The Nikkei has dropped back in today's (July 3rd) trading after a solid start to the week.
It had reached new five-week highs yesterday, but lost 0.3 per cent of its value in choppy trading today to record a first daily drop in four days.
Concerns over the Chinese economy helped to push the index down for the first time this week, reports Reuters.
The Asian nation has released data indicating that the services sector grew at the slowest pace in nine months in June.
After a period of ups and downs for the Nikkei, it ended the day at 14,055.56, cancelling out some of the 1.8 per cent gains it recorded yesterday.
The Nikkei was also up on Friday and Monday, when it jumped by 1.3 per cent to hit a one-month high. However, the index remains some distance away from the five-and-a-half year highs it recorded in May.
Learn about the Asian markets and CFD trading at City Index
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.