Nikkei edges down on pause in weak yen trend; mining shares outperform
TOKYO, March 30 Japan's Nikkei share average edged down on Thursday morning pressured by a pause in the weak yen trend, while mining shares firmed on gains in oil prices.
* Nifty futures on the Singapore Exchange up 0.1 percent. The MSCI-Asia Pacific index, excluding Japan is down 0.3 percent. * Asian shares steadied on Tuesday but prices were capped by investor caution ahead of corporate earnings season for the last quarter of 2012 and the European Central Bank's policy meeting later in the week. * Foreign investors bought 9.63 billion rupees of stocks, while domestic institutions sold 9.01 billion rupees of stocks on Monday, when India's BSE index fell 0.5 percent. * Traders say earnings remain key for the near-term trend, while oil and gas stocks may remain in action as the government continues to hint towards fuel subsidy rationalisation. * Also on watch, Karnataka iron ore case in top court in India. (email@example.com /; firstname.lastname@example.org)
March 30 The following table shows rates for Asian currencies against the dollar at 0221 GMT. CURRENCIES VS U.S. DOLLAR Change on the day at 0221 GMT Currency Latest bid Previous Pct Move day Japan yen 111.37 111.05 -0.29 Sing dlr 1.3958 1.3940 -0.13 Taiwan dlr 30.313 30.285 -0.09 Korean won
March 30 Gold prices held steady on Thursday, supported by uncertainties on the impact of Britain's departure from the European Union, U.S. policy under President Donald Trump and French elections, but at the same time capped by a stronger dollar. FUNDAMENTALS * Spot gold was down 0.1 percent at $1,251.22 per ounce, as of 0059 GMT. U.S. gold futures eased 0.2 percent to $1,250.9. * The dollar index was up 0.1 percent at 100.07.