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Article: Japan stocks mixed as Nikkei snaps 9-day rally
- Article from:
- AP Online
- Article date:
- July 28, 2009
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Japan stocks were mixed Tuesday as investors curbed their recent appetite for equities, ending a robust nine-day rally by the benchmark index.
The Nikkei 225 stock average slipped 1.4 points, or 0.01 percent, to 10,087.26 after gaining more than 11 percent between July 13 and July 27. It was the Nikkei's longest winning streak in 21 years.
The broader Topix index added 0.2 percent to 930.13.
Players used the day to lock in gains but held the Nikkei above the psychologically key 10,000 line. Overall optimism about the global economic outlook remained firm, particularly after a government report overnight showed that new U.S. homes sales posted the fastest increase in June in more than eight ...