7th February 2012
Japan's blue chip index has not avoided contamination from the ongoing Greek bailout face-off, with the Nikkei Stock Average falling slightly by the end of its latest trading session.
The market closed down by 11.68 points or 0.13 per cent at 8,917.52. However, the trading volume remained strong at 1.115 trillion yen, with traders carrying out a lot of deals.
Investors are now facing up to the fact that issue of the eurozone debt crisis will not go away anytime soon and have therefore taken the opportunity to consolidate their positions and to make quick gains from rises in previous sessions.
Meanwhile, last month was the best month on record for the Japanese exchange since 1999, showing gains of 4.1 per cent in January 2012.
"A lot of people call this short-covering or month-end window dressing, but the market is definitely in an upward trend," Yoshihiro Ito, chief strategist at Okasan Online Strategies, told Reuters.
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