Nikkei unchanged on Tuesday

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Source: Dukascopy Bank SA
Tokyo Stock exchange traded red on Tuesday as investors raised concerns over the market heating up too fast after BOJ said to increase monthly bond purchases to end the deflation and boost the economy. The Nikkei 225 Index lost 0.24 points to 13,192.35. OKUMA Corp, a machine tool builder, surged 8.9% to 760 yen for a biggest jump on Nikkei, as Credit Suisse AG raised the company's investment rating. Amada Co Ltd, a manufacturer of metal processing equipment and machinery, jumped 8.7% to 735 yen, lifting the industrials sector. Sumitomo Heavy Industries Ltd followed with a 7.3% rally to trade at 357 yen. On the downside, Credit Saison Ltd plummeted 7.7% to 2,684 yen on news the consumer credits in Japan climbed the most since 2009. The company posted the biggest decline in the financial sector that retreated 3%. Tokyu Land Corp plunged 5.5% to 1,145 yen, decreasing for the first time in five trading days. Mitsubishi Estate Co Ltd closed the top-three with a 5.3% slump to finish at 3,025 yen, dropping from its highest level since 2007.

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