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Reply #43: Nikkei slips from 4-wk high on pre-settlement profit-taking [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-08-11 08:48 AM
Response to Reply #25
43. Nikkei slips from 4-wk high on pre-settlement profit-taking

TOKYO, Dec 8 (Reuters) - The Nikkei average slipped
from a four-week high on Thursday on profit-taking ahead of the
settlement of a futures contract and as market players turned
cautious ahead of key events in Europe.

Shares of Tokyo Electric Power Co tumbled after a
report that the government will inject at least 1 trillion yen
($13 billion) in a de facto temporary nationalisation of the
operator of the crippled Fukushima Daiichi nuclear plant.

Weaker-than-expected machinery orders data also weighed on
the market, driving down shares of machine makers such as

In Europe, a senior German official gave a downbeat
assessment of prospects for agreement at an EU summit on Friday,
causing investors to roll back expectations for progress in
Europe's efforts to contain its debt crisis.
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