讀後心得

Japan's stock market fell last Friday due to concerns that U.S. tariff policies would impact the global economy. The Tokyo Stock Exchange First Section Index dropped by 3.37%, closing at 2,482.06 points; the Nikkei 225 index declined by 2.75%, ending at 33,780.58 points. Concerns over the trade war intensified, with the Tokyo Stock Exchange index down 12% from its March highs. Ikuo Mitsui, a fund manager at Aizawa Securities, stated that the expected damages from tariffs would be greater than anticipated, leading to a rise in market risk aversion. He has reduced his investments in technology stocks and instead increased holdings in companies that rely on domestic sales. In terms of individual stocks, Shionogi and East Japan Railway Company saw their share prices rise, while Mitsubishi UFJ Financial Group and Renesas Electronics experienced declines.

The Japanese stock market experienced a decline last Friday, as concerns over the potential impact of U.S. government tariff measures on the global economy led global investors to sell off risk assets. By the close, the Tokyo Stock Exchange's First Section Index fell by 86.55 points, a decrease of 3.37%, ending at 2,482.06 points; the Nikkei 225 index declined by 955.35 points, a drop of 2.75%, closing at 33,780.58 points. Affected by the global trade war, the Japanese stock market showed weak performance, and after retreating from the highs in December, the Nikkei 225 index faced another technical adjustment, with the Tokyo Stock Exchange index down 12% from its peak in March.

The fund manager at Aizawa Securities pointed out that the extent of the tariffs exceeded expectations, which may cause greater damage to corporate performance than originally anticipated, hence market risk aversion has significantly increased. Due to the negative impact of tariff measures on the global trade outlook, he is reducing investments in technology and other sectors that rely on overseas demand, while increasing holdings in companies that primarily depend on the domestic market and are considered less risky.

• Manufacturer Shionogi's stock price rose by 2.98%
• Rail operator East Japan Railway Company's stock price increased by 3.52%
• Financial holding company Mitsubishi UFJ Financial Group's stock price fell by 8.48%
• High-tech firm Renesas Electronics' stock price declined by 12.61%