Japanese
stocks fell, with the Topix index retreating from a six-year high, as
the yen maintained gains against the dollar. Paper manufacturers led
declines and drug companies rose.
The
Topix lost 0.2 percent to 1,406.23 as of 9:02 a.m. in Tokyo, with eight
stocks falling for every six that rose, after closing yesterday the
highest level since June 2008. The Nikkei 225 Stock Average slipped 0.3
percent to 17,360.21 today. The yen traded at 117.81 per dollar, after
strengthening as much as 0.5 percent yesterday.
The
Topix gained the past five trading days as Prime Minister Shinzo Abe
called a December election, scuppering plans for a second increase in
Japans sales tax after data showed Asias second-largest economy is in
recession. The Bank of Japan last week kept a pledge to expand the
monetary base at an annual pace of 80 trillion yen ($676 billion).
Source: Bloomberg
0 komentar :
Post a Comment