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Analysts point out that easing ownership control is just one initial step, and foreign investors still have a long way to go to make money in the growing securities trading market.

Analysts said investors had specific things on their shopping lists in the portfolio balancing exercise.

And what both sides agreed on was likely about preserving the status quo, he said, adding that from how the market reacted today, the decision was accepted by shareholders.

Analysts said the increase in the trade deficit in March could be a slight drag on economic growth in the first quarter, which expanded at an annual rate of 3.2 percent in the Commerce Department's first estimate.

And for US cranberry producers, the tariffs are crimping sales of the fruit that is a staple of American Thanksgiving dinners.