Toshihiko Matsuno
![Toshihiko Matsuno](/assets/img/authors/unknown.jpg)
Toshihiko Matsuno
gain range street wall within
The Wall Street tumble was pretty much within the range of our expectations. But Tokyo's gain could be just a one-time phenomenon,
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The numbers weren't that big a surprise. It's just that investors are very cautious about high-techs at the moment and sensitive to anything that sounds negative,
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Banks are also trying to test their credibility in the market after having not issued bonds or equities for a long while.
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After share prices surged two trading days in a row, market participants chose to lock-in profits.
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There are some concerns that stock prices may be too high, and that seems to be weighing on the market.
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The extent of the U.S. economic damage caused by Katrina is so unclear, and that could weigh on stocks there.