Reported 2 days ago
Berkshire Hathaway Inc. has increased its stakes in Japan's largest trading houses, a move that may bolster the Tokyo stock market. This follows Warren Buffett's recent shareholder letter suggesting a relaxed ceiling on his ownership. Despite the potential supportive impact, analysts caution that current market conditions could limit broader effects. Specific stake increases were recorded for Mitsubishi Corp., Marubeni Corp., Mitsui & Co., Itochu Corp., and Sumitomo Corp., raising their average holdings to approximately 9.3%. Investors are keenly observing Buffett's next steps amidst fluctuating market dynamics.
Source: YAHOO