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Unread 12-17-2010, 07:45 AM
gnutrade.satya gnutrade.satya is offline
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Smile Japanese market Nikkei saw a flat day

Japanese market especially the Nikkei saw a flat day as optimism over the dollar's rise high against the yen the previous day was offset by worries over euro zone debt and overheating in the market.
The Nikkei was seen dull as domestic investors aggressively took profits on its rally of around 12 percent since the beginning of November, while foreign investors continued buying financial shares seen as undervalued.
Mattia Ciancaleoni, director of equity sales at Citigroup Global Markets Japan said: "Recent selling in bonds is suggesting a shift to the equities market from bonds. There is a sign of recovery in the market, so I don't think investors want to take huge vacations to miss more positive signs like that in the next few weeks."
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