All data is delayed
Loading...
See More

Nikkei falls on yen strength

Dec 24 2010 10:05
Reuters

Tokyo - Japan's Nikkei average dropped 0.7% on Friday, coming off a seven-month high, as the yen strengthened against the dollar and the euro in holiday-thinned trade.

But general bullishness in global equities markets and a positive outlook for the Nikkei in 2011 will provide support for the market during the last week of trade for the year, investors said.

Trading volume dropped to its lowest since August 9 and posted its second worst performance this year, ahead of holidays in other major markets.

Less than 1.3 billion shares changed hands on the Tokyo Stock Exchange's first section, well below last week's average of around 2.1 billion shares.

The benchmark Nikkei fell 67.29 points to 10 279.19. It climbed to its highest since May 14 on Wednesday. Markets were closed on Thursday for a public holiday.

The broader Topix index was 0.5% lower at 901.66.

markets  |  yen  |  nikkei  |  asian markets

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Sarb’s possible intervention in the markets to stem the rand’s fall is:

Previous results · Suggest a vote

Loading...