Tuesday, May 24, 2011

Nikkei 5 weeks low strike, more losses in the eyes after support violated

TOKYO - the Nikkei average dropped to a minimum of five weeks Monday after closed out hedge fund positions construction machinery manufacturers, stimulated by downgrades Nomura Securities on request the dilapidation of China, with investors considering more losses for the benchmark index after it breached a key support level.


The benchmark Nikkei average (.)(N225) closed by 1.5% to 9,460.63, while the broader Topix (.)(TOPX) hangar 1.2% to 817.68.

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