“Foreign selling seems to be behind sharp losses in some stocks like Matsushita. It's no secret they want to lock in profits in Japanese shares after being severely hurt in steep falls in U.S. shares.”
“Domestic institutions were looking for reasons to unwind a good slice of their long positions in the tech sector. The yen and the Nasdaq gave them two very good ones.”
“Gains for U.S. stocks should give us a solid floor today, but we'll see sparse participation from institutional investors wishing to evaluate the outlook for the tech sector,”
