Nikkei flat in wary market but financials gain

TOKYO, Dec 17 (BestGrowthStock) – Japan’s Nikkei average stayed flat
on Friday, ending the week with gains of around 0.9 percent as
losses in trading companies offset gains in banks spurred by
foreign buying and hikes in the real estate sector boosted by the
Bank of Japan’s asset-buying scheme.

After rallying about 12 percent since early November, Tokyo
shares ran out of steam and stayed flat most of this week, as
investors consolidated postions around new levels and sought
incentives to break out of a tight 190-point band.

The Nikkei (.N225: ) was almost unchanged on Friday shedding
0.07 percent or 7.46 points to 10,303.83, not far below a
seven-month closing high of 10,316.77 hit on Tuesday.

The broader Topix index (.TOPX: ) was also almost unchanged
losing 0.1 percent to end at 903.14.
(Reporting by Anotni Slodkowski; Editing by Michael Watson)

Nikkei flat in wary market but financials gain