讀後心得

Last Friday, the Japanese stock market fell due to concerns that U.S. tariff measures might drag down the global economy. The TSE First Section Index dropped 3.37% to close at 2,482.06 points, while the Nikkei 225 Index declined 2.75% to 33,780.58 points. Investors sold off risk assets due to fears of the impact of the trade war. The fund manager at Aizawa Securities stated that the impact of the tariffs was beyond expectations, and market risk aversion heightened. They began to reduce investments in sectors like technology that rely heavily on foreign demand and increased holdings in low-risk companies that depend on domestic sales. In terms of individual stocks, Shionogi and East Japan Railway Company rose by 2.98% and 3.52%, respectively, while Mitsubishi UFJ Financial Group and Renesas Electronics fell by 8.48% and 12.61%.

Japan's stock market experienced a decline last Friday, with concerns that the U.S. government's tariff policies could negatively impact the global economy leading global investors to sell off risk assets. At the 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, down 2.75%, to 33,780.58 points.

Amid worries about the global trade war, the Japanese stock market performed poorly, following a technical correction in the Nikkei 225 index from its December highs a week ago, and the Tokyo Stock Exchange index has also fallen 12% from its March peak. A fund manager from a securities company noted that the extent of the tariffs exceeded expectations, meaning that their impact on corporate profits could far exceed initial projections, and currently, there is a strong risk-averse sentiment in the market.

Due to the uncertainty that tariff policies bring to the global trade outlook, the fund manager chose to reduce investments in technology and other industries reliant on foreign demand, while increasing investments in companies that depend on domestic sales to lower risks.

• 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 company Renesas Electronics' stock price declined by 12.61%