News and Reviews Asian Economic Zone

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hang Seng closed down, The exits to 19 960 range's Point

Friday, May 11, 2012

 

Hong Kong today (11/5) closed lower and deeper and deeper down to the range of 19 960's level basis points. The weakening of the exchange caused by the strong wave of negative sentiment coming from the still high inflation rate and also concerns about the economy in Europe.

 

Hang Seng Index ended down 1.3% to 19964.63 basis points. While index futures declined by 218 basis points to 19 743 points with the support level of 19 896 points and resistant level at 20 185 points.

 

Stocks that declined include Chalco shares are down 0.3% to EUR 3.36, shares of Bank of China fell 0.99% to 3 USD and ICBC shares fell 1.41% to 4.89 HKD.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China cut the Reserve Requirement Ratio by 50bps

Monday, 14 May 2012 12:36

 

China has cut the RRR (Reserve Requirement Ratio) by 50bps in their efforts to improve its economy. This is the third time the central bank has made strides in the past six months. PBOC (People's Bank of China) doing is following the recent economic data indicates that China's economy slows. In April industrial output growth slowed to 9.3% - the slowest rate since 2009. People's Bank of China said the bank would have to hold half a percentage point less in reserve. For the nation's largest lender it means they must hold 20% of their assets in cash reserves. This move should free up banks to lend billions of yuan. China's economy has slowed down for over a year. In the first quarter of 2012 grew 8.1% compared with 8.9% in the fourth quarter 2011.Sementara it, China has agreed to start negotiations for free trade agreements with Japan and Korea Selatan.Perjanjian came at a summit in Beijing.

[mynameisandhy]

News and Economic Review Zone Asia (Korea)

 

Seoul shares closed below the 1900 level

Tuesday, May 15, 2012

 

Seoul shares closed down after falling in five sessions today to below the 1900 level. concerns about the euro zone make it difficult KOSPI moves up.

 

KOSPI fell 0.77 per cent, at 1989.96. Although down, KOSPI managed to get out of its lowest point in the session at 1881.8 level. KOSPI fell into the range below 1900 for the first time since mid-January.

 

Institutional investors to sell shares some 17.9 billion won today. while foreign investors sold 168.5 billion won.

 

Perusahaam oil stocks fell after oil prices slumped to its lowest range in the last three months due to fears of weakening economic growth in Greece and China.

 

SK Innovation, the largest oil company in South Korea, down 2.8 percent. GS Holdings, the third largest oil company in South Korea fell 3 percent.

 

STX Pan Ocean shares fell 6.5 percent due to media reports which said that the company which holds shares of STX Pan Ocean, STX Corp., will menjjual non-profit shares in Pan Ocean.

 

But the company's shares have risen some. KT & G, tobacco operating company, rose 1.2 percent. food maker Orion Corp also rose 1.9 percent.

 

KOSPI 200 Index closed down 0.7 percent. while the KOSDAQ fell 1.6 percent.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hang Seng is successfully overcome concerns Greece and closed flagging

Wednesday, May 16, 2012

 

Hong Kong fell to its lowest point during the four months after a Chinese media said that the development of bank lending in China flat on the first two weeks of this month. flatness of the number of borrowers in the fourth largest bank in China to make China's economy growing fears of outbreak.

 

Hang Seng closed down 3.19 percent to 19259.83. China Enterprises Index in Hong Kong closed down 3.4 percent to 9471.97.

 

CSI 300 Index closed down 1.63 percent to 2574.65 due to the small number of new loans in Chinese banks.

 

Greece in the form of government failure to make Hong Kong suffered its worst daily decline in six months. hang time to put an end yesterday zinc reduction that occurs daily for eight consecutive days. But this morning at the opening of the Hang Seng dropped it three times that of its gains yesterday.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China to increase exchanges best

Thursday, May 17, 2012

 

Exchanges with China climbed to the highest rise in the last two weeks on speculation that the government will make policies to resist loosening of the economic downturn.

