market gauge: On Thursday, the key market gauge shed 154.26 points, according to The Japan Times. The Topix index of all first-section issues ended down 14.99 points, or 0.98 percent, at 1,512.60, after losing 14.48 points the previous day. The 225-issue Nikkei average lost 153.96 points, or 0.81 percent, to close at 18,909.26, the lowest finish since Feb. 9. Tokyo stocks got off to a firmer start thanks to the yen's depreciation versus the dollar after the U.S. government announced Thursday an upward revision to gross domestic product data for October-December. However, stocks erased earlier gains in the afternoon and sank deeper into negative territory toward the close, weighed down by selling to adjust positions prior to the weekend, brokers said. Investors also took heart from brisk U.S. stocks on Thursday, with the tech-heavy Nasdaq composite index hitting a record closing high for the first time in about one month.
(news.financializer.com). As
reported in the news.
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