"It's dicey to sell further because we may see a sharp rebound judging from valuations"
- Goya Nakao, a senior investment manager at Sompo Japan Nipponkoa Asset Management Co.
Japanese shares closed in green on Tuesday on signs stocks were oversold.
The Nikkei 225 rose 1.04 per cent, or 86.37 points, to 8,382.00. The broader Topix advanced 1.83 per cent, or 12.73, to 708.24.
"It's dicey to sell further because we may see a sharp rebound judging from valuations," said Goya Nakao, a senior investment manager at Sompo Japan Nipponkoa Asset Management Co.
"Stocks are oversold and developed nations' bonds are being bought too much, and that's obvious when you look at valuations and compare different assets."
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