Sentiment's quite neutral now after the initial selling, and investors are now taking a wait-and-see stance ahead of economic indicators,
Here, investors are looking ahead to the BOJ meeting and at the end of the week we'll be awaiting U.S. jobs data. With these factors ahead, I don't think stocks will be able to move much at all today.
Local market sentiment was also buoyed by overseas investors, who had placed large net buy orders ahead of the market opening today. This helped prompt retail investors here to step up purchases.
The rise in the afternoon was due to domestic investors ... they haven't been buying lately and they took their cue from foreign investors.
Investors aren't waiting for anything specific, but they do expect leaders to talk more about breaking down barriers. Also, the word IT will be in headlines for a while and that's a supporting factor in itself.
The market is under pressure from three E's -- energy, euro and earnings. With third-quarter results about to come out in the U.S., investors are not so eager to take positions now.
The market is under pressure from three E's -- energy, euro and earnings, ... With third-quarter results about to come out in the U.S., investors are not so eager to take positions now.