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Nikkei sheds 0.17 pct as profit-taking follows gains
Tokyo stocks retreated Wednesday,asics onitsuka tiger, with Japan's key Nikkei stock index shedding 0.17 percent at the close in Tokyo, having moved in a narrow range throughout the day,Onitsuka Tiger Mexico 66 Lauta, as commodities were sold to lock in gains following the Nikkei's rise to more than a seven-month closing high on Tuesday.
Brokers said that some issues came under selling pressure as profit-taking was the major theme behind investors' moves on Wednesday, following the market's spike on Tuesday,China wishes Europe growth, prosperity , but an ongoing sense of optimism about the health and direction of the U.S. economic recovery capped losses.
Analysts also noted that due to recent robust figures showing expansion in the U.S.'s manufacturing sector, orders for factory goods and growth of its overall economy,Asics Mexico 66 Baja, market players were not overly keen to send share prices lower.
Coupled with this, some investors took up passive stances ahead of key jobs data due out from the Uinted States later this week and U.S. and Japanese corporate earnings seasons,Asics Gel Kinsei 2, both of which will swing into gear forthwith.
"Expectations have been growing that we will continue to see economic recovery in the United States and market players do not seem willing to send shares sharply lower,Asics Mexico 66," said one local equities manager.
"Expectations for a global economic recovery led by the U.S. are mounting, but investors will likely be in a wait-and-see mood until the jobs data at the end of the week," added Hiroichi Nishi,Expansion in the U.S,cheap Mexico 66, an equities manager in Tokyo at Nikko Cordial Securities Inc. " Investors are buying dollars on the outlook for the U.S. economy, leading to lower commodity prices."Meanwhile, orders for capital goods rebounded after falling in October,tiger shoes, the commerce department said.
The 225-issue Nikkei Stock Average fell 17.33 points from Tuesday to 10,asics tiger mexico 66,380.77,discount asics running shoes, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 0.11 point, or 0.01 percent,何炅与刘纯燕15年后再聚首 onitsuka tiger shoes, to close at 911.69.
With the Japanese yen falling to as low as 82.28 versus the U.S. dollar on Tuesday after stock trading closed in Tokyo,cheap asics shoes, compared with 82.14 at Wednesday's close,Asics Gel Shoes, export-related issues got a boost led by Japan's automakers.Exporters like Tokyo Motor cheer a weaker yen as revenue made abroad isn't diminished when repatriated.
Toyota,asics tiger shoes sale, the world's largest automaker who is reliant on foreign countries for some 70 percent of its total revenue,asics shoes sale, added 0.9 percent to 3,295 yen and Mazda Motor Corp.,asics shoes Australia, Japan's second-largest car exporter,asics shoes shop, climbed 2.5 percent to 242 yen.
Other exporters advanced on individual news,Cheap Asics Mexico 66 Shoes, with Toshiba Corp. jumping 2.5 percent to 460 yen,asics shoes outlet, following a report in the Nikkei newspaper that the company will develop a pressurized-water nuclear reactor with China's state nuclear power company.Pioneer Corp. gained 2.4 percent to 349 yen,asics onitsuka tiger rotation 77, following the company's share price estimate being increased to 400 yen from 360 yen at Barclays Capital.
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