In today’s briefing:
- Japan Weekly | Tech Sell-Off to Continue?
- Ohayo Japan | Laser-Eyed Larry
Japan Weekly | Tech Sell-Off to Continue?
- The Nikkei 225 Index declined by 0.56%, closing at 39,689 for the week, while the broader Topix Index gained 0.64% to reach 2,727
- In terms of sectors, defensive and domestic sectors posted the strongest gains this week. Gas Utilities (+9%), Electric Utilities (+5%), Construction (+7%), and Banks (+6.6%) were standout performers.
- At the stock level, Tsumura (+28%) was the standout stock this week on revisions to NHI drug prices
Ohayo Japan | Laser-Eyed Larry
- US Stocks stumbled on Friday as Nvidia’s remarkable surge paused, capping off a volatile week.
- In the US, employers added 275,000 jobs in February, surpassing expectations despite a rise in the unemployment rate. This marks the third consecutive month of gains above 200,000
- SEC Chair Gary Gensler cautioned investors about cryptocurrencies as bitcoin reached a new all-time high, labelling the field as “rife with abuses and fraud.” Larry Fink is a HODLer
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