Nikkei edges down in choppy trade; weak yen limits decline

By

Japan's Nikkei share average edged down on Friday in choppy trade, but declines were limited as the mood was supported after the dollar rose to a six-year high against the yen following the European Central Bank's monetary easing steps.

The Nikkei dropped 0.1 percent to 15,668.68, closeto a seven-month high of 15,829.38 hit on Wednesday. For the week, the index rose 1.6 percent.

The broader Topix declined 0.3 percent to 1,293.21,and the new JPX-Nikkei Index 400 shed 0.3 percent to11,732.03.

The ECB cut interest rates to fresh record lows and announced plans to buy asset-backed securities (ABS) and covered bonds in October.

Tags
Nikkei, European Central Bank

© Reuters All rights reserved.

Join the Conversation

Real Time Analytics