Chinese Rate Hikes Affect Japanese Nikkei, Reports Dominion Provident Ventures, Inc.
The Nikkei average of Japan lost 0.5 percent on Thursday, due to the ailing Japan Airlines and the electronics company Canon hit hard by a brokerage downgrade. The fall was also encouraged by monetary tightening in China, when China’s central bank raised its rates on three-month bills. Analysts at Dominion Provident Ventures, Inc. report that …
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