Date: Tuesday 13 Jul 2010
The Nikkei lost its grip on earlier gains on Tuesday with exporters among the biggest decliners as the yen strengthened against major currencies.Shares in Nissan swerved off track, falling 2.4% on the back of the strong yen. Honda fell 1.53% while Toyota lost 0.14%. Panasonic fell 1.7% to 1,171 yen in Tokyo.
The benchmark Nikkei 225 index closed 10 points at 9,537 in Tokyo.
News that China will continue to implement lending curbs weighed on buyer appetite in Hong Kong.
The Hang Seng fell 0.2% with property stocks prompting most of the decline.
China Resource Land fell 2% after China reaffirmed that will enforce strict policies to stop speculative real estate investment.
Elsewhere shares in gold producer Zijin Mining slumped 8.8% in Hong Kong after it warned a toxic waste leakage had forced its to close a copper smelter at its biggest mine.The Hang Seng index closed down 36 points at 20,431.
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