 

Suning Appliace Co., the largest household appliance retailer in China and a washing machine manufacturer Hefei Rongshida Sanyo Electric Co. rose 1.7 percent after the government said it would increase the subsidy for household appliances energy efficient. Citic Securities Co. and GF Securities Co into shares of financial companies led the rise today.

 

Shanghai Composite Index rose for the first time in five days and rose 1.4 percent to 2378.89, its biggest increase since May 2. CSI 300 Index rose 1.5 percent to 2378.89 at the close today. increase is also the best rise since May 2.

 

Shanghai Composite gained 8.2 percent this year on speculation that China's central bank will loosen policy. Suning Appliance rose 1.8 percent to 9.87 yuan. Hefei Rongshida rose 7.8 percent to 9.17 yuan. GD Midea Holding Co rose 1.8 percent to 13.89 yuan.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hang Seng Session I Weakens Over 2%

Friday, May 18, 2012

 

In the first session of trading today (18/05/12) Hong Kong recorded a weakening again. Apparently positive trend can not be happening in the movement of the stock is still filled with the negative sentiment of Europe and drop in U.S. manufacturing index data released overnight.

 

Hang Seng Index fell for the first session of 2.02% to 18436.85 basis points. While index futures declined by 435 basis points to 18 440 points with the support level of 18 836 points and resistant level at 18 501 points.

 

Stocks are declining dintaranya CCB shares weakened 3.07% to 5.37 HKD, China Coal shares fell 2.26% to HKD 9.95 and Chalco shares fell 5.87% to 3.69 HKD.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BOJ immediately intervene, yen, sluggish

Monday, May 21, 2012

 

The yen weakened compared to other currencies on speculation the Bank of Japan will add stimulus funding this week to supporting economic growth and weaken the Japanese yen.

 

The yen fell from last week's gains against the dollar before a report showed Japan's trade deficit for two consecutive months. The demand for euro is limited by the data that are expected to show consumer confidence in Europe down to the lowest level in four months. European crisis looked even worse. While the dollar index fell during the last two days as the strengthening of Asian stocks.

 

The yen weakened 0.2 percent to 79.15 per dollar, after rising 1.2 percent in the five days ended May 18 last. yen fell 0.3 percent to 101.31 per euro. The euro was at 1.2801 per U.S. dollar.

 

BOJ will conduct a two-day meeting which starts tomorrow. BOJ will extend the purchase of assets that have been conducted in February and April. last week, two operation purchase of bonds failed to attract the attention of investors.

 

Throughout the year, the yen fell 2.1 percent, as well as a worst-performing currency after the krona and the Australian dollar. The dollar rose 1.1 percent and the euro fell 0.3 percent in the same period.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

'Bargain-hunting' Brighten Nikkei, Sluggish prospects

Tuesday, May 22, 2012

 

End the trading day Tuesday (22/5), Japan's Nikkei index (futures) closed by 1:28% surge because many investors are hunting for cheap stocks to buy (bargain hunting) after a sharp sell-off action last week.

 

The Nikkei (SSIamM2) ended the first session with a rebound as much as +110 points to level 8735. Tokyo tech stocks following the strengthening of the technology sector in AA, with Advantest Corp rose 3%, rising 1.4% Sharp Corp. and Panasonic Corp. also gained 1.3%. Renesas Electronic Corp shares. jumped 7.4% as the company's plan to raise capital through a share placement of capital.

 

As for the Tokyo auto companies such as Mazda Motor Corp. rose 3.8%, while Nissan Motor Co. increased 2.8%. While the Japanese utility stocks traded varied, after a plan to raise the cost of burning electricity usage to prevent power shortages this summer, following the closure of the nuclear power plants. Tokyo Electric Power Co. up 6.8%, while the Kansai Electric Power slid 0.7%, Japan Petroleum Exploration Co. jumped 3.3%, Inpex climbed 2.8%.

 

The technical indicators such as Stochastic, MACD and Moving Average (PG-13, MA-26) was confirmed downtrend. So great is the pressure drop, allowing the Nikkei continued its decline into 8400 strong support for the long term. As for the level of the Nikkei newspaper will be faced with the first support at 8700 and 8670 and 8640.

