Tuesday, October 5, 2010

Nikkei hits 3-week low, market focus on BOJ, yen

TOKYO: Japan's Nikkei edged down to its lowest in three weeks on Tuesday, Oct 5, pressured by falls on Wall Street, with eyes on the outcome of the Bank of Japan's policy-setting meeting that ends later in the day and the reaction in currency markets.

The benchmark Nikkei slipped 0.5 percent to 9,337.64, after falling as low as 9,332.19, its lowest since Sept. 15.

The broader Topix dipped 0.3 percent to 820.12.

In Seoul, shares opened lower on Tuesday after falls on Wall Street and following a 28-'' month closing high in the previous session.

Losses were led by key blue chips such as Samsung Electronics Co Ltd, the world's No.1 memory chip maker, which declined 0.8 percent.

The Korea Composite Stock Price Index (KOSPI) was down 0.18 percent at 1,875.86 points as of 0004 GMT. - Reuters


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