(Bloomberg) -- The defeat of Japan's ruling party in
upper house elections gave investors another reason to shun the
world's second-biggest stock market.
The Nikkei 225 Stock Average, the worst performer among the
world's 20 biggest equity benchmarks, has little chance of
catching up with international indexes after the Liberal
Democratic Party lost control for the first time in 52 years,
said Joseph Quinlan, chief market strategist at Bank of America
Corp. Prime Minister Shinzo Abe's plan to deregulate state-
controlled industries and cut the government's $6.8 trillion
debt may be hindered by the July 29 vote, he said.
Read more at Bloomberg Stocks News
upper house elections gave investors another reason to shun the
world's second-biggest stock market.
The Nikkei 225 Stock Average, the worst performer among the
world's 20 biggest equity benchmarks, has little chance of
catching up with international indexes after the Liberal
Democratic Party lost control for the first time in 52 years,
said Joseph Quinlan, chief market strategist at Bank of America
Corp. Prime Minister Shinzo Abe's plan to deregulate state-
controlled industries and cut the government's $6.8 trillion
debt may be hindered by the July 29 vote, he said.
Read more at Bloomberg Stocks News
No comments:
Post a Comment