TOKYO —
Tokyo stocks edged lower Friday as recent gainers were sold and a slightly weaker dollar against the yen weighed on the market. After trading above and below the key 10,000 threshold amid a lack of fresh cues, the 225-issue Nikkei Stock Average dropped 4.38 points from Thursday to finish at 9,995.02. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 2.84 points to 884.64.
Investors sold some stocks that gained recently, but the market was rather directionless throughout the day, as the recent upward momentum that sent the Nikkei above the psychologically important 10,000 mark took a respite for now, brokers said. Worries about Spain’s finances eased after the European nation’s bond auction went smoothly on Thursday, but weaker-than-expected U.S. economic data pointed to the possibility that the U.S. economic recovery could not be as strong as expected.
The dollar was weaker against the yen, trading in the upper 90 yen zone, down from the lower 91 yen territory late Thursday in Tokyo, chilling investor sentiment.
http://www.japantoday.com/category/business/view/tokyo-stocks-fall-in-quiet-trading
No comments:
Post a Comment