midmorning trading: On Wednesday, the key market gauge fell 15.23 points, according to The Japan Times. The Topix index of all first-section issues ended down 3.68 points, or 0.23 percent, at 1,588.09, after shedding 1.74 points the previous day. The 225-issue Nikkei average retreated 51.70 points, or 0.26 percent, to finish at 19,831.82. Selling took the upper hand from the beginning of Thursday's trading after the dollar fell below 109 for the first time in some two months in overseas trading overnight due to dismal U.S. economic indicators. But the rally was short-lived, with the renewed selling pressure forcing the Nikkei average to give up over 120 points in midmorning trading. The market popped into positive territory in early morning trading thanks to gains in some domestic demand-oriented names.
(news.financializer.com). As
reported in the news.
Tagged under midmorning trading, market gauge topics.