Japanese stocks had a solid holiday-shortened week with outsized gains on Thursday. However, TOPIX 1st section was mostly flat and the Nikkei closed slightly lower as Q3 came to an end Friday. Some market participants worry if the buying ahead of quarter’s end was merely “window dressing.”
The Bank of Japan [BoJ] releases its tankan on Monday. Positive readings are welcomed considering negative CPI and the rise in unemployment.
Nikkei 225 futures (December) trading in Chicago lost 195 points (-1.2%) to 16,765; U.S. indices traded to the downside Friday: Dow -0.1%, S&P 500 -0.3%, Nasdaq -0.3%
Mitsubishi UFJ (NYSE: MTU) (JP: 8306) resumes trading Monday after being halted a week for its 1,000:1 stock split.
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