 

While the prisoners broke through resistance after 8725 which is a crucial point of the Nikkei index will likely be taken to the next level 8740 and then 8770 until 8800.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BOJ's decision reinforced the yen

Wednesday, May 23, 2012

 

The yen strengthened against the dollar today after Bank of Japan because it does not spend stimulus funds. At the same time, the euro slipped ahead of the EU meeting in Brussels today.

 

The Bank of Japan left its interest rates are not corrected, as previously thought. BOJ decided to maintain its asset sales program between the political pressure to mematasi deflation.

 

After the announcement of the BoJ, the yen immediately shot. The U.S. dollar fell against the yen to 79.62 yen from 79.82 yen. While the euro was at 1.2673 per dollar, down from its close yesterday at the American UTRA in the range of 1.2688 per U.S. dollar.

 

The euro continued to be under pressure ahead of EU Summit today. EU leaders are expected to issue a new step in the response to the crisis.

 

The dollar index, which is the dollar value of the comparison between the six other currencies, down from 81.674 to 81.674.

[mynameisandhy]

News and Economic Review Zone Asia (South Korea)

 

KOSPI closed up in the anxiety of Europe

Thursday, May 24, 2012

 

Seoul shares closed up today as some investors are in a position sidelines, waiting for a reaction from the Greek. While foreign investors seem excited after rising for 17 consecutive sessions.

 

KOSPI rose 0.32 percent to close at 1814.47. Throughout this month, the KOSPI fell 8.5 percent due to fears of political uncertainty and economic conditions in Greece. In addition, Spanish banks are also still leaves doubt.

 

Daelim Industrial was up 1.7 percent after they memangkan housing contract in Vietnam for 776 million dollars with their partner Sojitz Corp. of Germany.

 

Shares in Hanwha Corp announced a profit of 4 percent after they are up in the first quarter. Hanwha Engineering & Construction Corp. won a housing construction projects in Iraq worth $ 8 billion.

 

KOSPI 200 Index rose 0.31 percent. KOSDAQ fell 0.04 percent.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hang Seng closed Rises, The impact of rise in U.S. stocks overnight

Friday, May 25, 2012

 

Hong Kong stock exchange for trading today (25/5) closed up. Although not very significant, positive movement of the stock today managed to break the negative trends that take place until yesterday. Strengthening exchanges caused by the induced rise in U.S. stocks overnight.

 

Hang Seng Index closed up by 0.53% to 18764.82 basis points. While index futures has increased by 112 basis points to 18 548 points with the support level of 18 437 points and resistant level of 18 732 points.

 

The shares of which increase the stock is HSBC Holdings rose 0.88% to 62.7 HKD, Hutchison shares rose 0.83% to HKD 66.55 and Cheung Kong shares rose 0.38% to JPY 91.5.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Nikkei Rises But Still Vulnerable Correction

Monday, May 28, 2012

 

After the initial trade had increased, the Japanese stock market for today (28/5) recorded an increase. Although the banking sector stocks back pressure after the Bank of Japan will re-issue related to the potential for policy stimulus to the Japanese private banks.

 

Nikkei index increased by 0.2% to 8593.15 basis points. While index futures experienced a flat on the level of 8600 basis points, with the support level of 8480 points and resistant level of 8664 points. The broader Topix index fell 0.1% to 721.11 basis points.

 

The shares of which rose is a rose Furukawa shares 3.1% to 66 yen, NEC shares rose 9.2% to 108 yen and Electonics Renesas shares rose 11% to 244 yen.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

China encourage domestic consumption, the Nikkei rose behind

Tuesday, May 29, 2012

 

Japanese stocks reverse losses after China introduced a policy to encourage consumption, it does reduce concerns over Europe's debt crisis is likely to worsen with the Spanish who tried to save Bankia.

 

Nikkei 225 rose 0.2% to 8611.65 at the close of Tokyo in the same trade volume with an average of 30 day. While the Topix rose 0.3% to 723.39, 0.8% offset earlier weakness.

