Earnings Concerns Lowered Japanese Stocks

As of February 7, Nikkei 225 Index fell by 0.93% from its highest levels since September 2008. The earnings concerns such as related to the Nikon, Yamaha Corp., Mazda Motor Corp., and profit realizations after Wednesday’s 3.8% surge led the losses.

In addition, Shangai Composite Index and Hang Seng Index in Hong Kong fell by 0.66% and 0.34%, respectively, due to the New Year holiday since investors had less trading on Thursday.