Tokyo stocks ended almost unchanged
June 24, 2010 – 4:10 amTokyo stocks ended almost in balance Thursday after a roller-coaster session, investors seemed cautious comments shared between the U.S. Federal Reserve on the economy and support the core values of the change Prime Minister of Australia.
The Nikkei gained 4.64 points to 9928.34 while the broader TOPIX, sold 1.07 point (-0.12%) to 879.77.
In the red at the opening, the Tokyo Stock Exchange then turned slightly upward, the trend reversed after having a rebound in the Nikkei on the support of 9,800 points moving average of 25 sessions.
The key index of the Japanese market had yielded about 3% on the previous two sessions, the euphoria of Chinese listings on the flexibility of yuan having blurred.
"The market has some support with the rise in the rest of Asia and the general atmosphere is not bad even though the dollar is below 90 yen," said Hiroaki Osakabe, manager of Chibagin Asset Management.
"But for the Nikkei rose really, should both the euro and the dollar appreciate."
Among the values most surrounded Thursday, Softbank gained 2.79% after the launch of the iPhone 4 Apple, whose operator is the exclusive distributor in the archipelago.
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