Share prices rose as technology shares here benefited from gains in the Nasdaq index.
Toshihiko Matsuno
There's a bit of a 'wait-and-see' mood in the market right now. Investors are waiting to hear more about interest rates and the government stance on IT growth.
growth government market waiting interest mood hear
The market's relieved that the Fed rate hike is over with no negative surprises. Then again, there were no positive surprises either.
negative positive surprises
The market's interest in millennium-related stocks is also supporting such shares. Other sectors aren't looking that exciting at the moment.
moment interest exciting
There are serious worries consumer sentiment would deteriorate if possible U.S. Military action lasts a long time
action time worries military sentiment
The market's been hoping the Fed will announce a shift toward a neutral bias (towards future interest-rate changes), which could help the U.S. Market recover.
future market bias
The extent of the U.S. Economic damage caused by Katrina is so unclear, and that could weigh on stocks there.
damage
The Wall Street tumble was pretty much within the range of our expectations. But Tokyo's gain could be just a one-time phenomenon
gain expectations wall pretty
technology share rose
This is typical market behavior right before official book-closings,.. We're seeing institutional investors selling cross-held shares and taking profits, while some are staying on the sidelines.
market behavior selling
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
numbers moment surprise negative sounds big sensitive
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