TOKYO, Dec 7 Japan's Nikkei share average held steady in early trade on Friday after closing above the key 9,500-mark for the first time in seven months in the previous session and ahead of U.S. jobs data. The Nikkei was flat at 9,546.22 after entering "overbought" territory on Thursday, with its 14-day relative strength index at 70.5. Seventy or above is deemed overbought, which often signals a possible pullback in the near term. The broader Topix was also steady, at 788.90.
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The Reserve Bank of India kept its policy rate on hold at 7.25 percent on Tuesday, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates. Full Article | Full Coverage