 

Komatsu Ltd. manufacturers of construction machinery that 14% of its sales in China rose 2.8%. Nippon Yusen KK, Japan's largest shipping company by sales rose 4.9% setleah its stock rating raised to 'outperform'oleh Credit Suisse Group AG. Konica Minolta Holdings Inc., A manufacturer of photographic film that relies on Europe for sales, down 1.4%.

 

The Chinese government has approved measures of financial incentives for consumers who want to sell cars mark to increase demand. China's Ministry of Finance also reported to be allocated 2 billion yuan ($ 317 million) each year to encourage the purchase of energy efficient cars

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Nikkei Weakens, Distressed Credit Rating Speculation reduction Spain

Wednesday, May 30, 2012

 

Japanese stock market for trading today (30/5) recorded a decline in late trading. Japanese stocks again pressured by worries about Spain's credit rating that is predicted to decline. While China is predicted to have no plans to disburse the economic stimulus package at this time.

 

Nikkei index decreased by 0.3% to 8633.19 basis points. While index futures declined by 63 points to 8545 basis points, with the support level of 8513 points and resistant level of 8674 points. The broader Topix index fell by 0.5% to 723.62 basis points.

 

The shares, which fell among stocks is Nintendo who fell by 2.4% to 9010 yen, Ricoh Co. shares fell 3.6% to 595 yen and Fanuc shares fell 1.2% to 13 710 yen.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hang Seng Worst Performance Show 2012

Thursday, May 31, 2012

 

Since the Hang Seng index down eventually penetrate defenses 20.000, the main stock exchange of Hong Kong continues to lose the momentum of recovery.

 

Even the busiest markets in Asia this week had scored worst in the last eight months and seven-day losing streak incised. Poor performance of the Hang Seng was triggered by a weak line of data throughout the month of April which led to a sharp slowdown in the second largest country of the world, China.

 

China's economic unexpected decline in April due to lack of data output, falling retail sales and falling prices thus confirming the economy is being maneuvered down. Accumulation of negative sentiment makes the Hang Seng index continued pressure. The climax is today where the main stock indexes Hong Kong was forced to wipe out all gains earned during the year 2012 is due to the continuous concern of the European crisis and China's growth.

 

Throughout the month of May, the Hang Seng has dropped to 12.7%, and is the worst month of May during the last 14 years since 1998. This year's benchmark Hang Seng had pocketed the acquisition of gain by 18% up to a level of 21 760 on 20 February. But eventually collapsed due to continuous flagellation by the escalation of the crisis in the euro zone together with the worries about China's economy.

[mynameisandhy]

News and Economic Review Asia Zone

 

GLOBAL CRISIS: China Economic slowdown spread to Hong Kong

Friday, June 1, 2012

 

Slowing economic growth in China has been extended to Hong Kong, visible from the lowest growth in retail sales since 2009 there as visitors from mainland China began to reduce spending.

 

The Chinese government revealed that retail sales in the city grew 11.4% in April 2012 compared with same period last year.

 

Achievement is lower than the predictions of economists by Bloomberg diservei previously, namely 16.4%.

 

January and February when sales are soaring because the Chinese New Year holidays are not counted, the growth rate was the lowest since October 2009. According to the Economist of HSBC Holdings Plc. Donna Kwok, this is influenced by a slowdown in China.

 

"For one thing, the less spending lavishly from the mainland. Local households more cautious in spending money from goncangn financial markets in China, "said Kwok.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hang Seng fell to its lowest level in 2012

Monday, June 4, 2012

 

Negative U.S. economic data and China also affect Hong Kong. At the closing session of today (4/6), the Hang Seng index slid 2.4% to 18119.01, near its lowest close since December 20, 2011 last.

 

Large cap stocks hit by sell-off. Some of them namely: Techtronic Industries Co. which dropped 6%, Hengdeli Holdings Ltd fell 6.5%, and Lonking Holdings Ltd fell 8.2%.

 

"The current sentiment is negative for Hong Kong stock market. I was looking for some resolution of the world's major economies like U.S., China, and Europe. However, I did not find any. Neither side wants to repeat the event in 2008 set crises . However, if no one is acting, not the impossible we will experience it again, "said Jackson Wong, vice president of Tanrich Securities Co. in Hong Kong.

