Friday 5 June 2015

Asian Market Update

Nikkei sags 0.4 percent
Japan's Nikkei 225 index nudged down, as the dollar-yen made muted moves to trade around 124.47.
Export-oriented plays fell into the red, with the currency providing little upward momentum. Sony led losses among blue chips, with a slump of 1.2 percent. Toyota Motor and Mitsubishi Electric eased 0.6 percent each, while Toshiba inched down 0.2 percent. Banking counters also came under selling pressure after Thursday's upswing; Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group opened down more than 1 percent each, while Mizuho Financial Group lost 0.8 percent.

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