In today’s briefing:
- Japan Weekly | Stocks Sink; Activists Lift Stakes in Rinnai, Topcon, Kureha
Japan Weekly | Stocks Sink; Activists Lift Stakes in Rinnai, Topcon, Kureha
- Topix fell 2.3% due to Wall Street losses as Jerome Powell cited high inflation, and global stocks were pressured by surging bond yields.
- Major Movers: Small-cap, high growth stocks got killed, especially on any slight earnings miss. Consumer staples, regional banks outperformed
- Activist Watch: Investors lifting stakes in Rinnai (-3.4%), Topcon (+1.6%) and Kureha (+1%); Yaizu Suisan’s outcome remains uncertain after a failed tender offer
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