The recovery in shipping stocks has become increasingly clear, and funds continue to move into the sector, starting with strong earnings from major Nordic companies. Although the Nikkei Stock Average fell sharply at one point, shipping stocks were highlighted as stocks to watch.
The Nikkei Stock Average ended trading at 68,098.54, down 1,121.71 from the previous day in a sharp decline. With the broader market remaining in a bearish phase, attention focused on the performance of individual stocks.
Kabutan (kabutan.jp) featured shipping stocks including Mitsui O.S.K. Lines in its midday edition, while インフォＭＴ and SBG were also cited as stocks to watch.
Market observers expect the shift of funds into shipping stocks to continue, starting with strong earnings from major Nordic companies.
Market participants indicate that they will continue to closely monitor shipping stocks and the earnings performance of Nordic companies.