JAPAN/TAIWAN: Stocks in Taiwan and Tokyo lose steam at market close, as Federal Reserve Chairman Ben Bernanke put the brakes on a recent rally by curbing optimism about the strength of the U.S. economic recovery

Record ID: 466117

  • Title: JAPAN/TAIWAN: Stocks in Taiwan and Tokyo lose steam at market close, as Federal Reserve Chairman Ben Bernanke put the brakes on a recent rally by curbing optimism about the strength of the U.S. economic recovery
  • Date: 2nd March 2012
  • Summary: WALL OF MONITORS SHOWING PRICE OF TAIWAN WEIGHTED INDEX GRAPHIC SHOWING 8151.7, HIGHEST POINT OF TAIWAN WEIGHTED INDEX AT 1225 LOCAL TIME (0425 GMT) WALL OF MONITORS GRAPHIC SHOWING TAIWAN WEIGHTED INDEX LOWERING TO 8118.34 AT 1334 LOCAL TIME (0334 GMT) INVESTOR STANDING IN FRONT OF COMPUTERS INTERIOR OF SECURITIES FIRM TOKYO, JAPAN (MARCH 1, 2012) (REUTERS) TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN IN ENGLISH READING "TOKYO STOCK EXCHANGE" TSE EMPLOYEES WORKING IN MAIN HALL OF TSE STOCK PRICE BOARD BOARD SHOWING CLOSING VALUE OF NIKKEI 225 INDEX AT 9708.40 , DOWN 14.84 VARIOUS OF TSE EMPLOYEES WORKING VARIOUS OF STOCK PRICE BOARD MAIN HALL OF TSE STOCK TICKER ABOVE MAIN HALL
  • Embargoed: 17th March 2012 12:00
  • Keywords:
  • Location: Taiwan, Province of China, Japan
  • City:
  • Country: Taiwan
  • Topics: Economy
  • Reuters ID: LVAE5YAXACJXJDWP6ROOWX6ZUBGJ
  • Story Text: Asian shares ended flat on Thursday (March 1) as Federal Reserve Chairman Ben Bernanke put the brakes on a recent rally by curbing optimism about the strength of the U.S. economic recovery, but without signalling any further monetary easing to stimulate growth.
    Chinese official and private-sector factory data also reminded investors of the fragile state of the global economy.
    Taiwan stocks ended flat after almost a seven-month closing high in the previous session, with losses in oil counters and banking shares offsetting gains in car makers and transport.
    The main TAIEX index fell 3.1 points, or 0.04 percent, to 8,118.34, after opening flat.
    Japan's Nikkei average fell on Thursday and failed to hold 98,00 for the second day in a row, as domestic investors locked in profits after the index rallied more than 10 percent last month and posted its best February performance in two decades.
    The Nikkei closed 0.2 percent lower at 9,707.37 after trading as high as 9,865.75 in the morning session.
    The index also failed to retain its gains above the key 9,800 on Wednesday (February 29).
    The Nikkei suffered its worst intraday volatility in three months on Thursday, with a near 200-point swing from high to low. That compared with an average of 110 points daily swings in February.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2012. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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