The Nikkei climbed 1.5% to 10230, led by exporters, as investors cheered the approval of Japan’s new prime minister, Shinzo Abe. Abe has called for a more aggressive monetary policy by the Bank of Japan. The Shanghai Composite rose for a 3rd straight day to 2219, gaining 5.5 points. Markets in Australia and Hong Kong were closed for Christmas celebrations.
US indexes slipped, amid light trading volume. The Dow fell 24 points to 13115, while the S&P 500 skidded .5% to 1420.
US stocks traded lower, following reports of weak holiday sales. The Dow dropped 24 points to 13115, while the Nasdaq fell .7% to 2990.
Research in Motion (RIMM) surged 11.5% to 11.82, bouncing back from its recent tumble. Pictures of the upcoming Blackberry 10 made their rounds on the internet, scheduled to be released in late January
Retailer brands came under pressure, as Amazon (AMZN) fell 3.9%, Apple (AAPL) shed 1.4%, and Coach (COH) tanked 5.9%.
Currencies
The yen sank .9% to 85.63 against the dollar, while the euro rose .3% to 1.3226. The pound, and Australian dollar ended little changed.
Economic Outlook
The Case Shiller home price index rose by 4.3%, exceeding forecasts, while the Richmond manufacturing index unexpectedly fell to 5 from 9.
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Yen Skids, Energy Rallies
Published 12/27/2012, 04:21 AM
Updated 05/14/2017, 06:45 AM
Yen Skids, Energy Rallies
Equities
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