Business News
Japanese shares edge down on profit-taking
Feb 16, 2012, 2:58 GMT
Tokyo - Japanese stocks inched lower Thursday morning as investors sold shares to lock in immediate profits after recent gains.
The benchmark Nikkei 225 Stock Average lost 24.45 points, or 0.26 per cent, to trade at 9,235.89 at the end of the morning session at 11:30 am (0230 GMT). The Nikkei soared 2.3 per cent Wednesday.
The broader Topix index was down 2.67 points, or 0.33 per cent, at 800.29.
Shares in Toyota Motor Corp were down 0.61 per cent after surging 4.65 per cent Wednesday.
On currency markets at 11:30 am, the dollar traded at 78.40-42 yen, down from Wednesday's 5 pm quote of 78.46-47 yen.
The euro was quoted at 102.00-05 yen, down from 103.29-33 yen late Wednesday, and at 1.3012-3014 dollars, down from 1.3153-3155 dollars.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
