Do Japan’s investors think stocks are cheap enough?
(Bloomberg) — Japan stocks fell, extending a weekly loss, as a dimmer earnings outlook for lenders prompted Goldman Sachs Group Inc. to cut price targets on the nation’s biggest banks, overshadowing benefits to manufacturers from oil’s decline. The Nikkei has tumbled 48 percent in 2008, set for its worst year on record, as the collapse of the American mortgage market and ensuing credit crises sparked the first simultaneous recession in the U.S., Japan and Europe since World War II. Japan’s three biggest banks in October cut full-year profit targets by more than half on rising bad-loan costs. Is the rally over for Chinese stocks? (Bloomberg) — China’s stock benchmark rose for a fifth day, its longest winning streak this year, on speculation lower energy costs will spur consumer spending and cut corporate overheads as the government adds measures to bolster the economy. On Thursday, the Shanghai market extended gains by pushing the index over 2000 for the first time in December. The qu
