Nikkei 225 index falls on stronger domestic currency

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Source: Dukascopy Bank
Japan's Nikkei Stock Average declined on Tuesday despite positive manufacturing data from US as stronger Yen pushed export shares into red area. Nikkei 225 index slipped 0.59% or 59.48 points and settled at 10,050.39 with eight of ten sectors posting losses. On the upside Mitsui Chemicals rallied 3.3% after Jefferies Group lifted stock's rating from underperform to buy. Sumitomo Realty & Development tumbled 3.6% on news the firm was considering to build 5 large scale real-estate projects in Tokyo. 

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Tue, 03 Apr 2012 12:39:13 GMT

Asian stocks climbed mostly higher on Tuesday

Asian markets closed mostly up on Tuesday as US PMI data signalled improvements in US manufacturing. Hong Kong's Hang Seng index added 1.3%, South Korea's Kospi surged 1% and S&P/ASX 200 index soared 0.2%. In contrast Japanese Nikkei Stock Average fell 0.6% and Taiwan's Taiex tumbled 1.3%. Shanghai market remained closed. 

Tue, 03 Apr 2012 16:40:09 GMT

Australia's retail sales missed expectations in March

Australia's retail sales improved less than initially expected in March, according to Australian Bureau of Statistics. Australian retail sales increased by 0.2% on a seasonally adjusted basis as compared to a 0.3% gain in February.  Experts had predicted the retail sales to advance by 0.3% in March.

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