| The Nikkei slipped 1.42% on Thursday as a stronger yen put pressure on exporters while concern about overseas debt problems continues. Sony was down 08%, Honda fell 1.51% while Toyota lost 1.62%.Tokyo Electron declined 2.9% to 5,300 yen. Canon bucked the trend to rise 1.84%. Shipping stocks such as Nippon Yusen also came under pressure as the Baltic Dry Index declined. In economic news Japanese core machinery orders fell a bigger than expected 4.5% in October, figures from the Cabinet Office showed. Steel maker JFE Holdings rose 1.2% after Goldman Sachs said the stock is undervalued. Suzuki Motor fell 6.5% a day after it announced that Volkswagen will buy a 20% stake in the Japanese carmaker for 222.5bn yen. The benchmark Nikkei 225 index closed down 141 points at 9,863 in Tokyo. The Hang Seng fell for the fifth straight day with property developers falling sharply after Beijing announced measures to cool the sector. China Overseas Land fell 1.8% while China Resources Land lost 4%. The Hang Seng finished 41 points lower at 21,700 in Hong Kong. |
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Indices
| Index | Value | % Change |
|---|---|---|
| Nikkei 225 | 9,862.82 | -1.42% |
| Hang Seng | 21,700.04 | -0.19% |
| Straits Times | 2,781.86 | -0.55% |
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