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Tuesday, May 1, 2012

Nikkei falls as most Asia markets take holiday

Japan's Nikkei 225 fell Tuesday amid a stronger yen and signs of a slowing U.S. economy, while other key Asian stock indexes were closed for a public holiday.The Nikkei Stock Average in Tokyo fell 1 percent to 9,422.83. Export shares struggled as the dollar hovered below the 80-yen mark. The greenback hasn’t been this weak against the Japanese currency since February.
Australia’s S&P/ASX 200 rose 0.7 percent to 4,427.90, amid expectations that the Reserve Bank of Australia will announce an interest rate cut.

From: http://ping.fm/LbgAB

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