Date: Thursday 17 Jun 2010
The Nikkei snapped its recent winning streak on Thursday, settling a touch below 10,000, as investors paused for breath and booked profit following a mixed bag of US economic data and growing concern over Spain’s debt problems.Exporters such as Canon and Sony came under pressure. Both stocks fell around 2%.
Trading company Mitsui & Co however rallied 2.9% after BP agreed to put $20bn in an escrow account to pay claims from the Gulf oil spill disaster.
The Nikkei 225 index closed down 67 points at 9,999 in Tokyo.
The Hang Seng rose on Thursday, marking its seventh consecutive day of gains, as traders returned from Wednesday’s holiday.
Shares in Cnooc advanced 2.7% after HSBC upgraded the oil giant to "overweight" from "neutral." PetroChina rose 0.8% in Hong Kong.
Li & Fung rose 2.7% after upbeat US manufacturing data.On the downside shares in Henderson Land Development sagged 2.4% after the real estate group warned of cancellations by potential buyers.
The Hang Seng index rose 70 points to 20,133 in Hong Kong.
No comments:
Post a Comment