Date: Thursday 29 Jul 2010
The Nikkei fell on Thursday as disappointing US durable goods data and a gloomy report by the Federal Reserve spurred a round of profit taking.
Shares in Panasonic fell over 5% on speculative reports that it will offer to buy Sanyo Electric. Shares in the latter bounced 25%.
Traders are today gearing up for a string of earnings from Panasonic, Sony, Nissan Motor and Toshiba.
Retailers such as Seven & I Holdings moved out of favour. Its shares fell 1.8%. Video game giant Nintendo declined 1.6% to 24,590 yen.
The Nikkei 225 index closed down 57 points at 9,696 in Tokyo.
The Hang Seng swung back into the red on fears about the US economic recovery after disappointing June durable goods data and the Fed issued a downbeat stance on the economy
Losses were seen across the board in Hong Kong.HSBC fell 0.9% as profit takers moved in on recent gains.
Huiyuan Juice soared 6% after French firm Danone said it would sell its 22.98% stake to Hong Kong based private equity firm SAIF Partners for HK$6 a share.
The Hang Seng index fell 16 points at 21,082 in Hong Kong.
Shares in Panasonic fell over 5% on speculative reports that it will offer to buy Sanyo Electric. Shares in the latter bounced 25%.
Traders are today gearing up for a string of earnings from Panasonic, Sony, Nissan Motor and Toshiba.
Retailers such as Seven & I Holdings moved out of favour. Its shares fell 1.8%. Video game giant Nintendo declined 1.6% to 24,590 yen.
The Nikkei 225 index closed down 57 points at 9,696 in Tokyo.
The Hang Seng swung back into the red on fears about the US economic recovery after disappointing June durable goods data and the Fed issued a downbeat stance on the economy
Losses were seen across the board in Hong Kong.HSBC fell 0.9% as profit takers moved in on recent gains.
Huiyuan Juice soared 6% after French firm Danone said it would sell its 22.98% stake to Hong Kong based private equity firm SAIF Partners for HK$6 a share.
The Hang Seng index fell 16 points at 21,082 in Hong Kong.
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