Wednesday, April 15, 2009

Japan's stock market fell on Wednesday

Japan's stock market fell on the results Wednesday. Nikkei index lost 1.1%, showing negative momentum third consecutive day.

Weak macroeconomic data on retail sales in the United States, received the day before, have undermined investors' hopes for an early restoration of the country's economy. In addition, the strengthening yen to the dollar on the Forex has supported the downward trend in the stock market.

Significant losses of companies, shares of exporters:

Toyota Motor -2.6%

Canon -4.5%

Honda Motor -2.0%.

Pressure was noted in the financial sector. Papers of Japan's largest bank Mitsubishi UFJ Financial lost 2.4%, Nomura Holdings Inc, the country's largest broker, collapsed to 8.5%.

Experienced a natural increase in the pharmaceutical sector:

Astellas +3.8%

Takeda Pharmaceutical +2.6%.

In general, trading in the Asian areas culminated on Wednesday mostly declining indexes:

Nikkei -1.13% to 8742.96

CSI200 (China) +1.06% to 2999.94

Hang Seng (Hong Kong) -0.57% to 15491.16

KOSPI (Korea) -0.71% to 1333.09.

Prepared with input Reuters

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