Daytrading, Eminis, Forex trading, Swing Trading Market Analysis - 479877
Travis Roy  |  by www.tradingmarkets.com. All rights reserved. 6.11 | 20:41

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(RTTNews) - Tokyo shares settled Thursday's session mixed after bargain hunting in the later session offset initial losses. The chief 225-issue Nikkei Stock Average index dropped 24.13 points or 0.

15% to close at 16,375.26. The Tokyo Stock Price Index of all First Section issues rose 5.

09 points or 0.31% to 1,622.51.

Gaining issues led declining ones by 879 to 695, while 128 shares finished flat. About 1,647.26 million shares were traded today, compared to Tuesday's 1,633.

11 million shares. Softbank plunged almost 5%. The Fair Trade Commission has commenced investigations on the firm for possible violations of a law banning misleading representations in advertising after the company began a new mobile phone service and fee system.

Sony fell over a percent. Accordia Golf, the country's third largest initial public offering so far this year, made its debut 3.6% below the offering price of 195,000 yen and closed at 184,000 yen.

All Nippon Airways settled in the red. The company on Tuesday said its group pretax profit fell 2.4% during the half year ended September from the previous year.

Rival Japan Airlines ended flat. Fuji Heavy Industries declined over 3.5% after the company on Tuesday cut its full year revenue and vehicle sales forecast.

In the gaining space, machinery maker Sumitomo Heavy Industries jumped nearly 6% after the company revised up its first half earnings outlook. Among the financial stocks, Sumitomo Mitsui Financial Group and Resona Holdings spurted over 2% each, while Mitsubishi UFJ Financial Group rose about 1.5%.

Fuji Film Holdings soared 2.5% and Asahi Kasei shot up 2.7%.

Nissan surged more than 3%, while Suzuki Motor added 0.6%. Mitsubishi Electric jumped 3.

5%. The company on Monday said its net profit for the fiscal first half ended September nearly doubled from a year earlier.

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Keywords: Heavy Industries, Financial Group
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