Jan 7th, 2014

Nikkei225 dropped for two days in a row!

Tokyo's Nikkei share average(Nikkei 225) ended 0.59% lower at 15,814.37, and it dropped for two days in a row. Topix index ended 0.69% lower at 1283.25, and it dropped too. FAST RETAILING CO(TYO:9983) dropped 0.98% though its domestic sales in December increased by 1.1% over the same period of the previous year.

Nippon Life Insurance Co(it's private company) the largest life insurance company in Japan published decresing insurance premium for the young this morning. Insurance comapanies fell hard because of considering price war, Tokio Marine(TYO:8766) ended 2.74% lower, MS&AD(TYO:8725) ended 3.87%. On the other hand, Kawasaki Heavy Industries(TYO:7012) received an order of manufacturing subway car in Washington ended 1.38% higher.

The number of dropping stocks today is 1,219, and 68% of the total stocks in Tokyo Market dropped with 2.71 billion share changing hands. Meanwhile, the number of stocks rose today is 451.