Nikkei ends flat as financiers take revenues, Nintendo poked lower

(.) Japan’s Nikkei share average
pared early gains and ended flat on Monday as investors took
earnings after a Wall Street-inspired increase. Hopes that the Bank of Japan will unveil more stimulus later on
this week also offered support to equities early in the
session.

The Nikkei stock index ended down 0.04 percent at
16,620.29, moving far from seven-week intraday highs touched on
Thursday recently. It had actually ended the morning session up 0.4
percent. Shares of Nintendo Co lost a few of their current
lustre, toppling by their daily trading limit after the company
stated smash-hit mobile video game Pokemon GO would have only a minimal
effect on its revenues.

The more comprehensive Topix slipped 0.2 percent to 1,325.36.

The JPX-Nikkei Index 400 eked out a 0.1 percent
gain to 11,921.16. ($ 1 = 106.5200 yen).

( By Tokyo markets team; Editing by Kim Coghill).

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *