Nikkei Down from 3-Month High on Uncertainty Greek Bailout
on Thursday, the Japan's Nikkei average down from a three-month high after China's inflation rate faster than market expectations and uncertainty still over Greek bailout talks, although it still defense d above the 9,000 points.
The benchmark losses in the afternoon with a trader at a US hedge funds bank citing and taking blue chip stocks.
The Nikkei ended at 0.2% lower at 9,002.24, moving forward from its 200-day moving average in nearly 9,060, after rising 1.1% the previous session.
Seiichiro Iwasawa, chief strategist at Nomura, said:” Global equities have well done since the technically beginning of this year with a slight of worrying mark. In the near-term, there perhaps a slight of a pullback. But it does not big correction for it.”
"There are so much money were left, as many investors choose to put their money to put their work and it would push the market,” he added.
The benchmark Nikkei rose 6.5% this year after slipping 17.3% in 2011. While the Nikkei volatility index decline 0.3% on Thursday.
The broader Topix also climbed 0.2% to 784.49.
Stock Market News | 02/10/2012
