Nikkei drops in morning session

<p>The Nikkei fell by 1.4 per cent at one point.</p>

The Nikkei lost as much as 1.4 per cent during this morning's (April 18th) trading session, but recovered to be down just 0.4 per cent at the midday break.

Toyota Motor Corp was one of the biggest fallers on the index over the course of the session and the carmaker was down by 1.3 per cent, with camera manufacturer Nikon Corp dropping 1.6 per cent.

Speaking to Reuters, Mitsushige Akino, executive director and chief fund manager at Ichiyoshi Asset Management, highlighted the fact small-caps have been performing "quite well".

He said: "Although a wait-and-see mood prevails in the market ahead of the G20 meeting, retail investors and some hedge funds are buying small-caps aggressively and such move limit the downside."

The Nikkei was up in yesterday morning's trading session, with a small rise that helped to cancel out the falls seen in the three previous days on the index.

There was good news for the Topix index as well, which gained 0.9 per cent to 1,128.72.

Learn about the Asian markets and CFD trading at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (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.

For further details see our full non-independent research disclaimer and quarterly summary.