Nikkei eases off 17-month high as firmer yen triggers futures selling [Reuters]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Reuters
Nikkei eases off 17-month high as firmer yen triggers futures sellingTOKYO May 12 Japanese shares slipped from near17-month highs on Friday, as a slightly stronger yen triggeredselling in futures markets while investors focused on a slew ofcorporate earnings such as from automaker Nissan on a surprisehike in dividend.The Nikkei share average dropped 0.4 percent to19,883.90. The index gained 2.3 percent for the week, racking upits fourth week of gains helped by easing worries over Europeanpolitics and tensions in the Korean peninsula.The broader Topix dropped 0.4 percent to 1,580.71.The JPX-Nikkei Index 400 declined 0.4 percent to14,111.69.Bucking the trend, Nissan Motor surged 3.0 percenton its plan to hike dividends although it forecast an unexpectedfall in profits and its guidance was lower than analystexpectations.(Reporting by the Tokyo markets team; Editing by JacquelineWong)
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