Arab Today, arab today nikkei slips below 9700 fears mount of correction
Last Updated : GMT 20:39:39
Arab Today, arab today
Arab Today, arab today

Nikkei slips below 9,700, fears mount of correction

Arab Today, arab today

Arab Today, arab today Nikkei slips below 9,700, fears mount of correction

Tokyo - Arabstoday

Japan\'s Nikkei average slipped below 9,700 on Tuesday as investors took profits on bluechips after February\'s rally and concerns mounted of a near-term correction, while attractive valuations and the softer yen supported market sentiment. China-related shares extended losses for the second session after the world\'s second-largest economy cut its 2012 growth target to an eight-year low of 7.5 per cent, as Beijing looks to reduce reliance on external spending and foreign capital. Profit-taking accelerated in major exporters, with Honda Motor down 1.5 per cent, Sony off 0.8 per cent and Panasonic shedding 1.1 per cent. Instead, investors picked up defensive sectors like pharmaceuticals and utilities, up 0.4 and 1.9 per cent respectively. \"The market is operating predictably, with some degree of caution,\" said Stefan Worrall, director of equity cash sales at Credit Suisse in Tokyo. Tailwinds \"Possible catalysts that led in recent weeks, the European Central Bank\'s LTRO (long-term refinancing operation), econ-omic data out of the US, and Bank of Japan. We are now faced with a loss of tailwinds,\" he said. The benchmark Nikkei fell 0.4 per cent to a one-week low of 9,656.37 by the midday trading break, while the broader Topix slipped 0.3 per cent to 830.01. Among China-related shares, construction machinery maker Komatsu slipped 2.1 per cent and industrial robot maker Fanuc shed 3 per cent. Hitachi Koki, a power tool manufacturer, was down 3.1 per cent. Japan\'s China 50 sub index declined 0.9 per cent. \"The news of China cutting its growth outlook came out during market hours and although there was selling of China-related stocks afterwards [in Japan] they are extending losses based on US markets\' reaction to the news,\" said Masayuki Doshida, senior market analyst at Rakuten Securities. Trading volume on the Nikkei at the trading break was at 65.1 per cent of its average 90-day full day volume.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nikkei slips below 9700 fears mount of correction Arab Today, arab today nikkei slips below 9700 fears mount of correction

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories for women

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories for women
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday