Bad start to the financial week in Japan. While the rest of Asia ended the day on a positive note, the Nikkei index records a drop of 0,18% and falls to 13.636,28. Previously it had risen to 13.741,49, and then temporarily plunged to 13.586,84. Similar was the final performance of the Topix relating to the entire list, which fell by 1,63 points or 0,14% to finally settle at 1.140,00. However, the trading volume was modest, with 1,59 billion shares changed hands.
The negative result of the Tokyo Stock Exchange is due, among other reasons, to the concern of investors for the Japanese government's plan to raise the value added tax from 5 to 8% next April.
Except for the Rising Sun, Asia smiles. Hong Kong gains 0,6%, Shanghai 1,4% and Seoul 0,9%. In parts of the Indian subcontinent, Mumbai rose by 0,47%, but the rupee was weak after the rebound on August 23rd.
