Nikkei tumbled after retail sales data

Source: Dukascopy Bank SA
Japanese equities plummeted on Thursday on negative data from the national economy. Japan's retail sales dropped by annualized 2.3% last month, defying expectations of a 0.9% increase. Japanese stock average also came under pressure amid weakness in financial stocks as investors were cautious ahead of planned reopening of banks in Cyprus. The Nikkei 225 Index tumbled 1.26% to finish the session at 12,335.96. Only two industries out of ten witnessed gains; telecommunications and utilities rose 1.46% and 0.71%. KDDI Corp and Softbank Corp jumped 1.95% and 1.29%, while Tokyo Electric Power Co Inc. and Kansai Electric Power Co Inc. moved higher 2.85% and 1.71%. On the downside, oil and gas firms as well as industrials sagged 2.25% and 1.95%. Inpex and JX Holdings dropped 1.95% and 3.13%, while Chiyoda Corp and Fuji Electric Co fell 1.50% and 1.79%. Mitsubishi Motors Corp. also traded in red. The company slumped 3.92% after reporting that last week a lithium-ion battery in its plug-in hybrid Outlander overheated.
Back to articles

Actual Topics

Thu, 28 Mar 2013 11:06:06 GMT

Hong Kong shares slid despite strong industrial figures

Hong Kong shares were bearish on Thursday, tracking weakness in the US and Japan's equities. Banks also put a lid on China's stocks after the China Banking Regulatory Commission ordered to tighten control over wealth management products. However, the downward trend was restricted by positive industrial numbers. The National Bureau of Statistics reported profits of the largest industrial firms soared

Thu, 28 Mar 2013 12:24:07 GMT

South Korea's GDP advances 0.3% in Q4

South Korean economic growth accelerated by a seasonally adjusted 0.3% in the last three months of 2012 from the previous quarter compared to an original estimate of a 0.4% increase, according to a report released by the Bank of Korea on Tuesday. The report showed that the nation's GDP grew 1.5% on an annual basis in the Q4, while for

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.