Home
Investment
News & Views
Company News
news storage
Asia: Nikkei moves into the red
Wed, 08 Feb, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Asia: Nikkei moves into the red
Tue, 9 Mar 2010, 09:10:00
The Nikkei fell 0.17% on Tuesday as profit takers moved in on recent gains. Shares of <b>Fujitsu</b> continued to head south amid ongoing speculation over the resignation of its former president. Other stocks on the move included <b>Jtekt</b> which fell 3% after Credit Suisse cut its rating on the stock to "neutral." Exporters were mixed with <b>Sony</b> rising 1.06% and <b>Canon</b> slipping 0.38%. <b>Softbank</b> fell 2.02%. The Nikkei 225 index closed 18 points lower at 10,568 in Tokyo. The Hang Seng rose 0.05% with shares in <b>China Life</b> enjoying the biggest gains in Hong Kong. The insurer rallied 3.9% after it said it expects 2009 profit to have surged. Full year net profit is expected to have tripled helped by changes to accounting rules. Shares in <b>HSBC</b> however dragged after its weaker than expected results at the start of the month. China developers did well with shares in <b>China Overseas Land</b> rising 3.2% and <b>China Resources Land</b> up 4.4% as concern about a real estate bubble eases. Elsewhere shares in <b>China Southern Airlines</b> surged over 10% after it announced plans to raise up to 10.75bn yuan through the issue of new shares. The Hang Seng finished up 10 points at 21,208 in Hong Kong.
©2004-2009 QCK.com
