The Japanese stock exchange is closed on Thursday with a small minus. Investors settled on the higher closing positions on Wall Street, but remained cautious due to continuing concerns about the economic outlook. The other important stock market indicators in the Asian region took a step back.
The leading Nikkei index in Tokyo eventually ended up 0.1 percent lower at 20,460.93 points. The Japanese temporary employment agency Recruit Holdings lost 4.8 percent after the announcement that a number of existing shareholders will sell packages of shares. Suzuki climbed 1.5 percent and Toyota finished flat. The Japanese car manufacturers have entered into a mutual stock deal. The two companies are thus expanding their existing alliance.
The stock market in Shanghai was virtually unchanged in the meantime. In Hong Kong, the Hang Seng index fell 0.2 percent. The Hong Kong authorities have banned a major demonstration scheduled for Saturday. The demonstration was intended to recall China’s refusal five years ago to admit political reforms to Hong Kong. The Kospi in Seoul lost 0.4 percent. The All Ordinaries in Sydney closed 0.1 percent higher.
Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to leah.kunze@economicinform.com
