Date: Tuesday 20 Jul 2010
The Nikkei fell on Tuesday, despite gains amongst every other major Asian market, as the stronger yen weighed on exporters.The benchmark index lost 1.15% as trading resumed following Monday's closure for a public holiday.
Shares in Toyota motored 1.8% lower at 3,080 yen while shares in Honda skidded 1.2% to 2,620 yen. Sony declined 35 while Canon lost 0.89%.
Techs were also stuck in a rut after disappointing results from IBM and Texas Instruments after the bell the US. Shares in Tokyo Electron fell 1.8% at 4,735 yen.Fujitsu slid 1.4% while Kyocera fell 1.1% to 7,250 yen in Tokyo.
The Nikkei 225 index closed down 107 points at 9,300.
The Hang Seng gained 1.86% on hopes that China will end policies to cool the housing market. China Resources Land jumped 3.6% while China Overseas Land added 3%.
Banks also benefited from news that China has changed rules to allow the sale of renminbi-denominated financial products in Hong Kong. ICBC rallied 1.9%, Bank of China rose 1% while China Construction Bank advanced 2.1% to HK$6.41.
Standard Chartered rose 1.4% while BOC Hong Kong added 1.7%.The Hang Seng index rose 173 points at 20,265 in Hong Kong.
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