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The Nikkei has fallen 2.41% this week, after closing at a 33-year high on Monday. Since mid-March, it has rallied nearly 27%. After the rally of the past three months, I think many investors are selling to take profits," said Kenji Abe, a strategist at Daiwa Securities. ....
Investor confidence dwindles as Asia-Pacific shares show huge losses, driven by China’s poor manufacturing data and doubt surrounding it’s post-pandemic rebound ....
As Japan s stock market posts a 33-year high, optimists point to the underlying robustness of firms earnings but pessimists are wary of potential policy change. ....