Nikkei 225 retreats from a 22-month high on oversold warnings

Source: Bloomberg
© Scampix/FP
The Nikkei 225 index lost 0.8% to 10,599.01 points in the end of Tokyo trading session on Monday. The main Japanese stock index lost value with trading volume higher by 11% than the 30-day average, as investment decisions were driven by speculations that current market is overbought. Financial institutions and banks depreciated the most leading a decrease of the index: Nomura Holdings Inc. lost 5%, Aozora Bank Ltd slipped by 10% and Softbank Corp. lost 1.9%.

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