Expect bumps ahead on shaky sharemarkets
Japanese stocks rebounded today after suffering their biggest single day fall since 1987.
Photo: AFP / Tetsuji Nojuchi
Share markets appeared a bit calmer on Tuesday, with S&P Futures up and the Nikkei recovering 9 percent.
But local commentators are warning there are likely to be bumps ahead for markets and investors.
Markets around the world suffered on Monday due to concerns about the US economy, technology stocks, weaker-than-expected earnings from some countries and the prospect of rising Japanese interest rates.
"A fear factor crept in rather than anything substantially changing overnight," said Devon Funds Management head of retail Greg Smith.
"It was sort of related to the Yen carry trade - the carry trade has been to borrow yen at low rates and invest in tech stocks, which ...










