Sunday, April 27, 2014

Japanese Shares Retreat as Yen Holds Gains Amid Ukraine Tensions



Japan��s Topix index fell, poised for its fourth straight monthly loss, as the yen held gains against the dollar amid escalating tensions over Ukraine.
The Topix declined 0.8 percent to 1,160.65 as of 9:01 a.m. in Tokyo, with all 33 industry groups dropping. The measure is headed for a 3.5 percent loss this month, the biggest since January. The Nikkei 225 Stock Average slid 0.8 percent today to 14,310.16. The yen traded at 102.11 per dollar after three days of gains.
Futures on the Standard & Poor 500 Index were little changed today. The measure lost 0.8 percent on April 25 while the Nasdaq Composite Index posted its biggest decline in two weeks on concern earnings growth is too slow to justify valuations. Amazon.com Inc. tumbled after predicting an operating loss this quarter.

Copy Source: Bloomberg

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