Japan Nikkei closes 1.13 pct lower

Nikkei fell sharply Friday amid disappointment over the European Central Bank’s measures to tackle the eurozone debt crisis.

The 225-issue Nikkei Stock Average ended down 98.07 points, or 1.13 percent, from Thursday at 8,555.11. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 9. 04 points, or 1.23 percent, lower at 723.94.

Losers included the sea transport, iron and steel and pulp and paper sectors. Gainers included the oil and coal products, electricity and gas and mining sectors.

The turnover was about 943.1 billion yen (about 12.06 billion U. S.dollars).

via Xinhua

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza