A correction in Japanese equities is giving the more optimistic investor a second buying opportunity...
A correction in Japanese equities is giving the more optimistic investor a second buying opportunity, according to JP Morgan Fleming. The market had rallied quite sharply since the February low, but has now joined the current stock market correction triggered by a valuation contraction in US equities and the accounting scandal with WorldCom. However, the falling of the Topix below 1,000 is a buying opportunity, says Stephen Mitchell, head of the Japan portfolio group at JP Morgan Fleming Asset Management. Big value-oriented investors have consistently become more aggressive buyers ...
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