Shares of Japanese Trading Houses Surge Following Buffett's Increased Investment

Reported 2 days ago

Shares of Japan’s largest trading houses rose after Berkshire Hathaway increased its stake to approximately 9.3%. This increase follows Warren Buffett's indication of his belief in the trading houses and their relatively cheap valuation. The trading sector's performance had declined over the past year due to lower commodity prices, but investor confidence has been bolstered by Buffett’s commitment and further bond issuances by Berkshire in yen.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis