Nikkei Closes Flat, Investors Wary of Greece

Reuters

Reuters – By Sophie Knight – June 15, 2012

TOKYO, June 15 (Reuters) – Japan’s Nikkei share average ended flat on Friday as a risk-off atmosphere pervaded ahead of a pivotal election in Greece at the weekend, but losses were tempered by an overnight report that central banks were prepared to offset potential market turmoil.

After lowering their exposure to Europe this week, investors zoomed in on domestically driven stocks, with social networking company DeNa Co Ltd soaring 12.3 percent on a share buyback, pulling peer Gree Inc up 8.4 percent.

The Nikkei closed flat at 8,569.32 after dipping in and out of negative territory throughout the day, rounding off a rangebound week marked by thin volumes and low liquidity as investors played it safe ahead of the Greek election on Sunday, which could set the country on a path to exit the euro zone.

To read the full article please click here.

Advertisements
This entry was posted in Articles, Business, Finance, World Economy, World Exchanges and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s