Wednesday, April 16, 2014   

Nikkei dives 3pc on profit-taking
(05-27 14:37)

Stocks in Tokyo ended 3.22 percent lower, driven down by profit-taking and a stronger yen after a rollercoaster ride last week that included a 7.3 percent one-day drop.
The benchmark Nikkei 225 index lost 469.80 points to 14,142.65, while the Topix index of all first-section shares gave up 3.35 percent, or 40.01 points, to 1,154.07.--AFP
The Nikkei had been making steady gains until Thursday when the benchmark index plummeted 7.3 percent after disappointing data out of China stoked fears about the world's second-largest economy, a major trade partner with Japan.
That was followed by a turbulent Friday session with the index see-sawing in and out of negative territory for most of the day before ending 0.89 percent higher.
   
Other Business breaking news:
European Parliament gives green light to 'banking union' reforms (04-15 19:12)
Imperial Tobacco announces closure of factories in Britain, France (04-15 19:03)
BOJ vows to reach inflation target (04-15 18:49)
Search engine Baidu launches mobile payment platform (04-15 18:26)
HK logs lower re-exports volume (04-15 18:24)
German investor sentiment down to 8-month low due to Ukraine crisis (04-15 18:20)
UK inflation slows in March (04-15 18:16)
Hang Seng, Shanghai fall (04-15 16:15)
Chinese land price growth slows: report (04-15 12:37)
Hang Seng slumps by break (04-15 12:20)

More breaking news >>

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