Nikkei flat as trading houses, euro worry weigh

TOKYO, May 18 (BestGrowthStock) – Japan’s Nikkei average was flat on
Tuesday, with exporters making some gains while Mitsubishi
(8058.T: ) and other trading houses slid after industrial metals
prices plunged the day before.

The benchmark Nikkei earlier rose on short-covering after
losing nearly 4 percent in the past two days, but strength in the
yen against the euro amid investor caution about the euro zone’s
fiscal woes weighed, market players said.

The benchmark Nikkei (.N225: ) added 6.88 points to 10,242.64,
off a 10-week closing low hit the previous day.

The broader Topix (.TOPX: ) dipped 0.7 percent to 913.91.

Stock Market

(Reporting by Aiko Hayashi)

Nikkei flat as trading houses, euro worry weigh