Japanese stocks fell, after the Topix
index posted a 7 percent two-day rally, as the yen rebounded. SoftBank
Corp. slumped after forecasting lower profit.
 The Topix slid 0.2 percent to 1,365.52
as of 9:05 a.m. in Tokyo after reaching its highest close since June
2008 yesterday. The Nikkei 225 Stock Average slipped 0.3 percent to
16,809.27, while SoftBank tumbled 3.8 percent. Japanese shares soared in
the past two trading sessions after the Bank of Japan expanded stimulus
and the Government Pension Investment Fund said it will buy more
shares.
The BOJ said on Oct. 31 it raised its
target for annual purchases of Japanese government bonds to 80 trillion
yen ($706 billion), while tripling buying of real estate investment
trusts. On the same day, the pension fund set allocation targets of 25
percent each for Japanese and overseas equities, up from 12 percent
each. GPIF will cut domestic bonds to 35 percent of assets from 60
percent.
Source : Bloomberg
|
0 komentar :
Post a Comment