Nikkei edges down after sharp rallies, earthquake impact limited

jueves 14 de abril de 2016 22:34 GYT
 

* Investors eyeing status of companies operating in quake zone

* Nikkei has gained 6.6 pct for the week

* Foreigners net buyers of Japan stocks for 1st time in 14 weeks

By Ayai Tomisawa

TOKYO, April 15 (Reuters) - Profit taking in most sectors forced Japan's Nikkei share average a little lower on Friday morning, after sharp rallies over the past few days.

The Nikkei retreated 0.3 percent to 16,861.77 in midmorning trade, after soaring 3.2 percent on Thursday to its highest level in more than two weeks.

In the past three days, the Nikkei added 7.3 percent, or 1,159 points. For the week, the index has risen 6.6 percent.

Stock market participants saw a limited impact from a strong earthquake hit southwestern Japan on Thursday, but they said they will keep an eye on companies which have plants in the region.

Honda Motor Co suspended output at its motorcycle factory near Kumamoto following the quake, a company spokesman said. The stock barely moved, and stood 0.3 percent down.   Continuación...