Most Japanese stocks fell as a report showed machine orders unexpectedly shrank in August and as investors await the reopening of Chinese markets after a week-long holiday.
The Topix index slipped 0.2 percent to 1,489.92 as of 9:02 a.m. in Tokyo as two stocks fell for each that rose. The Nikkei 225 Stock Average lost 0.1 percent to 18,301.18 The MSCI All-Country World Index jumped 1 percent Wednesday for a sixth day of gains, its longest advance since April. China’s markets open for the first time since Sept. 30. During the holiday, Chinese shares traded in Hong Kong rose 11 percent.
Global stocks are recovering from their worst quarter since 2011 as bets the Federal Reserve will keep U.S. interest rates near zero spurs demand for assets that benefit when borrowing is cheap. Shanghai’s market re-opens at 10:30 a.m. Tokyo time.
Source : Bloomberg