Nikkei slips as 20,000 mark looms; earnings broadly well received [Reuters]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Reuters
Nikkei slips as 20,000 mark looms; earnings broadly well received * Domestic investors rock in gains in past few weeks * Friday sees peak of Japanese earnings season * Retailers solid, carmakers slide By Hideyuki Sano TOKYO, May 12 Japanese shares slipped from near1-1/2-year highs on Friday as the market took a breather fromits rally since mid-April, while trading was also influenced bya mixed bag of earnings with Nissan Motor rising on a surprisedividend hike. The Nikkei share average ticked down 0.7 percent to19,823.28 as some investors booked profits. The index has gainedmore than 3 percent so far this month and in excess of 9 percentfrom its April 17 low of 18,225. "There are many people who failed to take profits in Marchwhen the Nikkei peaked just below the 20,000. So those peopleare likely to be selling now," said Soichiro Monji, chiefstrategist at Daiwa SB Investments. But some market players expect the Nikkei to eventuallyclear the 20,000 mark, given a generally upbeat outloo
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