Buffett is back! Issuing bonds to increase Japanese stocks? Selling Bank of America shares for nearly $10 billion in three months

Generado por agente de IAMarket Intel
jueves, 10 de octubre de 2024, 7:30 am ET1 min de lectura
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"Oracle of Omaha" Buffett's latest move revealed! Berkshire Hathaway plans to issue its second yen bond in the global market this year, according to a document filed by the company on October 1, which has sparked speculation that the company is seeking to increase its investment in Japan.

According to a report by Finance Unions, according to the document filed by Berkshire Hathaway with the U.S. Securities and Exchange Commission (SEC), the funds raised from the transaction will be used for general corporate purposes.

Indeed, the most concerned about Berkshire's financing move are a crowd of stock investors, who have been speculating whether Buffett will use the yen raised from the bond market to buy shares of Japanese companies?

Earlier this year, Buffett had increased his stakes in five major trading houses, driving the Nikkei 225 index to a record high. If Berkshire's investment were to expand to other stocks such as banks, insurance companies and shipping companies, as some analysts have speculated, it could bring even greater gains to the Japanese stock market.

Moreover, according to the latest filing by the U.S. Securities and Exchange Commission (SEC), Buffett sold nearly $10 billion worth of Bank of America shares in the past three months.

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