(News Today) - Mitsubishi Corp. may rise on a Nikkei report Saturday that the trading house will pursue production of liquefied natural gas in Indonesia through a joint venture with state-run PT Pertamina (Persero) and Korea Gas Corp.A market analyst at a Japanese brokerage says the report will likely trigger dip-buying following a 4.5% decline on Friday, but says investors are increasingly wary of a full-fledged downward correction in resource-linked shares on concerns of inflation in emerging economies.
Trading houses and other resource-related shares had been rising since the U.S. Fed announced additional quantitative easing measures in November. Shares are ask/bid at Y2,305/Y2,304 vs Y2,273 at Friday's close. The shares are up 17% from early November.
Source : kompas
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