Business Standard

Nikkei hits 1-1/2-week low after disappointing Chinese data

Chinese output, retail sales data came in below expectations

Reuters Tokyo

Japan's Nikkei share average edged down to a 1-1/2-week low on Thursday, erasing earlier gains after weaker-than-expected Chinese output and retail sales data disappointed the market.

The Nikkei ended down 0.1% at 14,815.98, the lowest closing level since March 4. It had risen as high as 14,919.84 earlier following strong Japanese machinery orders data.

The broader Topix index shed 0.3% to 1,203.46.

The JPX-Nikkei Index 400, a gauge comprising firms with high return on equity and strong corporate governance, dropped 0.3% to 10,885.43.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 13 2014 | 1:48 PM IST

Explore News