Nikkei edges down in choppy trade; weak yen limits decline
By Reuters
Sep 05, 2014 09:59 PM EDT
Sep 05, 2014 09:59 PM EDT
Japan's Nikkei share average edged down on Friday in choppy trade, but declines were limited as the mood was supported after the dollar rose to a six-year high against the yen following the European Central Bank's monetary easing steps.
The Nikkei dropped 0.1 percent to 15,668.68, closeto a seven-month high of 15,829.38 hit on Wednesday. For the week, the index rose 1.6 percent.
The broader Topix declined 0.3 percent to 1,293.21,and the new JPX-Nikkei Index 400 shed 0.3 percent to11,732.03.
The ECB cut interest rates to fresh record lows and announced plans to buy asset-backed securities (ABS) and covered bonds in October.
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