Nikkei edges down as soft US data dent exporters

lunes 28 de marzo de 2016 23:04 GYT
 

* Weak U.S. data take toll on exporters

* Automakers hardest hit, led by Nissan Motor and Toyota Motor

* Some traders suspect the market has bottomed out for now

By Joshua Hunt

TOKYO, March 29 (Reuters) - Japanese stocks edged down on Tuesday morning as weak data from the United States took some of the shine off recent evidence suggesting a reasonably healthy pulse in the world's biggest economy - Japan's major export market.

The Nikkei share average declined 0.2 percent to end the morning session at 17,106.54.

The smaller fall in the market was taken by some as a sign that the market may have bottomed out for now.

"The selling that we're seeing this morning has been pretty tepid," said Nicholas Smith, a strategist at CLSA.

"I think we're pretty much done with the serious downward pressure we've seen and it would be a fairly dangerous time to be short on the market with so many Japanese companies poised to announce share buybacks."   Continuación...