Japanese equity markets slip down due to overbought signals

Source: Bloomberg
© Scanpix/FP
The Topix index lost 0.2% of its value to 788.48 points and the Nikkei 225 added 0.1% to 9,533.75 points in the end of Tokyo trading session on Monday. Japanese stocks rose in the beginning of trading session after U.S. jobs report, which exceeded a forecast, but technical indicators signaled that shares might be overbought and a revised estimation of the country's economy confirmed a contraction.
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