Markets Correspondent
Aiko's Feed
Dec 1, 2010

Nikkei edges up after slide, eyes China, U.S. data

TOKYO (Reuters) – Japan’s Nikkei average edged up 0.5 percent Wednesday after falling nearly 2 percent the previous day when a liquidity squeeze hit Chinese shares, and market players said they would continue looking to Chinese equities and U.S. economic data for direction.

The Nikkei gained 8 percent in November, however, and analysts said recent yen weakness and expectations of a further recovery in the U.S. economy would continue to lend support, although Japanese shares will be weighed down by worries that the euro zone’s credit crisis may spread.

Nov 19, 2010

Nikkei hits 5-month closing high; profit-taking weighs

TOKYO (Reuters) – Japan’s Nikkei average marked a five-month closing high above 10,000 for a second day on Friday, propelled by hedge fund inflows from overseas and with a fall in the yen providing additional support.

But the index lost steam after scoring an intraday high in the morning as profit-taking emerged, with market players saying they were reluctant to actively take positions ahead of the weekend and the U.S. Thanksgiving holiday next week.

Nov 19, 2010

Nikkei hits fresh 5-month high; technicals help

TOKYO, Nov 19 (Reuters) – Japan’s Nikkei average climbed to a
fresh five-month high above 10,000 on Friday, propelled by hedge
fund inflows from overseas and getting additional support from a
fall in the yen.

Blue-chip shares rose broadly, with banking shares likely
buoyed by short-covering and new long positions by a U.S.
brokerage on the view that they are undervalued, one market
player said.

Nov 19, 2010

Nikkei hits fresh 5-month high as blue-chips lead

TOKYO, Nov 19 (Reuters) – Japan’s Nikkei average climbed more
than 1 percent to a fresh five-month high above 10,000 on Friday,
propelled by hedge fund inflows from overseas and getting
additional support from a fall in the yen.

Blue-chip shares rose broadly, with banking shares likely
buoyed by short-covering and new long positions by a U.S.
brokerage on the view that they are undervalued, one market
player said.

Nov 18, 2010

Nikkei tops 10,000 as weaker yen attracts inflows

TOKYO, Nov 18 (Reuters) – Japan’s Nikkei jumped more than 2
percent to close above 10,000 for the first time since late June
on Thursday as a fall in the yen against the dollar attracted
strong fund inflows from overseas to bolster financial shares.

Active short-covering of banks and other financials by
overseas fund operators helped spur similar moves in other
sectors, with some saying buying was led by European funds to
balance their positions ahead of year-end book closings.

Nov 18, 2010

Nikkei hits fresh 5-month high; resistance looms

TOKYO, Nov 18 (Reuters) – Japan’s Nikkei stock average rose 1
percent to a fresh five-month high on Thursday, with shares of
exporters helped by a weakening in the yen against the dollar and
financial shares gaining on short-covering.

The benchmark broke above its five-month intraday high of
9,908.30 hit on Tuesday and solid resistance likely awaits at its
200-day moving average, now around 9,920, which has been in place
since May.

Nov 17, 2010

Nikkei claws higher as yen spurs bargain hunting

TOKYO, Nov 17 (Reuters) – Japan’s Nikkei stock average erased
earlier losses and clawed up 0.2 percent on Wednesday as a softer
yen against the dollar prompted investors to hunt for bargains in
carmakers and other exporters.

The Nikkei fell about 1 percent at the open after Wall Street
stocks dropped nearly 2 percent due the prospect of more European
bailouts and concerns over further tightening measures by China.

Nov 17, 2010

Nikkei down but trims losses as yen dips

TOKYO (Reuters) – Japan’s Nikkei stock average dropped on Wednesday but was off its earlier lows as investors took the yen’s weakening against the dollar as a cue to hunt for bargains in carmakers and other exporters.

The Nikkei fell about 1 percent at the open after Wall Street stocks dropped nearly 2 percent due the prospect of more European bailouts and concerns over further tightening measures by China.

Nov 16, 2010

Nikkei edges lower after hitting 5-mth high on yen

TOKYO, Nov 16 (Reuters) – Japan’s Nikkei ended slightly lower
on Tuesday, losing steam after touching a five-month intraday
high as profit-taking set in amid worries over the outlook for
corporate profits and the impact of tighter credit in China.

The Nikkei, a laggard compared to other major stock markets
this year, has been on an upward trend since the start of the
month, helped by the Federal Reserve’s quantitative easing that
has brought expectations of increased liquidity for global
shares.

Nov 16, 2010

Nikkei hits 5-month high on weaker yen but loses steam

TOKYO (Reuters) – Japan’s Nikkei average hit a five-month high on Tuesday as a weaker yen encouraged buying by foreign investors but it lost steam on profit-taking and ended the day slightly lower.

The Nikkei managed to hold near 9,800, with foreign players appearing more enthusiastic about adding Japanese shares to their portfolios and domestic institutional investors also looking for bargains, market participants said.