Japanese
stocks fell on the first trading day of the year, with investors
returning after national holidays during which most overseas equity
markets declined.
The
Topix retreated 0.6 percent to 1,399.44 as of 9:01 a.m. in Tokyo, after
climbing 8.1 percent last year. The Nikkei 225 Stock Average dropped
0.7 percent to 17,330.30. The yen rose 0.1 percent to 120.41 per dollar.
The
Standard & Poor™s 500 Index has dropped 1.6 percent since Japanese
stocks last traded. The Stoxx Europe 600 Index has fallen 0.9 percent in
that span.
Futures
on the S&P 500 fell 0.3 percent today. Data on Jan. 2 showed that
U.S. manufacturing cooled in December, with the Institute for Supply
Management™s factory index dropping to a six-month low of 55.5 from 58.7
in November.
Source : Bloomberg
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