Nikkei down in Japanese share trading

Date: 30 July 2010, 11:41
 
The Nikkei 225 has fallen in Japan today, with Kobe Steel shedding over seven per cent.
Alt News Text Stocks have dipped in Japan today
 

Stocks have fallen on the Nikkei 225 in Japan today (July 30th), led by concerns over downbeat economic data.

At the 15:00 local time close in Tokyo, the index had lost 1.6 per cent, putting it on 9,537.30 points.

Reuters reports the decline was due to a dip in trading ahead of the release of US economic data likely to show the economic recovery in the country is slowing.

However, Bloomberg cited an unexpected drop in Japanese industrial production and a bigger-than-expected fall in consumer confidence as reasons for the slide.

It noted Kobe Steel lost 7.2 per cent as a result of the dip in factory output, while Ashai Glass finished 2.7 per cent lower.

The fall on the Nikkei 225, along with declines elsewhere around Asia and on Wall Street in the US, mean the FTSE 100 is expected to open as much as 0.7 per cent lower today, Reuters reported.

Posted by Adam Howard
 
 
 

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