Nikkei 225 index flat on Monday amid New Year holidays in China

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Source: Dukascopy Bank
Japan's Nikkei Stock Average traded flat on Monday's rather silent trading session amid Chinese New Year holidays. Nikkei 225 finished 0.01% or 0.46 points down at 8,765.90. On the upside index was supported by export-oriented companies with Sony Corp. surging 4%, Mazda Motor Corp. adding 1.6% and Casio Computer Co. gaining 1.7%. Olympus Corp. rallied 8.1% after the company avoided delisting from Tokyo Stock Exchange. On the downside was Panasonic Corp. which edged down 1.4% after Moody's reduced firm's debt rating.

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