Tough Monday for the Nikkei

March 5, 2007
By Ken Worsley

It’s looking like it might be another tough week down at the Tokyo Stock Exchange. The Nikkei index slipped 5.3% last week, alongside the worldwide equity selloff prompted by the nosedive in Chinese stocks.

Bloomberg is reporting that Chicago futures contracts on the Nikkei are down to 16,865; As of 3pm, The Nikkei itself is down 575.68 points, to 16,642.25.

In a move that further seemed to spook investors, the yen suddenly made large gains against the dollar, moving to about 115.68, up almost 6 full points since February 23.

Filed Under Nikkei, Stocks