Reported about 15 hours ago
Berkshire Hathaway has significantly increased its investment in five major Japanese trading companies—Mitsubishi, Marubeni, Mitsui, Sumitomo, and Itochu—following an announcement by Warren Buffett that the trading houses are lifting the 10% cap on Berkshire’s holdings. This move is expected to positively influence Japanese equities, despite the Nikkei 225 index declining by 6% this year. Analysts suggest the investment reflects Buffett's strategy to seek value overseas amid US market volatility.
Source: YAHOO