Railway stocks show resilience, AI-driven buying observed in "HALO stocks" as set trade
Railway shares, including JR firms such as East Japan Railway Company <9020>, West Japan Railway Company <9021>, and Central Japan Railway Company <9022>, alongside private operators like Sotetsu Holdings,Inc. <9003>, Keikyu Corporation <9006>, and SEIBU HOLDINGS INC. <9024>, remained relatively resilient on Monday amid a broader market sell-off. Market observers noted that while fears over the risk of missing out on AI stocks persist, funds are flowing into old-economy sectors tied to social infrastructure, which have minimal correlation to AI, serving as a hedge. Shares of companies with physical assets that are difficult to replicate despite AI advancements are generally referred to as HALO stocks, and railway operators fit this profile. Market sources indicate that these shares have attracted buying as part of a paired trade with AI stocks for hedging purposes.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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