Friday, April 15, 2011

Nikkei inches lower, energy stocks recoup losses

TOKYO: Japan's Nikkei stock average opened lower on Friday and is expected to round off a week of thin choppy trade inside the tight range that has confined it since the start of the month, with resource and energy shares bouncing back after oil prices gained the day before.

Resource-related companies such as Inpex Corp, Japan's largest oil and gas developer, rose in line with gains in commodity and oil prices as a weaker dollar offset worries that surging prices would erode demand.

Japan's benchmark Nikkei average opened down 0.1 percent at 9,646.22 on Friday, while the broader Topix shed 0.1 percent to 845.52. ' Reuters

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