Japan's Nikkei stock average
retreated from a six-month high in choppy trade on Thursday, but
sentiment remained upbeat on the back of easing steps from the
Bank of Japan that have weakened the yen.
After making sharp gains this week, some market participants
even said the Nikkei could test 10,000 in the next few weeks if
trading volume continues to grow, although they cautioned it was
likely to be a slow and steady climb.
"The fact that autos and financials haven't seen any major
adjustment after big gains is an indication of the strength of
current market sentiment," said Yumi Nishimura, senior technical
analyst at Daiwa Securities.
(Reuters)
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