gnutrade.satya
Senior Member
Cash: $ 48.60
Posts: 220
Joined: 06 May 2009
Location: Hyderabad
|
| The Nikkei closed on a low note |
 |
|
The Nikkei closed on a low note with exporters hit as the dollar fell toward a 15-year low versus the yen on disappointing US data and talk about the Federal Reserve may ease policy further.
Takashi Kamiya, chief economist at T & D Asset Management said: "I thought a summer rally would continue in Japanese stocks for a bit more, but instead the market is now driven by worries about deflation in the United States and currency moves. Stocks have become rather cheap at this point, but more gains look hard to come by going forward. US consumer spending as well as the employment situation remain weak and the impact of economic stimulus measures is also fading globally."
The Japanese Nikkei closed at 204.67 points to 9,489.34.
http://www.gnutrade.com
|
