: A worse-than-expected Chinese economic indicator released late the previous week triggered the global equity rout early in the week, according to The Japan Times. The Nikkei average fell below 18,000 for the first time in six months on Tuesday, extending its losing streak to a sixth day, the longest since Prime Minister Shinzo Abe returned to office with the reflationary policy package known as Abenomics. The benchmark 225-issue Nikkei average finished the week at 19,136.32, down 299.51 points, or 1.54 percent, from a week before, after wild swings that gave the indicator this year biggest fall and rise. Tokyo stocks switched to a rally from Wednesday after China showed its determination on Tuesday to prevent the country economy from weakening by announcing measures such as an interest rate cut by the People Bank of China. Even though the latest global sell-offs seem to be over, at least for now, analysts cannot be confident of a full-fledged recovery in Japanese stocks amid uncertainty over the timing of an interest hike by the U.S. Federal Reserve. Rebounds in European and U.S. stocks helped to push up the Tokyo market late in the week.
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