Choppy trade sees Nikkei drop again

<p>The Nikkei is down for the second day in a row.</p>

The Nikkei is down again today (July 4th) ahead of the release of new jobs data in the US.

Figures due to be unveiled tomorrow will give an indication of the health of the economy in the US and investors responded cautiously.

According to a report by Reuters, the Nikkei was in and out of positive territory at various points, but by the end of the day it had slipped 0.3 per cent to 14,018.93.

Investors were also cautious over the ongoing political instability in Egypt, as well as holding fears over the situation in Portugal that could worsen the eurozone crisis.

The Nikkei had started the week well with two strong gains but has fallen away from the five-week high it reached on Tuesday in the last two days of trading.

Yesterday saw the index lose 0.3 per cent of its value amid concerns over the health of the Chinese economy.

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