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Nikkei Slightly Lower, TOPIX Edges Higher, Ahead of 3-Day Weekend, U.S. Employment Data

October 6th, 2007 · No Comments

Japan market summary for Friday (Oct. 5)
Nikkei 225 Stock Average: -27.45 (-0.2%) to 17,065.04
Nikkei 225 futures Osaka: +10 (+0.1%) to 17,130, Singapore (SGX) +25 (+0.15%) to 17,110, Chicago (CME) *10/4 -25 (-0.15%) to 17,110
TOPIX: +1.31 (+0.1%) to 1,656.91; Advancers 810 x decliners 779 (unch. 133), New highs 22 x new lows 16
Jasdaq: +9.87 (+0.5%) to 1,884.55
Yen: flat against US$ last around 116.55 level late in Tokyo, slightly weaker against euro to 164.40-45 level
Notes: The emerging stock indices MOTHERS and HERCULES extended their rally, +4.0% and +2.6%, respectively. The A/D line for the Nikkei 225 is back over 100. A Kabushiki Shimbun market news report cites a U.S. brokerage who says Asia money is flowing into bank stocks and blue chips, while Western (US, EU) money is flowing into the small caps, explaining the recent strength in these segments. The Tokyo Stock Exchange is closed Monday, Oct. 8, for Health-Sports Day.

Tags: Market Summary

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