew active buying even after it entered ex-dividend shows strong interest for equity investment by retail investors.
It's hard to predict a support level with downward momentum so strong, but it could be as low as 16,000 for the mid-term. At this point, I'm not quite sure if a rebound on the Nasdaq could help Tokyo stocks recover.
We got a taste of good news after days of gloom and the market went with it.
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