Tokyo stocks inch down on a mixed economic outlook

By DPA,

Tokyo : A mixed economic outlook ranging from signs of a gradual global recovery and positive US economic data as well as fears of an overheating market sent stocks in Tokyo down but kept them virtually flat in Friday morning trading.


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The benchmark Nikkei 225 Stock Average fell 10.43 points, or 0.1 percent, to trade at 10,300.86 while the broader Topix index was down 0.54 points, or 0.06 percent, to 903.3.

Banks rose after an investment company recommended buying their stock while commodities traders fell along with the prices of oil and metal.

On currency markets at 9 a.m. (0000 GMT), the dollar traded at 84.05-07 yen, down from Thursday’s 5 p.m. quote of 84.23-24 yen.

The euro traded at $1.3239-42, up slightly from $1.3236-37 Thursday, and at 111.28-35 yen, down from 111.49-53 yen.

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