The Nikkei dragged down by worses indicators than expected in the U.S.
The Tokyo Stock Exchange today closed the week with a fall due to manufacturing data, worse than expected, in the U.S., raising the concern of investors to the global slowdown.
The index fell 25.72 points Tokyo ‘, 0.29 percent and was at 8798.35 points, while the Topix index, which groups all the values of the first section gave up 3.04 points, a 0, 40 percent to 750.92 integers.
The mining sector led the losses followed by nonferrous metals and rubber, while fishing and forestry and paper brokerage houses closed with gains.
At the opening today, the Nikkei he lost more than 1 percent on investor concern the global slowdown and after the Federal Reserve Bank of Philadelphia (USA) announced a sharp decline in manufacturing sector index.
Despite the start, the floor was recovered during the day due to falling local currency against the dollar, which traded today in the middle band of 80 yen and the euro, which was changed in the high of 100 yen, prompting major Japanese exporters.
“The Fall of today is more of a pause in the recent advances” of the market, since “exaggerated pessimism about the debt crisis in the eurozone” has been decreased, detailed Hiroichi Nishi, an analyst at Nikko Securities SMBC was quoted by the Kyodo news agency.
In the session, exporters and Sharp values appreciated 2.4 percent by the truce given by the yen, while Olympus gained 2.2 percent on rumors of a possible capital alliance Sony, which in turn he clinched by 5.6 percent.
Oil firms lost ground, with falls such as Inpez, which was down 2.5 percent, and Japan Petroleum Exploration, which was left by 3.2 percent.
In the first section 807 securities fell, compared to 667 ended higher and 193 that ended unchanged.
Trading volume was 1,603.34 million shares, down from 1,788.06 million Thursday.
Category: Investing
