Nikkei 225 index slips on appreciating Yen and China's trade balance

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Source: Dukascopy Bank
Japan's Nikkei Stock Average retreated after gains in previous two sessions as Yen appreciated and China reported a record high trade shortfall in February. Nikkei 225 index edged 0.4% or 39.88 points down to 9,889.86 with eight of ten industries posting losses. Nippon Paper Group led the drop among paper firms on a report which showed the wholesale prices of high-quality paper fell. Panasonic added 0.7% on news it plans to increase its sales of appliances by the end of March 2016.

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Mon, 12 Mar 2012 14:16:54 GMT

Asian stocks mostly lower on China's trade data

Asian markets faced a choppy session on Monday with stock indices mostly posting losses as China reported the biggest trade deficit in more than ten years. Japan's Nikkei Stock Average lost 0.4%, China's Shanghai Composite slipped 0.2% while South Korea's Kospi fell 0.8%. Australia's S&P/ASX 200 index gave up 0.4% and Hong Kong's Hang Seng Index added 0.2%.

Mon, 12 Mar 2012 14:29:12 GMT

Sarkozy: France may exit Schengen unless illegal immigration is tackled

Nicolas Sarkozy, France's President, said that the country may consider withdrawing for Schengen zone unless more efforts are put in stopping illegal immigration. Sarkozy speaking at President's election rally stressed that the progress has to be made during next 12 months otherwise France will exit Schengen zone. Illegal immigration is expected to be the core issue during elections in France.

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