04 Jun '11, 8am

#Japan shares may weaken next week #NewsQuake

Topics: International Economy Government and Policy Stocks On Friday 3 June 2011, 16:53 SGT Japanese shares may come under pressure next week if US payrolls data turn out to be weaker than expected amid jitters over the health of the world's largest economy, brokers said Friday. In the week to June 3, the benchmark Nikkei index at the Tokyo Stock Exchange lost 0.31 percent, or 29.73 points, to 9,492.21. The Topix index of all first section shares fell 1.01 percent, or 8.33 points, to 816.57. The market was cautiously awaiting a US employment report due later Friday, as concerns grow over the US economy in the wake of grim manufacturing and other indicators released this week, brokers said. "If non-farm payrolls numbers come out weak and spark a sell-off in US stocks, the market is likely to stay under pressure for a while," said Kenichi Hirano, general manager at Tachibana...

Full article: http://sg.finance.yahoo.com/news/Japan-shares-weaken-next...

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