Nikkei falls on Wall St, strong yen; China survey further chills mood

lunes 29 de febrero de 2016 22:13 GYT
 

* Nikkei expected to trade 15,630-16,500 this week - analyst

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By Ayai Tomisawa

TOKYO, March 1 (Reuters) - Japan's Nikkei share average fell on Tuesday morning tracking Wall Street and hit by concerns about the strong yen, with investor sentiment further soured by a weak Chinese manufacturing survey.

The Nikkei shed 0.9 percent at 15,881.44 in midmorning trade, after dropping 1.0 percent on Monday.

The dollar fetched 112.34 yen, erasing Friday's 0.9 percent gain and hitting exporters. Toyota Motor Corp and Nissan Motor Co both fell 1.1 percent, while Advantest Corp dropped 1.4 percent.

"Investor sentiment overall is sour now. The Japanese market this week is going to depend on external factors and overseas economic data again," said Hikaru Sato, a senior technical analyst at Daiwa Securities, citing indicators such as the China's PMI survey just published, U.S. manufacturing data and U.S. jobs data due out later this week.

Sato said that the Nikkei will likely stay in a wide range of 15,630-16,500 this week.   Continuación...