 

Additional information alone, the Hang Seng index in all of last week dropped back to fourth week. The trigger signal caused by the economic slowdown in China and the worsening crisis in Europe.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Domestic Japan Automotive Production in Danger

Tuesday, June 05, 2012

 

The Japanese automaker may not be able to maintain their domestic auto production but obstacles such as a stronger yen and Japan's high corporate tax rates down, said head of Toyota Motor Corp., Akio Toyoda, in a report. "If the yen remained at current levels for a long period, the manufacturing industry will begin to fall", said Toyoda - who is also chairman of the Japan Automobile Manufacturers Association - according to a report from Kyodo.

 

The domestic producers there trying to maintain current production levels in order to protect its workforce, along with pemindahaan production of millions of vehicles out of the country that will create thousands of auto industry workers lost their jobs, said Toyoda, according to a report from the Japan Times.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

U.S. Dollar pressured the yen, Japan's economy is estimated to Slows Slightly

Wednesday, June 6, 2012

 

On the movement of forex USD / JPY U.S. session tonight (6:06, 15:04 GMT), Japanese Yen generally indicate movement down against the U.S. dollar. After opening at 78.70 in early trading (00:00 GMT), the pressure of the U.S. dollar against the yen increased by about 41 pips or about 0.52% and at the rolling news was revealed to be monitored at 79.11.

 

Ahead of the report of a scheduled Cabinet Office will release the latest data on the composite index of leading economic indicators of Japan, Yen appears to move down. Some economists estimate that the indicator may show signs of Leading Indicators is less encouraging and could be expected to fall to 95.2% of the value in the previous period, namely 96.4%.

 

Japanese Yen tracked moves down to respond to these developments. Analyst Research Vibiz of Vibiz Consulting suggests that the normal range of movement of the USD / JPY today is expected to have a support level at around 78.14 and resistance level at around 79.11.

 

Meanwhile, another development shows the potential of the unfavorable development signaled a crisis in Europe in the near future. President of the European Central Bank (ECB) Mario Draghi on this night decided to still hold the benchmark interest rate at 1.0% but added that the ECB is ready to make the policy stimulus if needed. It is also interpreted that the ECB is still open space can be lowered interest rates in the future.

[mynameisandhy]

News and Economic Review Asia Zone

 

Rally in riskier assets, Asian stocks shot

Thursday, June 7, 2012

 

By late afternoon, the stock market remains vibrant Asia. At 15:26 pm Tokyo time, MSCI Asia Pacific Index rose 1.4% to 113.18. In each of the three stocks are up, there is one stock that fell.

 

Also influence the movement of a stock exchange in Asia. Some of them are: BHP Billiton Ltd. rose 1.5% in Sydney, Mitsubishi Corp rose 1.2% in Tokyo, and Komatsu Ltd. rose 2.1% in Tokyo.

 

The signal given to the world leaders poured stimulus in order to boost economic growth became one of the positive sentiment today. "Every time the central bank has promised, will inject more liquidity, then the risky assets began to rally. That's what happened today," said Arjuna Mahendran, head of Asia investment strategy for HSBC Private Bank.

 

Just added, the Nikkei 225 Stock Average rose 1.2%. Meanwhile, South Korea's Kospi index rose 2.6% and Hang Seng index rose 0.9%. The surge also occurred in the S & P / ASX 200 is up 1.3% Australia.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hang Seng slumped Today, prices slide 0.94%

Friday, June 8, 2012

 

Hong Kong stock exchange for trading today (8/6) closed lower. Negative movement continues to survive as the rampant selling of shares by the investors due to uncertainty about the U.S. economy and China within this year.

 

Hang Seng Index closed down 0.94% to 18502.34 basis points. While index futures weakened by 305 basis points to 18 348 points with the support level of 18 152 points and resistant level at 18 746 points.

 

Stocks that are declining include Li & Fung shares fell 2.58% to 14.36 HKD, Esprit Holdings shares fell 0.47% to HKD 12.62 and Sino Land shares fell 1.33% to 10.42 EUR .

