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Japan stocks edge lower, ending winning streak Fame it!
Posted on May 16 2008 4:22 AM by adeal
Filed Under: Daily News , Employees ,

Tokyo stocks edged lower Friday after a four-day winning streak as investors sold recent gainers such as precision equipment and electronics makers. The Nikkei fell 0.2 percent to 14,219.48, after rising more than 4 percent in the previous four sessions. The Topix index of all the Tokyo Stock Exchange First Section issues rose 0.2 percent to 1,395.87. "Although investors are expected to chase the market higher in the near future," the market is still not on a firm upward trend, said Seiichiro Iwasawa, chief strategist at Nomura Securities. "It is not rising yet."



Full story: chron.com
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