Browsing Posts published on July 27, 2007

* Nikkei 225 Stock Average: -418.28 (-2.4%) to 17,283.81
* Nikkei 225 futures Osaka: -410 (-2.3%) to 17,290, Singapore (SGX) 17,290, Chicago (CME) 7/26 — 17,270
* TOPIX: -37.47 (-2.2%) to 1,699.71, Advancers 134 vs. decliners 1,543 (unchanged 52), New highs 11 x new lows 429; all 33 sectors fell
* Jasdaq: -110 (-1.4%) to 76.76
* Yen gains 1.3% against US$, last at 118.74; +1.3% against euro at 162.93


Nikkei 225 September futures trading in Chicago on the Mercantile Exchange lost 525 points Thursday to 17,270 (-2.95%). They traded as low as 17,055 (-4.15%) intra-day. Bad weather in Chicago didn’t help. We won’t make any “bears” jokes. Anyway, there is certainly more volatility these days in the U.S./Japan and Japanese stocks are particularly vulnerable with parliamentary elections this Sunday. PM Shinzo Abe is in for a long weekend and renewed, unwelcome political uncertainty may linger beyond, clouding the equities market. Recent yen strength will not help either.

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Read more on Nikkei 225 Index (N225), Futures at Wikinvest