[mynameisandhy]

News and Economic Review Zone Asia (Singapore)

 

Singapore's Exports Grow 3.2 Percent in May 2012

Monday, June 11, 2012

 

 

Singapore's export growth increased in May, triggered an increase in demand for electronics and pharmaceutical products.

Bloomberg reported on Monday (11/6), non-oil domestic exports rose 3.2 per cent of the island the previous year, following a 1.7 percent rise in April. Similarly, data from Singapore's trade promotion agency. This figure is according to a Bloomberg survey that the rise in Singapore's exports in May will be at a median of 3 percent.

 

However, in the next few months are concerned about slowing growth as the slowdown in the index of consumer purchases in China and South Korea, forcing the government to continue to evaluate the need for further stimulus measures.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

IMF: Yen Graded Too High

Tuesday, June 12, 2012

 

The International Monetary Fund (IMF) said the Japanese currency is overvalued and the central bank should consider further monetary stimulus. "The exchange rate has appreciated over the past year partly due to capital inflows safe-haven, and our analysis shows that the yen is overvalued from a medium term perspective," the IMF said. Interventions can be used against a volatile currency movements, David Lipton, principal deputy managing director of IMF, told reporters in Tokyo.

 

Investor concerns about Europe's debt crisis has triggered a 5% increase in the yen against the dollar since mid-March, threatening the country's exporters gain. Bank of Japan could increase asset purchases to help cope with more than a decade of deflation. "Asset purchase program could be expanded substantially beyond current plans to increase the likelihood of achieving the inflation objective of 1% at the end of 2014," the IMF said, referring to the BOJ's target price. "Given the importance of hope in an environment with low interest rates today, the announcement at the beginning of the easing of inflation expectations also increase."

 

The yen today fell to the range of 79.54 per dollar, reversing earlier gains after comments by the IMF. The Nikkei 225 Stock Average fell 0.9% because of soaring bond yields sparked fears that the Spanish national banking bailout can not tame the debt crisis of Europe.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hang Seng continue winning

Wednesday, June 13, 2012

 

Hong Kong stocks extend gains today (13/05) led by a rise in insurance companies and auto stocks. However, this increase was a little disturbed by jebloknya Esprit, the European retail company shares.

 

Hang Seng Index ended the session with a rise of 0.3 percent during while China Enterprises rose 0.6 percent.

 

Esprit Holdings dropped more than 21 percent, tertajamnya decline in 14 years after their CEO resigned. It is disturbing that the company plans restruktutisasi. Although it fell sharply, Esprit was still 42.7 per cent of the range of the lowest ever last diapainya in September 2011.

 

Besides jebloknya Esprit, the fear still haunts Europe also increase the Hang Seng. Investors seem to be very careful ahead of elections next June 17 Greece. Bailout funds given the EU to the Spanish banking sector failed to ease investor fears.

 

HSBC shines this afternoon. Goldman Sachs maintains rating "buy" to HSBC. While Standard Chatered got rating "neutral". Standard Chatered rose 1.6 percent but decreased to 2.6 percent this year.

 

Shanghai Composite rose 0.8 percent while the CSI 300 rose 1.2 percent with the help of insurance company shares. China Life, China's largest insurer by market value, rose 6.1 percent. China Ping An rose 5.8 percent CPIC temporarily rose 6.1 percent.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Nikkei Weakens, Fears Distressed by the Italian Credit Sector

Thursday, June 14, 2012

 

Japanese stock market for trading today (14/6) closed lower. After yesterday's rise was yesterday, the Japanese stock market dropped again due to the negative sentiment against the Italian credit sector is predicted to experience an alarming condition.

 

Nikkei index fell by 0.2% to 8568.8 basis points. While index futures declined by 12 points to 8550 basis points, with the support level of 8504 points and resistant level of 8594 points. The broader Topix index fell by 0.1% to 725.66 basis points.

 

Stocks that declined include Toyota stock is weakened by 1.2% to 3015 yen, Canon shares fell 0.2% to 3210 yen and Nippon Sheet Glass shares fell 1.3% to 78 yen.