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Japan stocks edge down as markets await Greek deal

Posted in Trading PC | February 21st, 2012

LOS ANGELES (MarketWatch) — Japanese stocks meandered around the break-even line in early Tuesday trading, as investors awaited word from Europe on a new Greek bailout deal. The Nikkei Stock Average

/quotes/zigman/5986735 JP:NIK
-0.17%

slipped 0.2% after briefly trading positive, while the Topix slipped 0.1%. With the U.S. markets closed for holiday, and European finance ministers extending their meeting on approving Greek aid, share moves were mild, though a few resource stocks managed to outperform. Inpex Corp.

/quotes/zigman/396971 JP:1605
+0.52%

/quotes/zigman/527550 IPXHY
+5.88%

rose 0.4%, extending its gains, even after Nymex crude moved off its nine-month high above $105 a barrel. JFE Holdings Inc.

/quotes/zigman/304502 JP:5411
-1.93%

/quotes/zigman/304509 JFEEF
-1.69%

fell 1.8% after sharp gains in the previous session, but rival Nippon Steel Corp.

/quotes/zigman/196304 JP:5401
0.00%

/quotes/zigman/196313 NISTF
+6.54%

traded flat, and Sumitomo Metal Industries Ltd.

/quotes/zigman/197855 JP:5405
+0.62%

/quotes/zigman/197865 SMMLF
+10.85%

gained 0.6%. Blue-chip tech exporters were mostly softer, as Sony Corp.

/quotes/zigman/197500 JP:6758
-0.54%

/quotes/zigman/197524/quotes/nls/sne SNE
+0.49%

fell 0.5%, Sharp Corp.

/quotes/zigman/197304 JP:6753
-1.61%

/quotes/zigman/197313 SHCAF
-1.47%

lost 1.6%and Panasonic Corp.

/quotes/zigman/194943 JP:6752
-1.66%

/quotes/zigman/525474/quotes/nls/pc PC
+2.16%

retreated by 1.8%.