“Japanese stocks swung between gains and losses as trading companies and exporters retreated after reports signaled economic growth is slowing in the U.S. and Europe, while shipping lines advanced on higher cargo rates.
Mitsubishi Corp. (8058), Japan’s largest commodities trader, retreated 0.5 percent. Toyota Motor Corp. (7203), the world’s largest carmaker, lost 0.9 percent. Nippon Yusen K.K., the country’s biggest shipping line by sales, climbed 2.4 percent.
Nikkei 225 Stock Average was little changed at 9,467.48 as of 9:30 a.m. in Tokyo after falling as much as 0.6 percent. The broader Topix index slid 0.1 percent to 816.69 with about the same number of stocks retreating and advancing.”
If you enjoy the content at iBankCoin, please follow us on Twitter
