PRODUCT PROFILE

Latest Dublin Prices

Nikkei lower on firmer Yen

Monday, September 24 07:15:48

The Nikkei share average fell to a one-week closing low today as a firmer yen added to woes for automakers and other exporters, which have been under pressure from the territorial dispute between Japan and China.

Concerns about global growth weighed on the market even though major central banks have launched stimulus measures to bolster their economies. Some analysts now worry that the new round of stimulus from the Federal Reserve suggests that the U.S. economy is in worse shape than many had feared.

The Nikkei eased 0.5 percent to 9,069.29, supported by its 200-day moving average at 9,016.86, while the Nikkei China 50, made up of Japanese firms with heavy exposure to the world's second largest economy, shed 1.3 percent.

The broader Topix index slipped 0.4 percent to 753.68. ( C) Reuters