gnutrade.satya
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Joined: 06 May 2009
Location: Hyderabad
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| The Nikkei closed on a lower note |
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The Nikkei closed on a lower note on growing concern about the US economic recovery following GDP data and worries about a stronger yen after the Japanese currency rose to a eight-month high.
Hiroichi Nishi, general manager at the equities division of Nikko Cordial Securities said: "There's concerns about the US economy and the stronger yen, but this will be offset by generally good Japanese results. It's going to be hard to buy much ahead of the release of a lot of important US indicators this week, including non-farm payrolls on Friday, but at the same time there's no reason to really push shares lower. If the yen rises more, though, things may change."
The Japanese Nikkei closed at 9,537.
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