讀後心得

Last Friday, the Japanese stock market fell due to concerns over the impact of U.S. tariff measures on the global economy. The Tokyo Stock Exchange's First Section Index dropped by 86.55 points (3.37%), closing at 2,482.06 points; the Nikkei 225 index declined by 955.35 points (2.75%), ending at 33,780.58 points. Investor risk aversion heightened, and Mitsui, a fund manager at Aizawa Securities, indicated that the tariff impacts were greater than expected, posing larger challenges for corporate performance. He reduced investments in industries reliant on external demand and increased holdings in lower-risk domestic companies. In terms of individual stocks, Shionogi and East Japan Railway Company saw their stock prices rise, while Mitsubishi UFJ Financial Group and Renesas Electronics experienced declines.

The Japanese stock market experienced a decline last Friday as investors were concerned that the U.S. government's tariff measures might hinder the global economy, leading to a significant sell-off of risk assets in global markets. At the market close, the Tokyo Stock Exchange's First Section index fell by 86.55 points, a decrease of 3.37%, closing at 2,482.06 points; the Nikkei 225 index dropped by 955.35 points, with a decline of 2.75%, ending at 33,780.58 points. Affected by the global trade war, the Japanese stock market performed poorly, following a technical correction of the Nikkei 225 index from its peak in December last year, as the Tokyo Stock Exchange index also fell 12% from its peak in March.

The fund manager at Aizawa Securities pointed out that the current level of tariffs far exceeded expectations, and the damage to corporate performance might be more severe than initially anticipated, resulting in heightened market risk aversion. Due to the shadow cast over the global trade outlook by the tariffs, he has begun to reduce investments in technology and other industries reliant on foreign demand, while increasing holdings in companies that rely on domestic sales and pose less risk.

• Manufacturer Shionogi's stock price rose by 2.98%
• Railway 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 company Renesas Electronics' stock price declined by 12.61%