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Friday April 13, 2012 - www.knowledgetoactionnews.com - Established 2004
Nikkei finishes positively despite China concerns
The benchmark index ended the day on 9,637.99, growing by 1.19 per cent as gains on Wall Street improved the mood among Japanese investors.
People learning how to trade may have noticed the impact of weakening Chinese growth on the Nikkei today (April 13th), as the negative data weighed on a largely positive day of trading.Trading was also buoyed by the suggestion that a potential launch of a ballistic missile test from North Korea ended in failure.
However, news that Chinese economic growth slowed to 8.1 per cent in the first quarter weighed on the largely positive sentiment.
"The China figure trimmed Nikkei gains, but the weak data does raise expectations for stimulus and policy easing," Masayuki Doshida, senior market analyst at Rakuten Securities, told Reuters.
Share values also improved in Hong Kong, with the Hang Seng index enjoying growth of 1.6 per cent as investors focused on improved bank lending rather than the Chinese slowdown.
Posted by Greg Secker
- Knowledge to Action News13-04-2012
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