Nikkei was flat ahead of the ECB meeting

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Japan's stocks were steady, halting five-day plunge on Thursday.  An unexpected cut of growth forecast for China's economy by Goldman Sachs Group created heavy pressure on the Japanese stocks. Dragging Japanese equities lower, support from hopes for easing in the Eurozone started to fade. The Nikkei 225 Index edged up by 0.01% to trade at 8,680.57. Four in ten sectors within the index soared. The largest gains posted telecommunications and financials. Softbank and Nippon Telegraph & Telephone advanced by 2.40% and 0.42% while Chiba Bank and Bank of Yokohama climbed 0.22% and 1.37%. On the downside were health care and utility companies. Daiichi Sankyo and Astellas Pharma dropped by 1.63% and 1.11% while Kansai Electric Power and Osaka Gas sank 0.63% and 0.89%. Yamaha dropped by 0.13% despite positive comments from the company's CEO. The CEO said that sales in Indonesia may be slightly better than initial forecasts.

 

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