Given the New York market's setback on geopolitical concerns, the market here may wipe off half or more of the gains it saw yesterday.

I think the gains (in New York) were mostly due to short-covering on battered issues.

New York shares were higher, but we've also got this fear of retaliatory terror attacks. Besides, I haven't seen much improvement when it comes to economic fundamentals in Japan.

There are a lot of hopes with the start of the new year.

Investors want to see the U.S. stock market's reaction to whatever the Federal Reserve says, which might set the tone for global high-techs for a while,

After gaining for four straight sessions, investors are concerned that the Nikkei has risen too quickly,