Nikkei down after Wall St falls on weak earnings



* Nikkei expected to move between 16,500-17,500 for next few weeks - analyst
* Defensive stocks outperform
By Ayai Tomisawa
TOKYO, Oct 12 Japanese stocks dropped on Wednesday morning, retreating from a five-week high after Wall Street was hit by weak corporate earnings overnight and as investors braced for Japan Inc.'s reporting season.
The benchmark Nikkei share average fell 0.8 percent to 16,895.42 in midmorning trade, after ending at a level not seen since early September on the previous day.
U.S. shares fell after Alcoa missed its quarterly estimates and cut its revenue forecast.... read more

 
12 October 2016 in World News, Views: 51
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31