The Nikkei has lost value for the second day in a row today (July 25th), with Canon among the major firms to have forced the index down.
After the index got the week off to a good start with two days of gains, it fell away on Wednesday and lost a further 1.1 per cent to 14,562.93 at the end of trading.
According to a report by Reuters, the index rose to as high as 14,748.77 at the open, but dropped away later in the day.
The Nikkei had looked on track to record a sixth weekly increase in a row on Tuesday, but its performance in the last two days has now cast this into doubt.
Canon lost over 7.5 per cent of its value on the Nikkei today and the major drop for the blue chip stock contributed to the losses sustained by the index during the session.
The Nikkei fell back by 0.3 per cent to 14,731.28 yesterday.
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.