Skip to main content

Posts

Showing posts with the label 2 April

Asian Markets at Close Report, 2 April, 2013.: Strong yen weighs on Japan stocks

By John Phillips, Wei-Zhe Tan and Lillian Ying  Asian stocks generally fell on Tuesday, as a stronger yen weighed on the Japanese market, while the Reserve Bank of Australia’s decision to keep interest rates unchanged lifted the Sydney market.   Japan’s Nikkei Stock Average lost 1.1% after dropping by as much as 2.7% in early trading, falling to its lowest level since March 6 amid a stronger yen. Best of MarketWatch Here's the one other story that  you can't afford to miss today “The selloff is more due to the strong yen than an overheated market per se,” said Tatsunori Kawai, Chief Strategist at kabu.com. “Heading into] earnings reporting season [for the fiscal year that ended March 31, investors are looking for the dollar to hold around at least the 95-yen mark. The Nikkei could keep correcting to the 11,300 level within the month if t