gnutrade.satya
Senior Member
Cash: $ 48.60
Posts: 220
Joined: 06 May 2009
Location: Hyderabad
|
| Tokyo Stocks ended the day on a flat note |
 |
|
Tokyo Stocks ended the day on a flat note as the yen failed to continue to weaken as much as some market players had hoped when Japan intervened in the currency market the previous day. The yen's tumble off a 15-year high against the dollar due to Japan's first intervention in six years boosted the benchmark Nikkei, lifting shares of exporters such as high-tech firms and automakers.
Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management Co said: "The yen's retreat hasn't been as big as the market had hoped -- dollar/yen has yet to touch 86 yen -- and the yen remains on the strong side. That weighed on stocks that have been boosted by short-covering. New money isn't really flowing in."
The Japanese Nikkei fell 7.06 points to 9,509.50.
http://www.gnutrade.com
|
