Nikkei opens lower on yen but sentiment strong

TOKYO, Dec 24 (BestGrowthStock) – Japan’s Nikkei average opened lower
on Friday, with a stronger yen against both the dollar and euro
after more ratings downgrades of European countries weighing on
shares in holiday-thinned trade.

But underlying strong sentiment, which helped lift the Nikkei
to its highest level since May 14 on Wednesday, reflecting
general bullishness in global equities markets and a positive
outlook for 2011, was seen likely to limit losses and provide
support throughout the day.

The benchmark Nikkei (.N225: ) fell 0.6 percent or 65.92 points
to 10,281.84.

The broader Topix index (.TOPX: ) was 0.3 percent lower at
902.80.
(Reporting by Antoni Slodkowski; Editing by Michael Watson)

Nikkei opens lower on yen but sentiment strong