Nikkei dips in and out of negative territory

Business | 24 Apr 2019 11:08 am

Japan’s Nikkei share average  was flat in choppy trade today as investors stayed cautious before earnings results, but it remained around a 4-1/2-month high as sentiment was supported by a rally in U.S. stocks.

Nissan Motor Co tumbled as much as 2.9 percent to 915.2 yen, the lowest since March 29, after TV Tokyo reported that it will announce a large cut to its earnings outlook for the fiscal year that ended in March due to weak sales in North America and China.

A Nissan spokesman declined to comment when contacted by Reuters.

The Nikkei share average dipped in and out of negative territory before ending the morning session little changed at 22,254.42 points.

In early trade, it hit as high as 22,362.92, the highest level since early December.

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