Nikkei slips below 10,000 mark on weak US data

Japan’s Nikkei fell below 10,000 mark today after Wall Street closed lower with all three major indices finishing more than one per cent lower on weak housing data. Japan’s Nikkei is currently trading down by1.67% or 168.44 points at 9945.43.

Investor’s sentiment were sluggish on fresh recurring doubts over the strength of the economic recovery in the world's largest economy and one of Japan's largest trading partners.

The shares that had climbed on the hopes that the Yuan flexibility decision would boost Chinese purchasing power like shippers and machinery shares lost ground today.  

Nippon Yusen slid 3.9% to 343 yen and fellow shipper Mitsui O.S.K. Lines lost 2.9% to 640 yen. Hitachi Construction fell 2% to 1,827 yen.