Nikkei gives up gains as China worry weighs

TOKYO, July 13 (BestGrowthStock) – Japan’s Nikkei edged lower on
Tuesday, weighed down as Shanghai shares fell after China said it
had no plans to relax tougher property measures anytime soon,
though falls were checked by hopes for U.S. earnings later in the
day.

China’s key stock index (.SSEC: ) fell 1.6 percent after the
government said it would continue to rein in speculation in the
country’s red-hot property sector, weighing on shares throughout
Asia. [ID:nTST000264]

The benchmark Nikkei (.N225: ) shed 0.1 percent or 10.88 points
to 9,537.23 after earlier rising nearly 1 percent. The broader
Topix (.TOPX: ) fell 0.4 percent to 854.39.

Nikkei gives up gains as China worry weighs