Nikkei up in choppy trade, sentiment fragile despite China policy easings

martes 25 de agosto de 2015 22:56 GYT

* Nikkei dropped 13.6 percent over the past 6 days

* Volatility may persist for a while - traders

* Global macro funds' futures selling eyed - analyst

By Ayai Tomisawa

TOKYO, Aug 26 (Reuters) - Japanese stocks bounced slightly in another volatile session on Wednesday morning, but sentiment remained fragile despite aggressive policy easings by Beijing as a collapse in Chinese stocks threatened to wreak havoc on a stumbling economy.

The Nikkei was up 0.4 percent to 17,877.55 in mid-morning trade after moving in and out of negative territory in early trade.

The benchmark fell 13.6 percent, or 2,813 points, in the six sessions through Tuesday, and a move below 17,450 levels would wipe out all of its gains made this year.

On Tuesday, the People's Bank of China cut interest rates and lowered the amount of reserves banks must hold for the second time in two months, ratcheting up support for a stumbling economy and a plunging stock market.

Beijing's easing steps failed to stem the rout in Chinese shares, which were down sharply on Wednesday morning after several brief forays into positive territory.   Continuación...