Nikkei:9,889.72 (–84.75) Hang Seng:21,902.40 (+97.65) Shanghai Comp:2,796.98 (–19.71)
JAPANESE EXPORTERS’ shares came under pressure as the yen climbed back towards a four-month high against the dollar yesterday amid concerns about the sovereign debt situations in the US and Europe.
Canon, which gets more than three-quarters of its revenues from abroad, fell 2.8 per cent to ¥3,680 and Honda Motor shed 2 per cent to ¥3,145.
Banks retreated in line with US and European peers’ losses. Mitsubishi UFJ fell 2.5 per cent to ¥383 and Mizuho Financial shed 2.3 per cent to ¥126.
Kansai Electric slid 3.3 per cent to ¥1,393 after closing down one of its nuclear reactors due to a malfunction.
Hong Kong was lifted by a rally for resources stocks. Cnooc rose 0.9 per cent to HK$18.06.
Li Fung, which supplies goods to retailers including Target and Wal-Mart, fell 3.6 per cent to HK$13.48.
Shanghai was weakened by fresh concerns over bank fundraising. China Merchants Bank fell 1.4 per cent to Rmb12.80. China Construction Bank shed 0.4 per cent to Rmb4.88. – (Copyright The Financial Times Limited 2011)
