Reported 1 day 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