Gucci's Aim 2020 January 31 Tokyo Stock Market Outlook【Text Commentary】Japanese stocks may reach a level that factors in January 3 Chinese stock decline and circuit breaker risks

There is one clear difference between yesterday and today: the results of the earnings event were the most solid figures in recent memory.

Yesterday's stock decline was driven by a pullback selling that accelerated as 5G-related stocks fell, and taking advantage of the coronavirus impact blurred the usual risk-off factors.