Nikkei falls after China move

Posted by 7Star Thursday, January 14, 2010

The Nikkei stock average fell 1.3 percent on Wednesday on a strong yen and selling of recent big gainers, while resource shares dropped after China tightened monetary conditions, sparking fear of slower demand. China surprised world markets by raising banks' reserve requirements, with an eye towards reining in surging asset prices.

0 comments

Post a Comment

Labels

Followers

Archive

BlogCatalog