【2021.5.12】Yesterday's market recap and today's considerations
Stock Price: The Nikkei Stock Average fell sharply yesterday by 908.75 points (-3.08%). As I wrote yesterday, it seems to have followed the decline in U.S. stocks. The short selling ratio of the Nikkei was 35.8%. Yesterday's drop may have been driven by hedge funds' selling ahead of Friday's options expiry, and today's movement could determine future developments. If there is more selling today, a continued decline is likely; if short covering occurs, today may be near the bottom. The Nikkei stock average is worth watching with a wait-and-see approach regarding future trends.
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