Nikkei up 0.2 per cent
Tokyo,
Oct
25:
Japan's
Nikkei
average
crept
up
0.2
percent
on
Thursday,
after
Wall
Street
ended
the
session
with
only
a
small
decline
despite
a
big
loss
reported
by
Merrill
Lynch.
Still, the upside was heavy as a stronger yen against the dollar put pressure on exporters like Canon Inc Bank shares were also sold after Merrill, the world's largest brokerage, reported a $2.3 billion loss and write-downs of $7.9 billion for bad bets on mortgages and leveraged loans.
The benchmark Nikkei ended the morning session up 34.75 points at 16,393.14. The broader TOPIX index was down 0.3 percent at 1,558.68.
Reuters
>
Story first published: Thursday, October 25, 2007, 10:16 [IST]