Nikkei 225 index drops after a strong performance on Monday

Source: Dukascopy Bank
Japan's Nikkei Stock Average closed lower on Tuesday as several Japanese exporters retreated after a strong performance on Monday. Nikkei 225 fell 0.2% or 19.15 points and finished at 9,465.94 with financials putting downward pressure on the index. Sony Corp lost 1.4%, Sharp Corp dropped 2% and Citizen Holdings Co tumbled 2.9%. The main looser was Mazda Motors, plunging 10% on the news it will issue new shares worth JPY 100 billion and increase its debt by JPY 70 billion to cover predicted net loss. 

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Tue, 21 Feb 2012 12:06:27 GMT

Palladium failed to track gold's gains on Monday

Precious metals, excluding palladium, advanced on Monday amid broadly weaker US Dollar and China's RRR cut. Optimism over the Greek bailout talks also contributed to the gains. Moreover, experts are positive about precious metals outlook. Deutsche Bank released a report, indicating expected increase in the precious metals prices. At the same time, palladium's price faced downward movement amid stronger Euro

Tue, 21 Feb 2012 10:52:50 GMT

Hang Seng modestly higher on Tuesday

Hong Kong's Hang Seng index closed slightly higher on Tuesday as the approval of Greek rescue package was already incorporated into previous price movements. Hang Seng index edged or 53.93 points up and settled at 21,478.72 with telecommunication sector posting the biggest gains. China Telecom Corp jumped 4.1% on report it would begin trading Apple iPhone 4S next month.  China

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