Gavekal Capital: KDDI Gets Clobbered as Nikkei Plunges 2.75%
Friday, October 25, 2013
KDDI Gets Clobbered as Nikkei Plunges 2.75%
The Nikkei had the pre-FOMC jitters last night finishing down 2.75% to close at the medium-term rising trendine. KDDI took it on the chin as the worst performing stock on the day, finishing down 5.3% on bets it will loose market share to NTT DoCoMo as the latter ramps up incentives to gain users. The positive price movement in KDDI we've seen so far this year is in serous question now.