Nikkei slips back on US manufacturing data

<p>The Nikkei lost ground following yesterday’s gains.</p>

The Nikkei has slipped back during today's (March 25th) trading session in Japan, with the index erasing some of the gains it piled up yesterday.

After the index added 1.8 per cent to its overall value to bounce back from a six-week low and get the week off to a flying start yesterday, it dropped back by 0.4 per cent.

In a choppy session, the Nikkei ended the day down at 14,423.19, keeping it below its 200-day moving average of 14,509.61, reports Reuters.

The Nikkei is down by more than ten per cent for the year, with 2014 having got off to a disappointing start for the index after it outperformed global rivals such as the Dow Jones and the FTSE 100 in 2013.

There was better news for the broader Topix today, as the index gained 0.1 per cent to close the day at 1,163.70, while the JPX-Nikkei Index 400 also increased by 0.1 per cent to 10,531.93.

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