Japanese shares closed lower amid ongoing Greek woes

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Source: Dukascopy Bank SA
© Scanpix/AFP
The Nikkei 225 index started Wednesday's session with sharp decline but by the end of the trading the index pared losses as US President Barack Obama was re-elected for a second term. Meanwhile, traders remained cautious as Greece votes on fresh round of austerity measures on Wednesday. The Nikkei 225 Index moved lower by 0.03% to close at 8,972.89. Six out of ten sectors posted gains. The top-performers were oil and gas and telecommunications sectors. Inpex, JX Holdings and Showa Shell Sekiyu advanced 2.81%, 0.95% and 1.91, respectively. Among telecommunication companies, KDDI and Nippon Telegraph & Telephone jumped 0.16% and 0.83%. Meanwhile,  Nissan Motor and Sumitomo Metal climbed 4.14% and 6.23% after cutting earnings forecasts less than expected. At the same time, industrials pushed Japan's equity index lower. Chiyoda dropped 4.76% after posting disappointing quarterly results.

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Wed, 07 Nov 2012 15:55:20 GMT

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