Japanese
stocks fell, with the Topix index headed for its first weekly decline
in three weeks, after the European Central Bank’s decision to boost
stimulus disappointed investors.
The
Topix lost 1.2 percent to 1,336.17 at 9:01 a.m. in Tokyo, with about
six shares declining for each that rose. The gauge is headed for a 2.8
percent drop this week after jumping 15 percent over the previous three
weeks. The Nikkei 225 Stock Average declined 1.4 percent to 16,624.69 on
Friday. Stocks in Europe dropped after the central bank’s move to bring
borrowing costs to record lows, expand asset purchases and offer a
borrowing subsidy to lenders failed to ignite equity gains.
The
Stoxx Europe 600 Index lost 1.7 percent on Thursday as investors looked
past the EBC stimulus measures and instead focused on concern monetary
policy makers have lost their potency when it comes to righting the
global economy.
Source: Bloomberg
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